Hyperliquid (HYPE) Hits New All-Time High, Bitcoin (BTC) Cools Off: Weekend Watch

After gaining $15,000 in a few days, bitcoin was primed for a correction, and the asset has cooled off with a dip to $75,500, where it found some support.

Most altcoins are also slightly in the red on a daily scale. HYPE, though, continues to defy the odds and has charted a fresh all-time high of over $82.

BTC Slides

Bitcoin struggled below $65,000 for weeks until Wednesday afternoon. Then, one US Treasury Department announcement sent shockwaves throughout the market, and BTC led the charge. The asset exploded to $70,000 within a few hours before the bulls took complete control of the market and initiated a few more legs up.

The culmination took place on Friday when the largest cryptocurrency spiked to almost $80,000 for the first time in over three months. However, after skyrocketing by 25% in less than 48 hours, BTC was due for a pullback.

At first, the bears pushed it south to $76,200, but bitcoin bounced off and tapped $79,000 once again on Saturday morning. It couldn’t keep climbing, though; it slipped to $77,000 later that day and dipped to $75,500 on Sunday morning amid reports that Wintermute has gone heavily on the short side.

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