Market Swings: HBAR Crashes After IBM Partnership News, QNT Reaches New Heights
The crypto market has settled after an initial rocky start to the week, with total market cap hovering near $2.86 trillion and 61 of the top 100 coins showing gains.
However, amidst this relative calm, two notable exceptions stood out: Hedera (HBAR) and Quant (QNT).
HBAR's fortunes took a dramatic turn, plummeting from a 20% surge to a 16.5% loss within hours due to its partnership with IBM. This drastic reversal served as a stark reminder that the market can quickly reassess the significance of enterprise-partnership news.
On the other hand, QNT has been on an explosive run, with a +299% surge over seven days. The Clearing House selected Quant to power its tokenized deposit network for US banks, which is expected to launch in the first half of 2027.