Let’s take a closer look at how the crypto market is preparing to close September.
Hyperliquid (HYPE) rose 6.41% in 24 hours following the launch of Hypurr NFTs. Meanwhile, trading activity picked up, and attention turned to the key $50 resistance level.
At press time, HYPE is trading at $47.64. The rally takes place after a week of mixed performance, where prices slipped to a low of $43 before rebounding.
Over the past 30 days, HYPE is up 7.64%. However, the token is still trading about 20% below its all-time high of $59.30 that was reached on Sept. 18.
As 16 applications are waiting for the decision from the US SEC, Nate Geraci, president of NovaDius Wealth Management, claimed that the coming weeks will be “enormous” for spot crypto ETFs.
The SEC’s rulings could unleash a wave of new crypto exchange-traded funds tied to major altcoins such as Solana (SOL), XRP, Litecoin (LTC), and even Dogecoin (DOGE). Each application has a final deadline scheduled across the month.
Bitcoin is trading at $111,721 (+2% over the last 24 hours) and nearing the key resistance level at $112,500 after a sharp weekend rally.
Improved market sentiment has fueled this momentum. If sustained, the trend could see BTC break above $112,500 and aim for $115,000, helping it recoup recent losses and restore investor confidence.
