Bitcoin soared to a new all-time high of $118,859, boosting crypto-related stocks significantly:
• Coinbase jumped 9% (up 50% YTD)
• MicroStrategy surged 12% (up 45% YTD)
• Bitcoin miners like MARA gained 12%
• BlackRock's IBIT ETF reached $80B AUM faster than any ETF in history
What's driving this rally?
Here are my quick guesses
1. Increased institutional adoption
2. Hopes for interest rate cuts
3. Trump's crypto-friendly endorsements
The recent price action shows BTC consolidating around $117,600 after hitting these highs, with healthy trading volume suggesting continued interest.
$HYPERLANE also experienced a price surge of about 481.82%
Could this be listing hype or it is from actual investor interest?
Maybe it is because of the experience you have had with memecoins but truth be told Hyperlane is not a memecoin, it is an interoperability layer designed to connect modular Blockchain, this is why it is different, with the token trading on top CEXs with $70M Mcap, am sure it is a good hold.