CoinDesk
Hyperliquid's HYPE rose more than 11% to nearly $89, leading major crypto assets as Bitcoin recovered toward $78,000. Zcash's ZEC gained 8% to roughly $1,472, while Solana's SOL added 6% to just above $106. Bitcoin rose 2% after touching $75,972 during U.S. hours, marking a third consecutive day of gains.
Why it matters
The rally was broad, with none of the 40 most liquid coins falling over the period. Total crypto market value rose 2% to roughly $2.66 trillion, while equities also advanced after the Federal Reserve's quarter-point hike drew less market disruption than expected.
FxPro chief market analyst Alex Kuptsikevich said traders were cautiously shifting their focus toward altcoins, even as the altcoin season index remained subdued. NEAR led the 40-coin group at 30%, followed by UNI at 26% and APT at 18%.
Market impact
Bitcoin now faces resistance near the upper edge of its established range around $82,000. Kuptsikevich expects profit-taking into the weekend to delay an immediate attempt at that level, leaving the breadth of altcoin gains and Bitcoin's ability to hold above $78,000 as key signals.
Frequently asked questions
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Which crypto asset led the rally?
Hyperliquid's HYPE led major crypto assets, rising more than 11% to nearly $89 during Asian morning hours.
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How much did Bitcoin recover?
Bitcoin recovered toward $78,000 after touching $75,972 during U.S. hours, extending its gains to a third consecutive day.
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How broad was the crypto market advance?
None of the 40 most liquid coins fell over the period, and total crypto market value rose 2% to roughly $2.66 trillion.
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Which altcoins posted the strongest gains after HYPE?
ZEC gained 8% to roughly $1,472 and SOL rose 6% to just above $106. NEAR, UNI and APT led the broader 40-coin group by percentage gain.
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What is Bitcoin's next major price test?
Bitcoin faces resistance near the upper edge of its established trading range around $82,000. Profit-taking into the weekend could delay an attempt at that level.
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