HYPE Surges by 9% to Reach $20, as Bitcoin Price Bounces Back to $95K (Market Overview)

Bitcoin's price recently bounced back to nearly $95,000, following a dip towards the lower end of its current consolidation range. Over the past week, BTC's price has been oscillating between $93,000 and $95,000, sparking speculation of an imminent breakout.

Meanwhile, most larger-cap altcoins have seen minimal movement, mirroring BTC's performance. However, notable exceptions include HYPE and PI, which recorded impressive gains over the past 24 hours. Specifically, HYPE surged by 9% to reach $20.

The total crypto market cap has increased by over $25 billion since yesterday, hitting a high of $3.075 trillion.