Bitcoin, Ethereum, XRP Bleed, But Why Is HYPE Up Another 10%?
Posted On February 2, 2026
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) continue bleeding lower, but Hyperliquid (CRYPTO: HYPE) surged 10% after the decentralized exchange unveiled plans to add prediction markets through its HIP-4 proposal.
The Prediction Markets Play
Hyperliquid announced that HyperCore will support outcome-based trading, introducing fully collateralized contracts that settle within a fixed price range.
These contracts enable prediction markets and options-like instruments without requiring margin trading or risking liquidations.
Moreover, Hyperliquid said there’s been extensive user interest in both prediction markets and options, with builders likely to develop additional applications once the infrastructure launches.
Building on …
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