Bitcoin, Ether Edge Higher Amid Market Optimism; HyperLiquid Surges on $1B Acquisition Strategy

Crypto Markets Stabilize: Bitcoin, Ether Post Modest Gains as HyperLiquid’s HYPE Surges

After weeks of choppy trading, crypto markets showed signs of stability on Thursday. Bitcoin (BTC) rose 1.6% to $109,983, while Ether (ETH) gained 1.1% to $3,880. Other major tokens, including BNB and Solana (SOL), saw even stronger gains.

The biggest mover was HyperLiquid’s HYPE, which climbed 12% to $39.13 following the company’s announcement that it plans to raise $1 billion to repurchase the token.

Market derivatives also indicate calmer conditions, with funding rates hovering near zero, reflecting a pause in the heightened volatility seen over the past weeks.

Thursday’s trading suggests that crypto investors are finding support levels, with early signs of consolidation returning after a turbulent stretch.