BTC Stabilizes Near $77K as HYPE And M Surge

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Bitcoin (BTC) is attempting to recover at $77K after a brutal weekend sell-off pushed the asset to its lowest level in more than three weeks. The wider crypto market has started stabilizing after heavy liquidations and panic selling earlier this week, with several major altcoins now returning to the green. Though BTC and ETH are still trading below key resistance levels, momentum has shifted back toward selective altcoins including Hyperliquid (HYPE), Zcash (ZEC), Toncoin (TON), and MemeCore (M).

Bitcoin Holds Above $76K After Sharp Pullback

Indeed, Bitcoin spent much of the past two weeks struggling to decisively break above the $82,000 resistance zone. Multiple breakout attempts failed, including one triggered by optimism surrounding the Senate Banking Committee’s advancement of the CLARITY Act.

The repeated rejection eventually turned into a sharp correction. BTC first lost the $80,000 level late last week before plunging toward $76,000 during May 18 trading, marking its lowest price since the beginning of May.

However, buyers finally stepped in around that support zone. Bitcoin has since stabilized near $77,000 and was trading around $76,970 at the time of writing on May 19, based on the latest market data.

Despite the rebound, BTC remains stuck below major resistance, with traders closely watching whether the asset can reclaim momentum above the $78,000 area in the short term.

Altcoins Recover As HYPE, ZEC, TON, And M Lead

The wider altcoin market has turned noticeably greener over the past 24 hours after May 18’s aggressive flush.

Ethereum (ETH) recovered slightly above $2,117 with modest gains, while Solana (SOL), BNB, Cardano (ADA), Dogecoin (DOGE), and Chainlink (LINK) also moved higher according to the heatmap data. XRP and Tron (TRX) remained slightly in the red but avoided any major additional downside pressure.

Hyperliquid’s HYPE once again emerged as one of the strongest performers among large-cap assets, climbing more than 6.5% as traders continued rotating into high-momentum names. Zcash (ZEC) followed closely with a 7.3% surge, and M posted one of the strongest gains on the board after jumping more than 8.5%.

Toncoin added nearly 3.7%, SUI gained over 3%, and Bitcoin Cash (BCH) advanced close to 4% as risk appetite slowly returned to parts of the market.

Meanwhile, Pi Network’s PI token appears to be stabilizing after a brutal multi-week decline that pushed it toward multi-month lows earlier this week. Though the token remains deeply negative on a wider timeframe, the latest market action suggests sellers may finally be losing momentum after days of continuous downside pressure.

For now, those wondering if now’s a good time to buy crypto remain focused on whether Bitcoin can continue holding above the recent $76,000 support region. If BTC stabilizes further, several stronger-performing altcoins could continue benefiting from renewed short-term momentum flows after the market’s latest leverage wipeout.

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