HYPE Hits $71 After Trump Backs Hyperliquid US Expansion

Hyperliquid saw a major price jump today, with its native token HYPE climbing nearly 10 percent to reach $71. The rally occurred after President Donald Trump confirmed that the CFTC is working to bring the platform into the United States. During a White House crypto summit, Trump highlighted efforts to ensure the protocol enters the American market through a legal and compliant path.

This price action arrives during a broad market recovery that has lifted assets across the board. Bitcoin recently climbed past $69,000, while Ethereum and XRP also posted significant gains. These moves caught many traders off guard, leading to more than $1 billion in liquidations for those betting against the market trend.

Market analysts point to a Treasury announcement regarding liquidity support for government bonds as a major catalyst for today's excitement. With HYPE approaching its all time high of $76, traders are keeping a close eye on regulatory updates to see if the platform can successfully secure a foothold in the US.