Hyperliquid’s HYPE token surged nearly 7% to around $33, dramatically outperforming a flat cryptocurrency market following the latest Federal Reserve policy decision. While Bitcoin and Ethereum traded lower as the Fed held interest rates steady, HYPE’s gains were partly buoyed by Coinbase confirming it added the token to its asset roadmap, signaling a potential future listing on the major exchange.
The Federal Reserve’s decision to maintain interest rates prompted a muted reaction across major cryptocurrencies. Bitcoin hovered near $89,000 while Ethereum slipped toward $3,000, with most large-cap assets posting marginal losses.
Against this backdrop, Hyperliquid’s HYPE token emerged as a standout performer. The asset rallied sharply, gaining nearly 7% on the day and more than 50% over the past week.
This divergence highlights a selective risk appetite among traders. Capital appears to be flowing into assets with strong momentum or specific catalysts rather than responding uniformly to macro signals.
The token’s rally gained an additional catalyst from exchange developments. Coinbase has placed HYPE on its asset roadmap, a step that often precedes broader exposure to a large investor audience.
Powell described the economy as being on “firm footing” but acknowledged elevated inflation. This reinforced expectations that monetary policy is not yet on a preset easing path.
CoinMarketCap data showed HYPE outperforming Bitcoin, Ethereum, and other major tokens. The move suggests a market increasingly focused on relative performance and opportunistic trades.
