HYPE Token Surges 10% Daily as Bitcoin Smashes Through $105K—Altcoins Ride the Wave

Bitcoin’s latest rally isn’t just padding crypto whales’ portfolios—it’s sending altcoins like HYPE into the stratosphere. The token rocketed 10% in 24 hours as BTC reclaimed the $105K threshold, proving once again that when Bitcoin sneezes, the rest of the market catches a cold (or a Lamborghini).

Meanwhile, traders are frantically rotating profits from BTC into smaller coins—because nothing says ’calculated risk’ like chasing triple-digit gains on tokens named after internet slang. The usual suspects—exchange inflows, leverage spikes, and influencer shills—are all fueling the frenzy. Just don’t ask what happens when the music stops.

Funny how these ’decentralized’ assets still move in lockstep with Bitcoin. So much for disrupting traditional finance—we’ve just rebuilt Wall Street with memes and margin calls.

BTC Stopped at $106.5K

The primary cryptocurrency tried to take down the $110,000 level on a couple of occasions last week and perhaps head toward yet another all-time high, but each attempt was halted in its tracks. The most violent rejection came on Thursday and Friday, especially after US President Trump said China had violated the trade agreement between the two economic giants.

The consequences for BTC were immediate as the asset plummeted from a Thursday peak of $109,000 to $103,100 by Saturday morning, which became a 12-day low. The bulls managed to defend that level and even helped Bitcoin recover some ground to $104,500 during the weekend.

Monday began with more volatility as BTC went up to $106,000 before it was pushed south to under $104,000. The asset jumped even further on Tuesday morning, touching $106,500 for the first time since Thursday, but it was stopped again and now trades inches above $105,000.

Its market cap sits at $2.090 trillion, while its dominance over the alts has taken a hit and is down by 0.5% daily to 61% on CG.

HYPE Ships Off

HYPE was the brightest altcoin start in the middle of May, breaking its previous all-time high and charting a new one at around $40. It retraced toward $30 next, but its run has been restarted as an 11% surge has taken it to over $36.

In terms of daily gains, HYPE has been outperformed only by ENA and WIF, as they are up by 12% and 15%, respectively. Other impressive performers from the larger-cap alts include AAVE, ICP, and PEPE.

ETH has jumped by 5% and now sits at $2,600, while SOL is close to $160 following a 3% increase.

The total crypto market cap has added around $30 billion since yesterday and is up to $3.430 trillion on CG.