HYPE Skyrockets on Trump's Reveal of CFTC Push for Hyperliquid's US Entry
The cryptocurrency market experienced a surge in prices over the past several hours, with most assets hitting multi-month peaks. HYPE, the native token of Hyperliquid, was among the top performers, surging nearly 10% intraday to reach $71. This price spike brought HYPE close to its all-time high of $76 set in June 2026.
The market's revival can be attributed to a development related to the US entry of Hyperliquid, as Trump revealed that the CFTC (Commodity Futures Trading Commission) is pushing for the company's expansion into the US market. This news likely contributed to the increased demand for HYPE and other cryptocurrencies.