Das Kursdiagramm von Bitcoin ruft Erinnerungen an den letzten Rekordlauf wach, doch es mehren sich die Stimmen, die völlig veränderte Rahmenbedingungen sehen.
HYPE rallies 10% as Hyperliquid smashes records with $29B volume and $7.7M fees
- The DEX’s 24-hour trading volume tops $29B, the highest ever.
- The $7.7 million in daily fees indicates significant user engagement and improved liquidity.
- HYPE’s price has soared over 10% in the past day amid optimism.
Cryptocurrencies sought stability on Friday after yesterday’s hotter-than-anticipated PPI triggered a flash crash that dented most bullish setups.
Meanwhile, HYPE is leading the bounce back after soaring more than 10% in the previous 24 hours, fueled by Hyperliquid’s record-breaking trading statistics.
The decentralized exchange processed a whopping $29 billion in trading volumes and collected $7.7 million in fees within a day, hitting all-time highs in both milestones.
Hyperliquid reached new all-time highs with $29B in 24h volume and $7.7M in 24h fees. pic.twitter.com/uTs0JE5ch8
— Hyperliquid (@HyperliquidX) August 15, 2025
These figures confirm heightened activity levels and a lively user base.
For HYPE investors, such sentiments validate the DEX’s momentum and its market appeal.
The altcoin reacted to the milestone with a notable rebound.
Hyperliquid’s record-breaking figures
Trading volume is among the strongest indicators as it highlights the protocol’s health.
Hyperliquid’s $29 billion breakthrough confirms a lively market.
Intensified volumes generally highlight more traders and heightened liquidity, which increases the opportunities for fast execution and competitive pricing.
The $7.7 million in daily fees reinforces this tale.
While high charges can dent trader profitability, they also represent magnified transaction throughput and user participation.
Moreover, they fuel the native token’s economy, and most platforms tie fees into buybacks, rewards, and other user incentive mechanisms.
What’s driving the surge
The timing of Hyperliquid’s boom isn’t an accident.
The DEX has rolled out multiple upgrades to enhance performance, asset listings, and accommodate diverse traders lately.
The trading volumes and fee spikes coincide with a vital institutional development.
Two days ago, Anchorage Digital Bank added custody for Hyperliquid’s HYPE to ensure institutional-level security in HyperEVM.
The custody service allows HYPE holders to (securely) store their assets on HyperEVM.
The HYPE is real. Anchorage Digital Bank will custody @HyperliquidX’s native HYPE token, bringing institutional-grade security to HyperEVM.
If you’re looking for custody of HYPE on HyperEVM, or are a builder looking for support launching your ERC-20 on HyperEVM, send us a DM to… pic.twitter.com/oyroDD6AtT
— Anchorage Digital ⚓ Prime is Live (@Anchorage) August 13, 2025
Also, the current broad market sentiments added to Hyperliquid’s momentum.
The digital assets space remains hot as enthusiasts brace for a possible altseason.
Individuals looking to capitalize on the anticipated rallies drive the DEX’s activity.
HYPE price outlook
The native coin soared 10.78% from an intraday low of $44.62 to $49.62.
HYPE trades at $48.26 after a 15% weekly gain.
Hyperliquid’s trading volume and fee milestone triggered the latest gains.
However, faded trading volumes signal short-lived rallies for HYPE.
Bulls should flip the broader market trajectory to the upside to support the token’s momentum.
Meanwhile, a close above $49.75 might support continued uptrends past the nearest resistance at $52 to $55 all-time highs.
On the other hand, losing the support barrier at $45 could catalyze dips to the demand zone at $42.
Buyers can use this zone as a Launchpad for significant rebounds.
Nonetheless, broad market performance remains crucial in determining HYPE’s trajectory in the near term.
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Norway’s $1.6 trillion wealth fund boosts indirect Bitcoin exposure by 192% in Q2 2025
- NBIM now holds the equivalent of 7,161 BTC through listed equities.
- Institutional interest in Bitcoin grows through ETFs and corporate holdings.
- The move may signal early stages of sovereign-backed Bitcoin adoption.
Norway’s sovereign wealth fund, the largest in the world, has taken a significant step into the cryptocurrency market, increasing its Bitcoin (BTC) exposure by 192% during the second quarter of 2025.
Norges Bank Investment Management (NBIM), which manages the country’s $1.6 trillion oil-funded portfolio, expanded its holdings from the equivalent of 2,446 BTC from the June quarter in 2024 to 7,161 BTC.
The move underscores a broader shift among institutional investors who are using publicly listed equities and ETFs to gain exposure to the cryptocurrency market without holding digital assets directly.
Bitcoin exposure rises through equities and ETFs
NBIM’s largest Bitcoin exposure comes via its stake in MicroStrategy (MSTR), the biggest corporate holder of the cryptocurrency. The fund also initiated a smaller position equivalent to 200 BTC in Japan-based Metaplanet.
These holdings are reflected in the fund’s Q2 2025 13F filings, which track institutional investments in US-listed companies.
The data, compiled by analysts, highlights NBIM’s increased allocation to Bitcoin-linked equities during a period of growing global interest in the asset class.
Sovereign wealth funds are typically known for their conservative, long-term investment strategies, making this level of exposure notable.
Institutional participation strengthens
The move by NBIM comes amid rising institutional adoption of Bitcoin, driven in part by strong inflows into Bitcoin ETFs and increased corporate interest.
These products have made it easier for large investors to gain exposure without managing the complexities of digital asset custody.
Industry analysts note that sovereign wealth funds and large pension managers are beginning to explore Bitcoin as part of diversified long-term portfolios.
While NBIM has not publicly commented on its decision, the timing aligns with Bitcoin’s steady price gains over the past quarter, supported by favourable macroeconomic conditions and increased demand.
Strategic hedge potential
For NBIM, the Bitcoin allocation remains a small portion of its total assets, but it may serve as a hedge against currency debasement and geopolitical risks.
Such positioning reflects a growing recognition among large investors that Bitcoin could play a role in risk-adjusted portfolio diversification.
The increase also follows a global trend where state-backed investment vehicles cautiously test exposure to emerging asset classes, particularly those viewed as potential stores of value.
If this allocation pattern continues, the participation of sovereign funds could have a meaningful impact on Bitcoin’s market liquidity and institutional legitimacy.
Broader implications for sovereign-backed Bitcoin adoption
The developments at NBIM may signal the early stages of more widespread sovereign-backed Bitcoin adoption.
Although the current exposure is small relative to the size of the fund, the scale of sovereign wealth fund capital means even incremental moves can influence market dynamics.
As other funds monitor NBIM’s strategy, institutional activity in Bitcoin-linked assets could increase further.
For the cryptocurrency market, these flows represent a structural change in the investor base, moving beyond retail speculation to long-term, strategic capital from the world’s largest pools of wealth.
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Bitcoin überholt Google – Kurs auf 124.000 US-Dollar
Bitcoin kann Google überholen, schielt auf Apple und will als nächstes in Richtung 175.000 US-Dollar klettern.
XRP price down 3.95% in 24 hours as market liquidations exceed $1 billion
- Single-hour volume hits 436.98M units, one of Q3’s highest.
- Support holds at $3.05–$3.09 amid heavy selling.
- Resistance at $3.13 and $3.20 eyed for short-term reversal.
XRP’s price fell in the last 24 hours, sliding from $3.34 to $3.10, as cryptocurrency markets faced over $1 billion in liquidations.
The token is currently trading at $3.10, down 3.95% in the same period, after touching $3.05 — its lowest level in more than a week — before stabilising.
Heavy midday trading saw one of the largest single-hour volumes this quarter, with institutional support emerging near the lower price range.
Despite the pressure, late-session buying helped the token edge back above short-term resistance, indicating potential early accumulation from large holders.
Traders are closely monitoring whether this shift marks the start of a broader recovery or simply a pause before further declines.
Market-wide liquidations trigger steep drop
The decline was part of a broader market correction that coincided with profit-taking in US equities, shifting investor sentiment. Market-wide liquidations surpassed $1 billion, with XRP facing a midday capitulation event.
At 12:00, prices fell from $3.22 to $3.09 on heavy selling, contributing to a single-hour volume spike of 436.98 million units. This was among the largest trading bursts for the token this quarter, reflecting a high level of speculative positioning being unwound in rapid succession.
Ripple’s chief technology officer reiterated the XRP Ledger’s readiness for integration into global financial infrastructure during the downturn, offering a layer of fundamental confidence despite short-term volatility.
Price action and volatility levels
Over the 24-hour period from 03:00 on 14 August to 02:00 on 15 August, XRP saw a trading range spanning $3.34 to $3.05, representing an 8.69% volatility swing.
After the midday drop, the price traded in a narrow $3.05–$3.13 band, signalling reduced sell-side momentum. In the final 60 minutes of trading, two notable volume surges of 4.53 million and 3.76 million units emerged, suggesting renewed institutional interest at support.
Such inflows into spot markets after a sharp drop often point to strategic positioning by larger investors seeking to capitalise on discounted price levels.
Key technical levels to watch
Support has been confirmed between $3.05 and $3.09, tested repeatedly during periods of intense selling. Immediate resistance now sits at $3.13, with a secondary level at $3.20. Declining volumes after the midday spike point to liquidation exhaustion.
The recovery above $3.10 in low-liquidity conditions suggests early-stage re-accumulation could be underway, although follow-through buying above $3.13 will be needed to confirm a short-term reversal.
Factors traders are monitoring
Market participants are watching whether $3.05 will hold in the next wave of volatility, particularly if market-wide liquidations occur again.
Large-holder wallet activity is being tracked for signs of accumulation, and shifts in funding rates in XRP derivatives markets are under review for possible leveraged re-entry.
Correlation with equity markets remains important, with US Federal Reserve rate cut expectations continuing to influence risk sentiment.
As global markets remain sensitive to macroeconomic signals, cryptocurrency price action is expected to remain closely linked to investor appetite for risk assets.
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