HYPE leads crypto rebound as traders position for volatility breakout
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The crypto market showed signs of a cautious recovery on Thursday, with bitcoin BTC $ 77,640.65 trading at $77,900, up from Tuesday's low of $76,100, and ether (ETH) at $2,130 after adding 0.1% since midnight UTC.
Key facts
The crypto market showed signs of a cautious recovery on Thursday, with bitcoin BTC $ 77,640.65 trading at $77,900, up from Tuesday's low of $76,100, and ether (ETH) at $2,130 after adding 0.1%
U.S. equities snapped a three-day losing streak on Wednesday, with the S&P 500 index 1.5% higher as investors anticipated a strong earnings report from Nvidia (NVDA), which beat forecasts with record
Oil prices dipped as U.S. President Donald Trump said a peace deal with Iran was in its "final stages," providing a boost to risk assets
Summary
Bitcoin rebounded to $77,900 and ether traded near $2,130 as crypto markets steadied alongside stronger U.S. equities and easing oil prices. Hyperliquid’s HYPE jumped 6.5%, extending its seven-day gain to 53%, with derivatives data signaling aggressive bullish positioning. Options traders are increasingly betting on a volatility breakout in bitcoin and ether while altcoin markets remain mixed, with speculative activity rising in smaller tokens. U.S. equities snapped a three-day losing streak on Wednesday, with the S&P 500 index 1.5% higher as investors anticipated a strong earnings report from Nvidia (NVDA), which beat forecasts with record quarterly revenues of $81.62 billion.