Crypto Markets Find Support as HYPE Surges on $1B Buy Plan
After weeks of choppy trading, crypto markets steadied on Thursday, with Bitcoin and Ether posting modest gains while HyperLiquid’s token HYPE led the rally.
Bitcoin (BTC) climbed 1.6% to $110,141, and Ether (ETH) rose 1.1% to $3,892. Tokens like BNB and Solana (SOL) saw slightly larger moves, signaling renewed market buying.
HYPE ($39.05) jumped 12% after HyperLiquid Strategies announced plans to raise $1 billion for token purchases, sparking strong investor interest.
The calmer trading day was reflected in derivatives markets, where funding rates remained near zero, showing lower speculative pressure after recent volatility.
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