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Bitcoin Stalls as Altcoins Soar on Regulatory Talks and ETF Launch

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HYPE BTC ENA ZEC
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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.

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