Mild sentiment shift
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 25th May 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Bitcoin Reclaims $77,000
Renewed hopes for eventual peace between the U.S. and Iran materialized over the weekend. Crypto sentiment shifted toward bullish with Bitcoin recouping losses experienced in the early part of the weekend. After falling to as low as $74,500, the largest digital asset managed to climb back above $77,000. As of 8 a.m. (EST), BTC was about $77,300, up 0.6% since last Monday, according to CoinGecko.
A few select altcoins are leading from the front, as in, way out in front. One of them is Hyperliquid’s native HYPE which has gained 40% in the past week amidst rising volume on the platform as well as interest in a new HYPE ETF. Yesterday, the HYPE token hit an all-time-high of roughly $64, per CoinGecko.
Global equities are acting as if some form of conflict resolution agreement between the U.S. and Iran is indeed imminent. Japan’s Nikkei 225 index just hit a record high. European stocks reached their loftiest levels since early March.
The U.S. stock market is closed in observance of Memorial Day. Also, the U.K. stock market is closed for a bank holiday.
What's down
BTC ETF Exodus Extends
Since May 14, U.S. spot Bitcoin ETFs have recorded $1.55B worth of outflows. This past Friday, another $105M exited, part of a six-day losing streak. Institutions, including Goldman Sachs, a top investment bank, and Jane Street, a leading market maker, have been paring back their respective BTC ETF positions, Cointelegraph noted. Overall, for the year, BTC funds still stand in net positive territory at $536M worth of inflows.
What's next
Hyperliquid Having A Moment
What's fueling HYPE’s record run? A Bitwise-run HYPE ETF launched earlier this month and a big crypto venture capitalist began accumulating. The Hyperliquid platform has experienced surging volume that produced nearly $900M in revenue over the past year. Open interest has surpassed $8B billion. HYPE’s upward trajectory — its per-token price has doubled in three months — continues to test the intestinal fortitude of short sellers.
According to a new report from FalconX, Hyperliquid is beginning to compete with traditional exchanges and prediction market operators as it expands beyond perpetual futures trading. Recent moves into pre-IPO markets, prediction contracts and tokenized real-world assets (RWAs) are broadening the platform’s appeal beyond crypto-native traders, the report said (CoinDesk).
