Altcoins Surge as Bitcoin Recovers Toward $78,000

The altcoin market surged on Friday morning in Asia, led by Hyperliquid's HYPE which rose over 11% to nearly $89. This move was the strongest among major assets, according to CoinDesk data.

Other notable gainers included Zcash (ZEC), up 8% to around $1,472, and Solana's SOL, which added 6% to reach just above $106. BNB and DOGE each gained about 4%, with XRP, ether, and Bitcoin up 2%. TRX was the laggard at under 1%.

Total crypto market value rose 2% to roughly $2.66 trillion during this period. Alex Kuptsikevich, chief market analyst at FxPro, noted that traders are 'cautiously shifting their focus towards altcoins', even with the altcoin season index still subdued.