Crypto Update: Bitcoin and Ether Inch Up as HyperLiquid Rockets on $1B Acquisition Plan

Crypto Markets Stabilize as HyperLiquid’s HYPE Surges on $1B Purchase Plan

After a volatile few weeks, the cryptocurrency market found a footing on Thursday, with major assets posting modest gains and HyperLiquid’s token HYPE leading the charge.

Bitcoin (BTC) traded around $110,141, rising 1.6%, while Ether (ETH) inched up 1.1% to $3,892. Other large-cap tokens, including BNB and Solana (SOL), recorded slightly stronger gains, reflecting renewed buying interest.

The standout performer was HYPE ($39.05), which surged 12% following news that HyperLiquid Strategies plans to raise $1 billion to expand its token holdings.

Thursday’s calmer market sentiment was mirrored in derivatives data, with funding rates hovering near zero, signaling reduced speculative pressure and a temporary pause in extreme volatility after recent swings.

  • Related Posts

    XLM Pauses After Breakout as Rising Volume Signals Possible Institutional Interest

    XLM Gains 2.5% as Volume Spike Suggests Institutional Activity, Consolidates Near $0.321 Stellar’s XLM climbed 2.5% over the past 24 hours, moving from $0.3131 to $0.3210, breaking above key resistance…

    Continue reading
    Bitcoin Hits $111K Amid Ongoing Volatility in Crypto Markets

    Bitcoin Hits $111K as Crypto Whipsaw Continues Amid CZ Pardon and Stock Gains Crypto markets swung higher on Thursday, mirroring gains in U.S. stocks, boosted by the presidential pardon of…

    Continue reading
    You have not selected any currencies to display