The cryptocurrency market was revived over the previous a number of hours, with basically all belongings rocketing to new multi-month peaks. Some belongings, although, carried out higher than others, together with Hypeliquid’s native token.
HYPE surged by almost 10% from backside to prime, tapping $71 minutes in the past. It got here simply inches away from its June 2026 all-time excessive of $76 earlier than it was stopped and pushed to only below $70.
The main enhance got here after studies emerged that US President Donald Trump pushed the CFTC to carry Hyperliquid to the US.
Trump says the CFTC is working to carry Hyperliquid to the US, in remarks at White Home crypto summit right this moment.
Trump: “I perceive that Mike (Selig) can also be working to carry Hyperliquid into america in a completely compliant and authorized style.”
— Yueqi Yang (@Yueqi_Yang) August 19, 2026
The opposite notable purpose behind HYPE’s main rally right this moment was the broader market’s resurgence. As reported earlier, bitcoin skyrocketed to over $69,000 for the primary time since June. Ethereum adopted go well with with a run to $2,100; XRP is properly above $1.05, and so forth.
The sudden rally, given the general market sluggishness over the previous few weeks, resulted in properly over $1 billion in liquidations from over-leveraged merchants.
The probably purpose for the spectacular Wednesday run got here after the US Treasury introduced elevated liquidity-support buybacks for presidency bonds, impacting the broader monetary market.
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