Alternative cryptocurrencies outperformed Bitcoin on Thursday as Hyperliquids HYPE token rallied sharply following the launch of Bitwises new Hyperliquid ETF and expanding institutional adoption across the blockchain sector. While Bitcoin (BTC) continued trading below its 200-day simple moving average near $79,281, altcoins gained momentum amid rising investor interest in decentralized finance and tokenized assets. HYPE climbed nearly 16% over the last 24 hours, briefly touching $47 for the first time since October before settling near $45. The rally follows the debut of Bitwises BHYP ETF,… Read more
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