Bitcoin cools to $75,500 after 25% rally as HYPE hits record high

Bitcoin pulled back to $75,500 after rising 25% in less than 48 hours, finding support before recovering to around $76,500. The move followed a U.S. Treasury Department announcement that helped lift bitcoin from below $65,000 to almost $80,000, its highest level in more than three months. Bitcoin’s market capitalization is close to $1.540 trillion on CG, while its market dominance has risen to just over 58%. Most altcoins declined, with XRP below $1.50, BNB under $690 and CC, XLM and SUI falling more than 5% daily. HYPE, however, surged past $82 to a fresh all-time high. PUMP gained more than 17% over 24 hours and ENA rose 8%, while TRUMP fell 33% from its peak after its team sent more tokens to exchanges. CRO and WLD each declined more than 7%. The total crypto market capitalization dropped about $100 billion from its local peak to $2.650 trillion, although it remains $400 billion higher than on Wednesday.

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