Why Crypto Market is Up Today? Hyperliquid Crypto, BTC Value, Ripple XRP News, Pi Network News

World Liberty Fi (WLFI), the Trump-affiliated crypto project, is launching a test airdrop of its USD1 stablecoin to WLFI token holders. USD1 is backed by U.S. Treasuries and custodied by BitGo, with transfers tested on Ethereum and BNB Chain via Wintermute. The airdrop aims to validate WLFI’s distribution mechanism ahead of a broader rollout. Exact amounts remain undisclosed, but eligibility favors presale investors. Meanwhile, controversy surrounds WLFI’s $550M raise, with $390M reportedly tied to a Trump-linked entity and increased regulatory scrutiny underway.

Hyperliquid (HYPE) has jumped 17.74% in the past 24 hours, now trading at $12.06. Its market cap has reached $4.03 billion, with trading volume spiking over 40% to $223.89 million. Currently ranked #26, HYPE is gaining strong momentum as the overall crypto market shows signs of a solid rebound.

Crypto prices rallied today driven by investor optimism, rising institutional demand, and positive macro signals. Despite a sharp 5.5% dip, Bitcoin bounced back near $80K. Around $1.5B in bullish crypto bets were sold—the highest in 2025—raising concerns of continued option market pressure. Altcoins like Solana and Cardano led gains, fueling bull run hopes. Traders now eye the upcoming US CPI data for further market direction.