HBAR Tumbles 5 as Government Shutdown Delays Critical ETF Approvals

Hedera Hashgraph’s HBAR token fell nearly 5% from $0.22 to $0.21 between Oct. 8 and 9 as institutional caution deepened amid ongoing regulatory uncertainty. Volatility surged to 5.4%, with heavy selling between 01:00 and 08:00 on Oct. 9 pushing volumes above 100 million units per hour. Analysts cited strong resistance at $0.22 and institutional support near $0.21 as key technical levels.
The final hour saw accelerated losses, with HBAR slipping another 0.85% to $0.212. A brief recovery attempt at $0.215 quickly failed, and trading volume collapsed to zero in the closing minutes—signaling either technical issues or a complete institutional retreat.
The selloff reflects wider market unease as the U.S. government shutdown halts SEC operations, delaying ETF approvals. Canary Capital’s HBAR and Litecoin ETF filings remain pending, while Bitwise cut Solana ETF fees and added staking to stay competitive. Until regulatory clarity returns, corporate treasuries are expected to remain cautious in digital asset exposure.
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