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Sep 7, 2026 1:30 AM
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On September 7, the cryptocurrency market experienced a broad-based rally, pushing total capitalization past $2.7 trillion. Bitcoin held firmly above $80,000, while altcoins like ZEC and HYPE surged to all-time highs, entering the top ten by market capitalization. This momentum triggered $231 million in total liquidations over 24 hours, with short liquidations nearing $150 million. ZEC recorded the largest liquidations at nearly $50 million, surpassing Bitcoin and indicating that heightened market volatility is increasingly shifting from Bitcoin toward altcoins.
TradingKey – Crypto Market Surges Broadly: BTC Holds Firm Above $80,000 as ZEC and HYPE Hit All-Time Highs to Lead Altcoin Rally.
On September 7, the cryptocurrency market saw another strong broad-based rally, with total market capitalization surpassing $2.7 trillion, approaching the high of May this year. Among them, Bitcoin (BTC) strongly stood above the $80,000 mark, while driving the leading decentralized perpetual contract token HYPE (HYPE) and flagship privacy coin ZEC (ZEC) to repeatedly hit new all-time highs, sparking massive short liquidations in the derivatives market.
In the past 24 hours, over 70,000 traders were liquidated in the crypto market, with total liquidations reaching $231 million and short liquidations approaching $150 million. Notably, the token with the largest liquidation was not BTC, but ZEC, at nearly $50 million, followed by ETH, reflecting that market volatility is shifting from BTC to altcoins.
Crypto market liquidation data, Source: CoinGlass
This morning, the price of HYPE approached $90, with its market cap surpassing $22 billion; ZEC likewise surged to new highs, briefly breaking above $1,200 with its market cap exceeding $21 billion. Currently, HYPE and ZEC rank ninth and tenth, respectively, on the cryptocurrency market cap leaderboard.
ZEC price chart, Source: TradingView
This content was translated using AI and reviewed for clarity. It is for informational purposes only.
View OriginalDisclaimer: The content of this article solely represents the author’s personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article’s content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.
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