HYPE emerges as a standout winner as post-FOMC crypto market drifts

Hyperliquid’s HYPE token has emerged as one of the strongest performers in the crypto market, rallying sharply even as broader digital assets showed a muted response to the Federal Reserve’s latest policy decision and Chair Jerome Powell’s press conference.

While the Federal Open Market Committee left interest rates unchanged and signalled a data-dependent path ahead, the announcement failed to spark a meaningful directional move across major cryptocurrencies. 

Bitcoin and Ethereum traded lower on the day, while most top-10 assets remained range-bound, underscoring a cautious market tone.

Against that backdrop, HYPE’s outperformance has stood out.

Fed decision leaves crypto market drifting

On Wednesday, 28 January,…

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