Crypto Markets Gain Ground as HyperLiquid Plans $1B HYPE Acquisition
After a choppy few weeks, crypto markets found some footing on Thursday, with key tokens showing modest gains and HyperLiquid’s HYPE leading the rally.
Bitcoin (BTC) rose 1.6% to $110,141, while Ether (ETH) added 1.1% to $3,892. BNB and Solana (SOL) also posted upward moves, reflecting cautious buying across major digital assets.
HyperLiquid’s HYPE ($39.05) surged 12% following the announcement that HyperLiquid Strategies intends to raise $1 billion to expand its token holdings, sparking renewed investor interest.
The relatively calm trading day was reflected in derivatives markets, where funding rates remained near zero, signaling a pause in aggressive speculative activity after weeks of heightened volatility.
