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International Business Times
International Business Times
Business
Marvie Basilan

$JUP And $HYPE: The Altcoins Defying Gravity Amid A Market-Wide Downturn

HYPE Crypto altcoin Jupiter Bitcoin
Representative image of cryptocurrencies (Credit: Kanchanara/Unsplash)

KEY POINTS

  • $JUP climbed nearly 17% Monday, while $HYPE was up nearly 12%
  • Jupiter's spike may be linked to hype around the recently-concluded Catstanbul 2025 event
  • Hyperliquid trading volume exceeded $252 million Monday – some crypto users expect an incoming new ATH

A market-wide downtrend is hitting the cryptocurrency hard, with many major digital coins down since the weekend, but two altcoins are rising above the challenge, logging small but registering unquestionable gains even when Bitcoin, the world's top digital currency, is in the red.

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