HYPE Skyrockets Past $70 as Trump Reveals CFTC Push for Hyperliquid’s US Entry
The cryptocurrency market was revived over the previous a number of hours, with primarily all property rocketing to new multi-month peaks. Some property, although, carried out higher than others, together with Hypeliquid’s native token.
HYPE surged by practically 10% from backside to high, tapping $71 minutes in the past. It got here simply inches away from its June 2026 all-time high of $76 earlier than it was stopped and pushed to simply beneath $70.
The main enhance got here after reviews emerged that US President Donald Trump pushed the CFTC to deliver Hyperliquid to the US.
Trump says the CFTC is working to deliver Hyperliquid to the US, in remarks at White House crypto summit at this time.
Trump: “I perceive that Mike (Selig) can be working to deliver Hyperliquid into the United States in a totally compliant and authorized trend.”
— Yueqi Yang (@Yueqi_Yang) August 19, 2026
The different notable purpose behind HYPE’s main rally at this time was the broader market’s resurgence. As reported earlier, bitcoin skyrocketed to over $69,000 for the primary time since June. Ethereum adopted go well with with a run to $2,100; XRP is nicely above $1.05, and so forth.
The sudden rally, given the general market sluggishness over the previous few weeks, resulted in nicely over $1 billion in liquidations from over-leveraged merchants.
The almost definitely purpose for the spectacular Wednesday run got here after the US Treasury introduced increased liquidity-support buybacks for authorities bonds, impacting the broader monetary market.
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