Huobi Token (HT) Crypto News Today

Securities Commission Malaysia has ordered Huobi Global to stop all activity after failing to register to operate in the country.

The company confirmed that it has already broken all the ties with Huobi Korea, its former subsidiary in South Korea.

Canceled bonuses, pay disputes, massive layoffs and a communication blackout has been claimed as part of the goings-on at the crypto exchange.

Bitcoin price continues to trade within a tight range, setting up possible short-term breakout for MATIC, HT, QNT and OKB.

HT price makes further gains as Huobi Global opens SEAN spot trading, but the rally might be short-lived as technicals flip bearish.

Huobi co-founder Leon Li reportedly informed about his decision to other backers of the company in a July shareholders meeting.

An exchange token valuation methodology suggests that SUSHI is trading at a 33% discount and that UNI’s price is 36% overvalued.

SOL, HT, ETC and AAVE are pushing toward new highs, while Bitcoin trades within a tightening range.

Bitcoin’s sharp correction to $50,000 brought Binance Coin, FTX Token, OKex and Huobi Token to their lower support levels but data shows there is still a bullish case for exchange tokens.

Increased trading volumes, innovative products and strong DeFi integration have helped BNB, HT, FTT and OKB soar in February.

Several altcoins are likely to rally if Bitcoin can resume its up move this week.

Most top performers have reached their resistance levels and may consolidate or correct over the next week.

Most top performers of the past week have bounced sharply from their lows, which is a positive sign as it indicates buying at lower levels.

Bitcoin and cryptocurrency markets are witnessing profit booking at higher levels and buying on sharp falls, pointing to consolidation over the next few days.

With Bitcoin’s fall below $10,000, the top performers of this week are witnessing profit booking.