Elon Musk

<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights:</strong></h3>
<ul>
 <li>HYPE crypto price rose 16.43% to $93.57 as daily volume jumped 200.1% to $2.25 billion.</li>
 <li>Elon Musk replied, “Interesting,” as the proposed U.S. market awaits CFTC approval.</li>
 <li>HYPE faces resistance near $95, with a chart target of $100.50 and support at $76.60.</li>
</ul>
<p>HYPE crypto price rose by 16.43% to $93.57 over the past 24 hours. The rally coincided with plans for a U.S. perpetual futures market using Hyperliquid’s infrastructure.<a href="https://x.com/elonmusk" rel="noopener noreferrer nofollow"> Elon Musk</a> responded to<a href="https://x.com/standuquesne" rel="noopener noreferrer nofollow"> Stan Druckenmiller</a>’s X post about investing in Trade[XYZ], which announced the project with ICE.</p>
<h2 id="h-hype-crypto-price-surges-as-daily-volume-reaches-2-25-billion" class="wp-block-heading"><strong>HYPE Crypto Price Surges as Daily Volume Reaches $2.25 Billion</strong></h2>
<p>According to <a href="https://coinmarketcap.com/currencies/hyperliquid/" rel="noopener noreferrer nofollow">CoinMarketCap data</a>, the HYPE crypto ranked ninth by market capitalization, at $23.73 billion. That valuation rose by 16.43%, while daily volume climbed by 200.1% to $2.25 billion. Hyperliquid price initially hovered around $80 before declining toward $78–$79.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img width="1024" height="366" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/dbef10a01815a02a308de242f24448c4998fc45a90387260f6bb3a9c52df663f-1-1024x366.png" alt="HYPE crypto price movement over the past 24 hours | Source: CoinMarketCap">
  <figcaption>
   HYPE crypto price movement over the past 24 hours | Source: CoinMarketCap
  </figcaption>
 </figure>
</div>
<p>HYPE remained below $80 for several hours before an advance carried it through $85 and above the $90 level. The HYPE crypto price rally then extended beyond $95 before a pullback left the displayed price at $93.57.</p>
<h2 id="h-elon-musk-responds-as-ice-plans-a-u-s-futures-market" class="wp-block-heading"><strong>Elon Musk Responds as ICE Plans a U.S. Futures Market</strong></h2>
<p>Stan Druckenmiller tweeted on October 29, 2026, that he is excited to invest in Trade[XYZ] and anticipates using its product in his investment process. Elon Musk replied “Interesting” to that statement on X. However, the proposed market still requires <a href="https://www.thecoinrepublic.com/2026/08/27/hyperliquid-news-platform-seeks-cftc-approval-to-launch-us-energy-perpetuals/" rel="noopener noreferrer nofollow">CFTC approval</a>.</p>
<p>The planned contracts would run around the clock, including periods when traditional markets close. Trade[XYZ] said its existing markets provide continuous price discovery across stocks, indices, and commodities.</p>
<p>The proposed U.S. offering would use dedicated exchange and clearing infrastructure built on Hyperliquid, and the native native HYPE crypto price also reflects market interest in the ecosystem.</p>
<p>Under the <a href="https://x.com/HyperliquidX/status/2115782848192118861?a=XXz9p92LEzZmTwzEr_Q&amp;s=20" rel="noopener noreferrer nofollow">announced</a> structure, Hyperliquid would supply infrastructure through HIP-3, while Trade[XYZ] would design and implement markets. ICE would operate the regulated market and clearing structure. Planned contracts cover equities, indices, commodities, foreign exchange, and crypto.</p>
<p>Participants would access the U.S. market through participating brokers and platforms, according to Trade[XYZ].</p>
<p>The company said product details, eligibility, and timing would follow as approvals progress. ICE also plans a strategic investment in the perpetuals platform, alongside Druckenmiller’s participation.</p>
<p>Meanwhile, Trade[XYZ] said its <a href="https://www.thecoinrepublic.com/2026/05/16/hyperliquid-crypto-scrutiny-grows-as-cme-and-nyse-raise-market-pressure/" rel="noopener noreferrer nofollow">Hyperliquid market</a> surpassed $650 billion in volume within just over a year. Its existing HIP-3 markets will remain unchanged under the announced arrangement. The company plans to develop the U.S. market alongside those operations.</p>
<p>Hyperliquid described its role as a neutral infrastructure layer, with deployers retaining control and responsibility for their markets. It said HIP-3 operators would remain independent, as existing HIP-3 deployers do. ICE operates the NYSE and other exchanges and clearing houses.</p>
<h2 id="h-hype-crypto-price-rebound-puts-100-50-chart-target-in-focus" class="wp-block-heading"><strong>HYPE Crypto Price Rebound Puts $100.50 Chart Target in Focus</strong></h2>
<p>Separately,<a href="https://x.com/TechCharts" rel="noopener noreferrer nofollow"> Aksel Kibar</a>’s daily KuCoin HYPE/USDT chart showed a rebound from support near $76.60. The chart displayed $91.05, with a $100.50 target approximately 10.4% higher. Earlier peaks around $95 marked the next visible resistance area.</p>
<p>Kibar had previously identified the area as an inflection point and highlighted the possibility of a rebound. The chart placed horizontal support near the intersection with a rising trendline connecting several lows. Price had previously broken above $76.60 and then returned to test that level.</p>
<p>The subsequent rebound showed that former resistance acted as support on the supplied chart. However, a move beyond recent highs would strengthen the chart’s case for a test of $100.50. That level remains a projection, and the chart provides no volume data to assess participation.</p>
<p>For the HYPE crypto price, the lower marked support levels are $52.70 and $44.80. Those levels become relevant if the price breaks below $76.60 and the rising trendline.</p>
<p><em><strong>Note: Cryptocurrency prices are highly volatile; this content is not financial advice. Past performance does not guarantee future results. Always consult a certified financial professional before making any investment decisions.</strong></em></p>
<p>The post <a href="https://www.thecoinrepublic.com/2026/10/30/hype-crypto-price-rallies-16-as-musk-calls-project-interesting/" rel="noopener noreferrer nofollow">HYPE Crypto Price Rallies 16% as Musk Calls Project ‘Interesting’</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

HYPE Crypto Price Rallies 16% as Musk Calls Project ‘Interesting’

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