Crypto Markets Today: BTC, ETH Edge Higher; HYPE Price Surges on $1B Buyout Plan
Bitcoin and Ether saw modest gains as the crypto market stabilized, while HyperLiquid's HYPE token surged 12% on a $1 billion token purchase plan.Summary
The crypto market found support on Thursday, with Bitcoin (BTC) and Ether (ETH) rising 1.6% and 1.1% respectively, alongside other tokens like BNB and SOL. The standout performer was HyperLiquid's token, HYPE, which jumped 12% following the announcement that HyperLiquid Strategies intends to raise $1 billion to purchase the token, signaling strong investor confidence. Derivatives data showed HYPE futures open interest surging, indicating growing bullish leverage, though BTC and ETH open interest remained flat ahead of the U.S. CPI release. In other news, Solana-based DEX Jupiter reported significant Q3 growth, with revenue up 19.2% and trading volume soaring 71%, leading its token JUP to climb over 3%. Despite general market stabilization, implied volatility for BTC remains elevated due to ongoing liquidity and deleveraging concerns.
(Source：CoinDesk)