The post HYPE Crypto Pulls Off Double-Digit Gains Fueled By Large Spot Buys appeared on BitcoinEthereumNews.com.

Key Insights: HYPE crypto surged 11% as spot inflows pushed the price from $28 to nearly $35. $720 million in weekly capital inflows made Hyperliquid the top blockchain for new liquidity, while futures open interest jumped to $1.4 billion. Bullish derivatives positioning and strong on-chain growth have traders eyeing Fibonacci targets as high as $57. Hype crypto investors are in celebratory mode this week as the token extends bullish momentum. Meanwhile, the Middle East flare-ups jacked oil prices to $120 a barrel. HYPE crypto price surged 11.2% in the past 24 hours, hitting $34.92 from a $28 base. This upside was backed by massive spot inflows that soared to the highest levels in months. Traders have piled in with over $720 million in net capital over the week according to Artemis data. This made Hyperliquid the top blockchain for inflows. This retail-fueled pump has outpaced the top 50 cryptos, drawing attention as spot volumes reached $177 million daily. Why is HYPE Crypto Price Rising? Hyperliquid’s native token, HYPE crypto, surged on 2 March, defying broader market weakness. HYPE was the best performing token among the top 50, followed by JUP (+10% ) and ZEC (+9.3%). The rally was driven by real utility, not just hype, as traders flocked to the platform amid global chaos. Price has climbed from $28 support, smashing through $35 resistance with conviction. Sources show the current Middle East tensions may have had a part to play in the spike in Hyperliquid price. The Hyperliquid CL-USDC perpetual contract, which tracks West Texas Intermediate crude oil, overtook Ether token trading on the platform. This happened as the oil futures jumped more than 30% to nearly $120 a barrel on traditional exchanges on Monday. This came in the aftermath of the rising tensions in the Middle East that have…

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Filed under: News - @ March 11, 2026 8:26 am