Hyperliquid: why HYPE is up 13 percent while Binance pauses withdrawals

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.HYPE trades at $89.42, up around 13 percent, while bitcoin loses 4.1 percent and ether 5.3 percent. The trigger is the withdrawal halt at Binance: we counted all 235 markets on Hyperliquid and show what the inflow really means for volume, open interest and funding costs.Add as a preferred source on GoogleFollow on Google NewsThe HYPE price stands at $89.42, around 13 percent above its level 24 hours ago, while bitcoin has lost 4.1 percent and ether 5.3 percent. The reason lies not in the token itself but in the trading venue behind it: Binance halted deposits and withdrawals overnight, and trading volume on the perpetuals exchange Hyperliquid has risen to $15.0 billion in 24 hours. This article sets out what is established, what remains open and what matters for you as an investor in Germany. HYPE rises 13 percent while bitcoin and ether slip The price move can be read in two places, and the figures differ slightly. According to CoinGecko market data, HYPE is at $89.42, 13.2 per...