HYPE sets record above $90 as Hyperliquid enables manual borrowing

Hyperliquid’s HYPE token reached a record $90.92 after the platform opened manual borrowing, according to Cointelegraph. The feature allows users to borrow stablecoins using HYPE or Bitcoin as collateral. The move adds a borrowing function tied to two crypto assets: Hyperliquid’s native token and BTC. HYPE and Bitcoin are both included among the assets relevant to this market update. The reported record marks a new high for HYPE, while the borrowing launch provides users with access to stablecoin loans against their holdings. Cointelegraph published the report on September 18, 2026.