Bitcoin Holds Near $78K As HYPE And ZEC Explode

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Bitcoin (BTC) continued its recovery on May 21, briefly approaching $78K before pulling back slightly, whereas several altcoins posted much stronger gains. HYPE surged more than 20% over the past 24 hours and ZEC climbed above 14%, which made them the standout performers among larger digital assets. The move comes as the wider crypto market remains firmly in positive territory after Bitcoin’s rebound from this week’s drop toward $76,000.

Bitcoin Recovery Pauses Below Key Resistance

Specifically, Bitcoin spent most of the past 24 hours trading in a relatively tight range between roughly $77,000 and $78,000. According to the latest market data on May 21, BTC reached nearly $78,000 before meeting resistance and slipping back toward $77,800.

It’s currently trading at the price of $77,825.80, which reflects a 0.5% gain on the day, a decline of 2.5% across the week, and an increase of 2.4% over the past month, per the most recent chart information.

The recovery follows a volatile stretch that saw Bitcoin lose more than $6,000 from last week’s highs above $82,000. Sellers briefly pushed the asset down to around $76,000 earlier this week, its lowest level in more than three weeks, before buyers stepped back in.

Despite the rejection below $78,000, the latest chart shows higher intraday lows and steady buying pressure throughout the session. Bitcoin remains comfortably above $77,000, suggesting bulls are attempting to build momentum for another challenge of the $78,000 level.

Ethereum (ETH) remains comparatively quiet near $2,134, and XRP traded around $1.38 with modest gains. BNB held above $655 and Solana (SOL) advanced more than 2% to continue its gradual recovery.

HYPE And ZEC Take Center Stage

Though Bitcoin consolidated, traders focused on a handful of altcoins posting outsized gains.

Hyperliquid (HYPE) was the strongest performer among major assets, jumping about 21% to around $58.50. The rally pushed the token close to fresh record territory and made it one of the best-performing large-cap cryptocurrencies of the day.

Zcash (ZEC) followed with a gain of more than 14%, climbing above $666 and extending its recent momentum. Toncoin (TON) also attracted attention after rising more than 5%, and SUI gained nearly 6%.

Most of the wider market remained green. Dogecoin (DOGE) added around 1.8%, Bitcoin Cash (BCH) rose 1.7%, Chainlink (LINK) gained nearly 1%, and Stellar advanced about 1.5%. Cardano (ADA) was one of the few notable laggards, slipping slightly into negative territory.

All things considered, Bitcoin remains the market’s focal point for now. A clean move above $78,000 could improve sentiment further, but traders are closely watching whether the asset can overcome resistance that has repeatedly capped recent rallies.