Crypto Market Sees Significant Gains with HYPE and HOOD Breaking Records
The cryptocurrency market has seen significant gains in recent days, with several tokens and stocks breaking new records. HYPE broke above 77 USDT, marking a new all-time high on OKX. HOOD surged over 11%, with its stock price breaking $106, according to MSX.COM data.
Other notable gainers include DOGE, which rose by 11.14%, and TUT, which increased by 26.45% in the last 24 hours. The market has also seen an influx of liquidity, with Circle and Tether minting $3 billion in stablecoins over the past two days.
Crypto-related stocks have also seen significant gains, with Coinbase rising by over 7% at the market open. Market sentiment suggests that the US Treasury's announcement to expand the scale of long-term Treasury buybacks has increased liquidity expectations.