HYPE, ZEC and SOL outperformed rival digital assets on Friday, as bitcoin rebounded past $78,000 to reclaim recent losses and drive the total cryptocurrency market value to approximately $2.66 trillion.
Altcoins take the lead
Data from CoinDesk indicated that Hyperliquid’s HYPE token advanced more than 11% to nearly $89 during the Asian morning session, marking the largest move among leading cryptocurrencies. Zcash’s ZEC followed with an 8% increase, reaching about $1,472, while Solana’s SOL rose 6% to just above $106.
BNB and DOGE each saw gains of around 4%. Meanwhile, XRP, Ether and bitcoin registered 2% increases over the same period. TRX lagged behind with under 1% growth.
According to CoinDesk’s figures, none of the 40 most actively traded coins posted a decline during this session. FxPro chief market analyst Alex Kuptsikevich attributed the broad rally to investors cautiously rotating into altcoins, despite the altcoin season index remaining relatively subdued.
Mini dictionary: Hyperliquid is a decentralized perpetual trading platform, offering permissionless trading of synthetic assets through its native HYPE token.
NEAR outpaced other major liquid coins with a 30% gain, followed by Uniswap (UNI) at 26% and Aptos (APT) at 18%.
| Coin | 24h Increase (%) | Latest Price |
|---|---|---|
| HYPE | 11% | $89 |
| ZEC | 8% | $1,472 |
| SOL | 6% | $106 |
| BNB | 4% | – |
| DOGE | 4% | – |
| XRP | 2% | – |
| Ether | 2% | – |
| Bitcoin | 2% | $78,000 |
| TRX | <1% | – |
| NEAR | 30% | – |
| UNI | 26% | – |
| APT | 18% | – |
Market context and risk appetite
The upward moves in digital assets coincided with rising equities and a stronger appetite for risk. The latest rally followed the Federal Reserve’s decision to implement a quarter-point interest rate hike, an event that passed without producing the turmoil some traditional market watchers had expected.
FxPro’s Alex Kuptsikevich noted that traders are now carefully shifting attention towards altcoins, with many seeking new opportunities even while the broader index for altcoin season remains muted.
Bitcoin briefly dipped to $75,972 during US trading hours but erased these losses, notching a third straight day of gains and trading just under $78,000.
Bitcoin’s technical landscape
Looking ahead, bitcoin faces technical resistance near the upper boundary of its recent trading range at around $82,000. Kuptsikevich suggested that profit-taking activities ahead of the weekend could postpone a concerted push toward this level.
He stressed that while enthusiasm for risk assets is growing, large holders may soon lock in gains, potentially tempering further upside in the immediate term.
