Bitcoin Stalls At $78K While Hyperliquid, Zcash, Ethena Ride Fresh Catalysts

• Bitcoin fell as Ethereum, Hyperliquid, Zcash and Ethena outperformed the apex cryptocurrency.

• HYPE’s worth rose after Bloomberg reported that Hyperliquid Labs was negotiating with Payward to offer perpetual futures to U.S. merchants.

• Zcash continued the rally from the prior week boosted by Grayscale’s launch of the primary U.S. spot Zcash exchange-traded fund on NYSE.

Bitcoin (BTC) traded flat whereas Hyperliquid (HYPE), Zcash (ZEC) and Ethena (ENA) outperformed the highest cryptocurrency on Tuesday, as every token rode its personal catalyst regardless of the broader market pulling again.

Bitcoin’s worth rose 0.1% within the final 24 hours, whereas Ethena’s worth led the good points amongst main altcoins, rising over 7%, whereas Zcash and Hyperliquid gained greater than 2% in the identical time-frame.

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The rally in altcoins got here amid token-specific developments, starting from regulatory talks to a brand new exchange-traded fund (ETF) launch and shaping worth motion throughout particular person tokens over the previous week.

Hyperliquid Positive factors On US Entry Talks

Hyperliquid’s HYPE token climbed after Hyperliquid Labs was reportedly in superior talks with Payward, the mother or father firm of Kraken, to deliver the platform’s perpetual futures to U.S. merchants.

In response to the Bloomberg report, registered customers of Payward’s Bitnomial change, a U.S.-regulated derivatives venue, would achieve entry to a subset of perpetual futures tied to Hyperliquid’s markets.

Zcash Hits Multiyear Excessive On ETF Debut

Privateness coin Zcash had its best month since October 2025, buying and selling at $855 on the time of writing. The rally follows a previous uptick within the token’s worth after Grayscale transformed its Zcash Belief into the primary U.S. spot Zcash exchange-traded fund.

The fund, buying and selling below the ticker “ZCSH” on the New York Inventory Change (NYSE) Arca, will give conventional traders direct publicity to ZEC for the primary time by means of a traditional brokerage account somewhat than requiring direct custody of the token.

Ethena Rises On Funds App Launch

ENA additionally rose after Ethena Labs launched the beta of Ethena Pay, a self-custodial cash app constructed on Avalanche (AVAX).

The app built-in Ethena’s USDe stablecoin and gave customers as much as 6% annual yield on balances together with as much as 10% cashback at choose manufacturers for top-tier members.

It rolled out throughout 48 international locations excluding the U.S. and European Union, for now.

Wintermute Flags Key Ranges Into September FOMC

Bitcoin closed final week flat, up simply 0.10%, after a 23% transfer the week prior, with the $82,000 stage rejecting repeated makes an attempt to interrupt larger.

Wintermute stated in a market replace that Federal Reserve Chair Kevin Warsh’s hawkish Jackson Hole keynote was the catalyst that pushed September price hike odds to just about 62%. The market maker famous that under-allocated traders have been nonetheless giving worth assist, with $75,000 and $82,000 marking the important thing ranges to observe heading into the mid-September Fed assembly.

Bitcoin’s worth rose by 0.3% within the final 24 hours, buying and selling at $78,229. On Stocktwits, it was one of many prime trending tickers. Retail sentiment round BTC moved to ‘impartial’ from the ‘bullish’ zone, whereas chatter round it shifted to ‘regular’ from ‘excessive’ over the previous day.

On Stocktwits, ENA was among the many prime trending tickers alongside BTC. Retail sentiment ZEC, HYPE and ENA stayed within the ‘bullish’ zone over the previous day.

Learn additionally: HOOD Stock Caps Strongest Rally In Six Months: Morgan Stanley Turns ‘Overweight’ On ‘Evidence’ Of Growth Beyond Crypto

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Anushka Basu has no place in any of the shares talked about on this article. StockTwits’ information group content material is for informational functions solely and isn’t supposed as funding recommendation. For extra, see our editorial policy. This text was initially printed on StockTwits.

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