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\n\t\t\t\t\t\t\t\t\tHYPE neared its all-time high marked just over two months ago.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The cryptocurrency market was revived over the past several hours, with essentially all assets rocketing to new multi-month peaks. Some assets, though, performed better than others, including Hypeliquid\u2019s native token.<\/p>\n
HYPE surged by nearly 10% from bottom to top, tapping $71 minutes ago. It came just inches away from its June 2026 all-time high of $76 before it was stopped and pushed to just under $70.<\/p>\n
The major boost came after reports emerged that US President Donald Trump pushed the CFTC to bring Hyperliquid to the US.<\/p>\n
\nTrump says the CFTC is working to bring Hyperliquid to the US, in remarks at White House crypto summit today.<\/p>\n
Trump: \u201cI understand that Mike (Selig) is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion.\u201d<\/p>\n
\u2014 Yueqi Yang (@Yueqi_Yang) August 19, 2026<\/a><\/p>\n<\/blockquote>\n
The other notable reason behind HYPE\u2019s major rally today was the broader market\u2019s resurgence. As reported<\/a> earlier, bitcoin skyrocketed to over $69,000 for the first time since June. Ethereum followed suit with a run to $2,100; XRP is well above $1.05, and so on.<\/p>\n
The unexpected rally, given the overall market sluggishness over the past few weeks, resulted in well over $1 billion in liquidations from over-leveraged traders.<\/p>\n
The most likely reason for the spectacular Wednesday run came after the US Treasury announced increased<\/a> liquidity-support buybacks for government bonds, impacting the broader financial market.<\/p>\n
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