Hyperliquid leads 24-hour gains as altcoins pace bitcoin

Hyperliquid (HYPE) has experienced significant gains in the last 24 hours, driven by the launch of Bitwise's new spot Hyperliquid ETF and Coinbase's involvement as the official USDC treasury deployer for Hyperliquid. This surge highlights the growing interest in altcoins as they begin to outperform Bitcoin in the current market dynamics.