Asia Morning Briefing: Crypto’s Next Breakout Will Come From Infrastructure, Not Narratives, Hashed Says

Hedera's token, HBAR, has retreated alongside a broader decline in the cryptocurrency market, with a reported drop of 3.9% as part of the CoinDesk 20 index's overall downturn. This decline comes despite speculation around new institutional products that had previously driven altcoin momentum.

The cryptocurrency market experienced a significant downturn as Bitcoin's price slipped back to $90,000, following softer-than-expected private inflation data that initially sparked hopes for a market recovery. This decline comes after a brief period where Bitcoin had reclaimed higher values, indicating volatility in market sentiment.

The CoinDesk 20 index has experienced a decline of 1.5%, with nearly all constituents trading lower, except for Bitcoin Cash (BCH), which saw a slight increase of 0.5%. This downturn reflects ongoing volatility in the cryptocurrency market, impacting investor sentiment and trading strategies.

STRF has emerged as a standout credit instrument in the cryptocurrency market after nine months of trading, with its senior preferred stock rebounding 20% from November lows. This recovery indicates a shift in investor preference towards more secure investment options amidst market volatility.

Aptos' token has dropped 6% to $1.85, breaking through key support levels and underperforming against the broader cryptocurrency market. This decline reflects a significant technical breakdown that has accelerated in recent trading sessions.

Bitcoin's price has dropped to $91,000 as the cryptocurrency market faces heightened anxiety due to significant ETF outflows and aggressive deleveraging in derivatives. This decline follows a brief rally, indicating a volatile market environment.

Polymarket is hiring an in-house team to engage in market making, a move that has raised concerns among experts regarding the potential blurring of lines between prediction markets and traditional sportsbooks. This development could undermine the platform's perceived neutrality as it begins to trade against its own customers.

Dogecoin has recently experienced a significant decline, with its price hitting fresh lower lows amidst a bearish market sentiment. This downturn follows the disappointing debut of Grayscale's first U.S. spot Dogecoin ETF, which launched on November 24, 2025, but failed to meet trading volume expectations, garnering only $1.41 million on its first day.