Bitwise Brings Hyperliquid One Step Closer to Reality

Bitwise's decision to file a second amendment to its application for a Hype ETF has sent shockwaves through the cryptocurrency market. Analysts believe that this move may indicate that approval is approaching, which could be a significant milestone for Hyperliquid (HYPE) investors.

The price of HYPE has been on the rise in recent weeks, with a 15% rally over the past seven days. However, the coin's price has retested a key resistance level, which may indicate short-term sell pressure.