Bitcoin is back within striking distance of $78,000, recovering from an overnight slide to $75,972 and extending its winning streak to three days. But the more interesting action is happening elsewhere.
Hyperliquid’s HYPE surged more than 11% to nearly $89 during Asian morning trading on Friday, making it the strongest performer among major cryptocurrencies, according to CoinDesk data. Zcash’s ZEC followed with an 8% gain to around $1,472, while Solana’s SOL climbed 6% to just above $106.
The rest of the major market was broadly in the green. BNB and DOGE each added about 4%, while XRP, ether and Bitcoin gained roughly 2%. TRX posted the smallest advance, rising less than 1%.
Bitcoin’s move was enough to erase the overnight decline, putting the cryptocurrency just below $78,000 after it touched $75,972 during U.S. trading hours. Across the market, total crypto value increased 2% to approximately $2.66 trillion.
Bitcoin Is Recovering, but Altcoins Want the Spotlight
The breadth of the rally is what caught traders’ attention. None of the 40 most liquid cryptocurrencies declined over the period, according to FxPro chief market analyst Alex Kuptsikevich.
He said traders are “cautiously shifting their focus towards altcoins,” even though the altcoin season index remains subdued. Within that group, NEAR gained 30%, followed by UNI at 26% and APT at 18%.
The move also arrived alongside gains in equities and a broader appetite for risk. That comes a day after the Federal Reserve raised rates by a quarter point, a decision that produced less disruption in traditional markets than investors had anticipated.
For Bitcoin, the next test is already visible. The cryptocurrency is approaching the upper end of its established trading range near $82,000, but Kuptsikevich expects profit-taking into the weekend could slow any push toward that level.
For now, Bitcoin has reclaimed lost ground while the rest of the market is showing a growing appetite for names beyond the usual heavyweight. HYPE’s outsized jump makes that rotation especially hard to ignore.