Crypto Market Shows Signs of Stability: Bitcoin and Ether Edge Higher, HyperLiquid’s HYPE Jumps
After weeks of volatility, crypto markets stabilized on Thursday, with Bitcoin and Ether posting modest gains and HyperLiquid’s token HYPE seeing significant upside.
Bitcoin (BTC) rose 1.6% to $109,983, while Ether (ETH) edged up 1.1% to $3,880. Other major tokens, including BNB and Solana (SOL), also recorded stronger gains, signaling a return of investor confidence after recent turbulence.
HyperLiquid’s HYPE led the rally, climbing 12% to $39.13 after the company announced plans to raise $1 billion to repurchase its token.
Derivatives data reflects the calmer market conditions, with funding rates hovering around zero, contrasting with the heightened volatility of the past few weeks.
Thursday’s trading suggests that crypto markets are beginning to consolidate, with support levels forming and investors cautiously re-entering positions.
