Bitcoin bounces very fast, Hyperliquid keeps climbing

After the strong pullback of late May and early June (which dropped the price of Bitcoin from $75,000 to $59,000), Bitcoin has recorded a fairly decisive bounce. After four days of positivity, Bitcoin briefly touched $67,000 on Tuesday.

The altcoins are following suit, and the growth of Hyperliquid is (yet again) particularly striking.

Hype

It was Arthur Hayes, the best Bitcoin forecaster of recent years and one of the first crypto billionaires, who seemed to deliver the killing blow to the crypto market on June 4th.

Hayes stated that he had closed his positions in Hype and Near because he was convinced that the crypto market would continue to fall. It did indeed, but by then the end of the decline was already near.

By now, the crypto market has started recovering, helped in part by geopolitical circumstances (the peace deal between Iran and the United States is causing a drop in oil prices) and the fact that some larger investors perceive certain altcoins as cheap.

Investors bought around 300,000 Bitcoins over the past week (between the low of $59,000 and the temporary high of $67,000 on Tuesday), indicating strong renewed interest.

In particular, the strong bounce of Hyperliquid, which is now trading higher again than before the brief crypto crash of the past few weeks, makes it seem as if nothing happened.