Hyperliquid's HYPE Soars to a Two-Month Peak, Bitcoin (BTC) Touches $89K: Market Overview

Bitcoin's price has been gradually recovering, reaching $89,500 before facing resistance and settling around $89,000. Meanwhile, Hyperliquid's HYPE token outperformed most larger-cap altcoins, skyrocketing 25% to reach a multi-month high. After a significant drop last week due to geopolitical tension, Bitcoin tried to regain some of its losses, but it fluctuated around $89,000 for most of the weekend. However, the past 24 hours reflected a slight positivity as the asset bounced back from $87,500 to $89,500, marking a four-day high. Despite this, Bitcoin's market dominance over altcoins dropped to 57.3%. Amid this, HYPE saw its price doubling and hitting over $34 for the first time in nearly two months. As a result, the total crypto market cap added over $50 billion daily, reclaiming the $3.1 trillion level.