Hyperliquid jumps 17% while Bitcoin slips below $77,000, amid a $2.69 trillion crypto market cap and a $6.3 billion Binance hack.

Despite a broad sell‑off that pushed the global crypto market cap to $2.69 trillion, three tokens posted the week’s strongest gains. Hyperliquid (HYPE) surged 17%, MemeCore (M) rose 9% and Quant (QNT) added 7%, even as Bitcoin briefly fell below $77,000 before stabilising near its month‑long $78,000 support.

Market backdrop and liquidation pressure

• Bitcoin’s dip triggered $562 million in futures liquidations, part of a total $1.67 billion across crypto futures.
• Major altcoins fell sharply – ETH ‑ 3.9%, XRP ‑ 3.8% and BNB ‑ 6.3% in 24 hours.
• A $6.3 billion hack on Binance sparked widespread liquidations and added to the downward pressure.

Institutional interest fuels Hyperliquid’s rally

• ICE, the NYSE parent, announced a strategic investment in Trade[XYZ], giving it exclusive rights to run regulated RWA perpetual markets on Hyperliquid.
• Payward, Kraken’s owner, plans to become the first CFTC‑regulated HIP‑3 deployer for Hyperliquid, using Bitnomial for clearing and settlement.

What traders are watching next

• Bitcoin’s ability to hold above $78,000 as a key support level.
• Further developments on the Binance hack fallout and any regulatory clearance for ICE‑Trade[XYZ] platform.
• Weekly performance of meme tokens such as PEPE and LEO as they react to market sentiment.

Related news

• Binance hack sees $6.3 billion stolen, half frozen on chain
• Bitcoin theft from Binance exceeds Tesla and El Salvador reserves
• Binance hackers race to move stolen funds before freeze
• Market overview – 31 October 2026

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This article is compiled from international market news for information only. It is not investment advice.