Hyperliquid's HYPE rose more than 11% to nearly $89 in early Friday Asian trading, posting the strongest gain among major tokens, according to CoinDesk data. Zcash's ZEC climbed 8% to roughly $1,472, while Solana's SOL gained 6% to just above $106. BNB and Dogecoin each rose about 4%, and XRP, ether, and bitcoin advanced 2%. TRX lagged the session, gaining less than 1%.
Bitcoin traded just below $78,000 after dipping to $75,972 during U.S. hours, erasing the overnight decline and marking a third consecutive day of gains. Total cryptocurrency market capitalization rose 2% to approximately $2.66 trillion.
None of the 40 most liquid coins posted losses over the period, said Alex Kuptsikevich, chief market analyst at FxPro. He noted traders are "cautiously shifting their focus towards altcoins," even though the altcoin season index remains subdued. Among the stronger performers, NEAR led at 30%, followed by Uniswap's UNI at 26% and Aptos' APT at 18%.
The market move coincided with rising equities and a broader appetite for risk, coming a day after the Federal Reserve's quarter-point rate increase passed without the reaction traditional markets had anticipated. Bitcoin now faces the upper boundary of its established trading range near $82,000. Kuptsikevich expects profit-taking ahead of the weekend to delay any push into that level.
