Crypto Markets Stabilize as HyperLiquid’s HYPE Rockets on $1B Purchase Plan
After a turbulent few weeks, crypto markets found footing on Thursday, with major tokens posting modest gains and HyperLiquid’s HYPE leading the charge.
Bitcoin (BTC) rose 1.6% to around $110,141, while Ether (ETH) climbed 1.1% to $3,892. Other large-cap coins, including BNB and Solana (SOL), posted slightly stronger moves, reflecting cautious renewed buying.
The highlight of the session was HYPE ($39.05), which surged 12% following news that HyperLiquid Strategies plans to raise $1 billion to expand its token holdings.
Derivatives activity suggested a calmer day, with funding rates near zero, indicating reduced speculative pressure after recent bouts of volatility.
