HYPE steers a cautious crypto rebound as traders brace for a volatility breakout Cryptocurrency markets showed tentative signs of recovery on Thursday as traders appeared to position for a potential volatility breakout. Bitcoin (BTC) was trading around $77,900, recovering from Tuesday’s low near $76,100. Ether (ETH) held at about $2,130 after a modest 0.1% gain since midnight UTC. Altcoins delivered a mixed picture. Hyperliquid (HYPE) stood out, climbing for a fifth consecutive day — up 6.5% on Thursday and an impressive 53% over the past week. Meanwhile, privacy-focused tokens surrendered some of Wednesday’s gains, tempering broader altcoin momentum. Traditional markets helped the risk-on tone: U.S. equities snapped a three-day slide on Wednesday, with the S&P 500 rising 1.5% as investors reacted to a strong earnings beat from Nvidia. The chipmaker reported record quarterly revenues of $81.62 billion, fueling optimism across tech and risk assets. Oil prices slipped after U.S. President Donald Trump said a peace deal with Iran was in its “final stages,” a development that also supported appetite for risk. Traders will be watching whether the crypto rebound gathers steam or stalls, with spot price action, macro headlines and earnings flows likely to dictate the next directional move. Read more AI-generated news on: undefined/news