Hyperliquid has just outrun everything. HYPE opened the daily candle at $58.52, ran to a high of $72.16 and closed at $71.39, up 22.03%. From the intraday low of $57.96 to the high, that is a 24.5% range in a single session.
HYPE price today in USDFor context: Bitcoin gained 6.20% today and Ethereum 9.51%. $HYPE did more than three times Bitcoin's move and is the clear top-ten leader.
Why are Cryptos up today
The trigger came from the bond market, not from crypto. The US Treasury announced it will at least double its buyback operations for long-dated government debt, from $2 billion to at least $4 billion per operation, starting 9 September. Long-end yields fell immediately, the dollar weakened, and traders labelled the move "QE Lite."
The logic is simple. All year, a 30-year Treasury paid over 5% risk-free while crypto p...
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