Hyperliquid: Trump Bill Push Lifts HYPE 20%
Hyperliquid HYPE jumps 20% after Trump urges Congress crypto bill and hints at regulating the perpetual futures DEX, with Bitcoin and ether also surging.
SourceAnalysis
Bitcoin, ether and HYPE surged after President Donald Trump called on Congress to pass legislation supporting the sector while signaling potential oversight for Hyperliquid, the onchain perpetual futures venue that launched mainnet ahead of its November 2024 airdrop.
The Hyperliquid token climbed roughly 20% in 24 hours on CoinGecko data as traders positioned for clearer U.S. rules on decentralized derivatives platforms.
At $71.97 the token presses the upper Bollinger Band at $72.42 while RSI(14) sits at 83.87, flashing overbought conditions; with the MACD golden cross still intact, a measured pullback toward the EMA50 support at $60.08 looks probable before the next leg higher in this bullish structure.
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