Bitcoin Stalls as Altcoins Soar on Regulatory Talks and ETF Launch
Bitcoin's price stalled at $78K on Tuesday as other cryptocurrencies showed more promise. Hyperliquid (HYPE) and Zcash (ZEC) led the gains, with ENA not far behind.
The rally in altcoins came amid token-specific developments, including regulatory talks and a new exchange-traded fund launch. According to Bloomberg, Hyperliquid Labs is negotiating with Payward to bring perpetual futures to U.S. traders, which could be a major catalyst for HYPE's price rise.
Zcash (ZEC) also saw significant gains after Grayscale launched the first U.S. spot Zcash exchange-traded fund on NYSE. The token traded at $855, its best month since October 2025.