The crypto market sees a fresh surge in momentum, with DeFi tokens outperforming while Bitcoin consolidates. Discover the drivers behind today’s price action and what investors should watch next.

📈 Market Overview: Total Crypto Market Cap Hits $3.12 Trillion

The global cryptocurrency market capitalization climbed by 2.2% in the past 24 hours, reaching $3.12 trillion, according to CryptoNews. An impressive 90 out of the top 100 coins are in the green, signaling broad market participation in the current rally.

🪙 Bitcoin Stalls Below $90K Amid Liquidity Wall

Bitcoin (BTC) remains under pressure, stuck below the psychologically important $90,000 resistance level. Despite a short-lived breakout attempt, sell-side liquidity near $89,500 has capped gains. BTC is trading sideways, reflecting investor caution even as altcoins surge. (Source)

🚀 Hyperliquid (HYPE) Leads with 65% Weekly Rally

Hyperliquid (HYPE) is the standout performer of the week, soaring 65% to hit a near two-month high at $34.5. The move follows weeks of consolidation and reflects growing interest from derivatives-focused traders. Analysts suggest the token’s fundamentals and on-chain metrics support the rally. (Full story)

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📊 Pudgy Penguins (PENGU) Defies Sentiment Drop

PENGU, the meme coin linked to Pudgy Penguins NFTs, is up 7.7% in the last 24 hours and almost 18% over the past four days. This rally comes despite a 95% drop in social sentiment, signaling potential divergence between community buzz and price performance. As meme coins regain traction, PENGU is one to watch. (Explore the analysis)

💼 Bitwise Prepares for Uniswap ETF Launch

Despite ongoing volatility in the broader market, asset manager Bitwise has taken initial regulatory steps toward launching a Uniswap (UNI) Exchange-Traded Fund (ETF). The trust was registered in Delaware, suggesting long-term faith in DeFi’s scalability and institutional interest—even as Bitcoin and Ethereum ETFs see outflows.

💡 CTA: Explore our beginner’s guide to crypto ETFs and how they can diversify your portfolio—read it here.

🔍 Key Market Takeaways

• Crypto market cap up to $3.12 trillion; majority of coins in the green
• BTC remains below $90,000 due to heavy resistance at $89,500
• Hyperliquid (HYPE) up 65% weekly – top gainer among DeFi tokens
• PENGU outperforms meme coin peers despite weak sentiment
• Bitwise moves toward launching a UNI ETF, signaling DeFi optimism

🧠 Final Thoughts

While Bitcoin struggles to break new resistance, the broader market—especially DeFi and meme coins—is showing signs of optimism. With ETF developments and token breakouts capturing attention, investors should watch for capital rotation and upcoming macro triggers.

Stay informed, act smart, and manage risk – the next move could be decisive.