The altcoin market is showing renewed momentum as Hyperliquid ($HYPE) surged over 48% in the past 24 hours, reaching $46.11 and pushing its market capitalization to $15.42 billion after being listed on Bybit.
Now ranked #12 among cryptocurrencies, the token’s rise reflects a broader shift in sentiment, with traders increasingly positioning for what could be the onset of a new altseason.
???? $HYPE is officially listed on BybitSpot with @HyperliquidX!
???? Learn more with Lens: https://t.co/xJw2I6Xloy
???? Trade now: https://t.co/awMtO5oM48 pic.twitter.com/u8yYIypnEC— Bybit (@Bybit_Official) July 11, 2025
This optimism is being echoed by prominent crypto key opinion leaders (KOLs), who highlight a narrowing window of opportunity as Bitcoin enters price discovery mode. With many altcoins still trading well below their previous highs, analysts suggest the current market environment presents a favorable risk-reward setup for early movers.
Central to this resurgence is $HYPE, which has gained traction following its recent listing on Bybit. Market watchers expect that additional listings on top-tier exchanges could soon follow, further boosting liquidity and price discovery. Some traders are already projecting that $HYPE could break into the top five cryptocurrencies, driven by its strong narrative as a community-first, decentralized “people’s exchange.”
The token’s rally has prompted reflection among investors, some of whom express regret over underestimating similar projects like $PURR. Nevertheless, sentiment around $HYPE remains bullish, with its fundamentals and market positioning fueling long-term confidence.
Contributing to the growing buzz, over 186 crypto influencers are now actively discussing $HYPE across various platforms, signaling heightened market attention. Traders are being advised to prepare for increased volatility, as interest in high-potential altcoins accelerates alongside Bitcoin’s upward movement.
In a related development that underscores growing interest in altcoin markets, Bitget has been named the most liquid platform for mid-range altcoin trading within the 0.3% to 0.5% spread band. According to CoinGecko’s newly published 2025 State of Crypto Liquidity on CEXes report, Bitget outperformed major exchanges such as Binance, Bybit, OKX, Kraken, and Coinbase cementing its position as a key player in altcoin market depth and execution efficiency.
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