The global cryptocurrency market experienced a sharp rise in valuation, adding $160 billion in total market capitalization over the past 24 hours. This growth brings the total market cap to approximately $2.88 trillion, supported by a trading volume of $106.24 billion during the same period.
The platform Hyperliquid has also seen notable activity, with its valuation reaching $91 billion. Recent data indicates that the project recorded $269 million in borrowed assets on the first day of its manual borrowing feature, while the token price hit an all-time high of $92.
Market participants are currently monitoring potential expansion plans for Hyperliquid, specifically the launch of US markets via Kraken, which remains subject to regulatory approval. Additionally, a recent long position of $4 million on the platform has been noted as a factor influencing current market sentiment.
