Meanwhile, the cryptocurrency market remained under pressure as Bitcoin (BTC) struggled to push higher. The flagship cryptocurrency reached an intraday high of $90,336 on Wednesday but fell back as analysts cautioned of a deeper pullback in 2026.
Husky Inu (HINU) Rises To $0.00023931
However, the project is facing a slowdown in fundraising as the value of its native token rises. It faced a similar slowdown when nearing the $900,000 milestone thanks to a downturn in the cryptocurrency market. As a result, the project took significantly longer than expected to cross the $900,000 milestone. Husky Inu has raised $905,569 so far, and could struggle to meet its stated goal of $1.2 million as its official launch date approaches.
Official Launch Date
The project’s official launch date is under four months away, but the team has not ruled out moving the launch to an earlier or later date. The team will conduct a series of review meetings to determine the project’s launch date. The first two review meetings were held on July 1, 2025, and October 1, 2025, while the third is scheduled for January 1, 2026.
Cryptocurrency Markets Struggling To Regain Momentum
Meanwhile, the cryptocurrency market remains in the red as traders assess and position themselves for further downside risk. Bitcoin (BTC) briefly crossed the $90,000 mark but failed to sustain momentum and dropped to $86,209. The broader market rebound also fizzled out, with analysts flagging a build-up of put options, indicating market expectations of a drop below $85,000 for BTC. Bitcoin price action is currently witnessing short bounces followed by brisk selling.
BTC reached an intraday high of $90,194 on Wednesday but lost momentum and dropped to a low of $85,345. The flagship cryptocurrency is marginally down over the past 24 hours, trading around $86,721. Ethereum (ETH) followed a similar trajectory as it briefly reclaimed $3,000 before plunging to a low of $2,794. The world’s second-largest cryptocurrency is down nearly 4% over the past 24 hours, trading around $2,837 as it struggles to regain momentum. Ripple (XRP) is down over 4% at $1.84, while Solana (SOL) is down 4%, trading around $122.
Dogecoin (DOGE) is also trading in bearish territory at $0.125, and Cardano (ADA) is down 4.50% at $0.363. Chainlink (LINK), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered substantial declines over the past 24 hours. As a result, the crypto market cap is down 1.47%, while the 24-hour trading volume is up 17% at $116 billion.
