Hyperliquid leads the cryptocurrency market, with altcoins outperforming Bitcoin in gains

As market risk appetite rebounds, altcoins have recently outperformed Bitcoin overall, with the Hyperliquid ecosystem token HYPE leading the 24-hour gains. Data shows that funds are shifting from Bitcoin and Ethereum to high-volatility assets, driving up certain DeFi and trading platform-related tokens. Analysts point out that improved risk sentiment among traders and active derivatives markets are important reasons for the recent outperformance of altcoins against BTC.