Zcash, Hyperliquid tokens lead losses as traders bet against a bitcoin bounce

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Zcash, Hyperliquid tokens lead losses as traders bet against a bitcoin bounce Crypto markets are under pressure ahead of key U.S. inflation data due later Wednesday. By Omkar Godbole , Shaurya Malwa | Edited by Sheldon Reback Jun 10, 2026, 10:52 a.m. 3 min read Make preferred on (Unsplash) What to know : Crypto markets are under pressure ahead of key U.S. inflation data, with bitcoin back below $61,500 and trading under its 200-week moving average, a level some analysts associate with prolonged bear markets. Derivatives positioning and funding rates across major tokens point to growing bearish sentiment and increased short bets. A reported 350% jump in Uniswap V4’s total value locked was traced to a hacked, worthless token inflating dashboard figures, while Morpho’s token rallied after a $175 million fundraise. The crypto market remains under pressure ahead of the pivotal U.S. inflation data, which is expected to show the cost of living rose to a three-year high of over 4% in May.