Hyperliquid (HYPE) Near Record High as BitGo Integration Fuels Institutional Demand - Coinedict

Hyperliquid (HYPE) trades near $50 after a $51.50 peak, backed by BitGo’s HyperEVM integration, institutional interest, and bullish technical signals.

Altcoin season is showing signs of life — and Hyperliquid (HYPE) is one of the standout names. Despite market volatility, the token has held close to its all-time high, signaling strong momentum from both retail and institutional players.

Hyperliquid (HYPE): Trading Near $50 After Fresh Peak

Hyperliquid (HYPE) is trading around $50, just shy of its recent peak of $51.50. The token’s resilience comes as liquidity and speculative flows continue to concentrate on infrastructure projects rather than across the broader altcoin market.

Market data shows record futures open interest of $2.23 billion, highlighting sustained trader activity and growing conviction. Daily volumes remain elevated, reinforcing the idea that HYPE is not a fleeting narrative but a token with sticky demand.

BitGo Integration Boosts Ecosystem Credibility

A major catalyst for HYPE’s rise came from BitGo, which announced support for HyperEVM, a smart contract layer compatible with Ethereum.

Through this integration, institutional investors gain access to:

• Qualified custody solutions
• Secure wallets and policies with whitelists and transaction limits
• Regulated pathways to HYPE exposure

This development significantly strengthens Hyperliquid’s credibility, especially at a time when regulators worldwide are scrutinizing crypto custody and compliance. For investors, the presence of a trusted custodian like BitGo provides an additional layer of security and transparency.

Technical Signals Show Bullish Bias

Beyond fundamentals, technicals continue to favor the bulls:

• MACD remains on a strong buy signal.
• RSI sits around 65, cooling off after briefly entering overheated territory.
• If RSI climbs above 70 again, analysts expect a fresh push that could send HYPE to new highs.

Traders are closely watching these levels as potential entry points for the next leg up.

Market Outlook: Bullish But Cautious

While HYPE’s momentum looks strong, the broader macro environment — including inflation trends and regulatory shifts — will influence its trajectory. A break above $51.50 could trigger price discovery, but cautious investors are mindful of potential volatility ahead.

With institutional adoption, strong futures activity, and favorable technicals, Hyperliquid (HYPE) is shaping up to be one of the key tokens to watch in this phase of altcoin season.