Bitcoin and Ethereum traded lower on the day, while most top-10 assets remained range-bound, underscoring a cautious market tone. Fed decision leaves crypto market driftingOn Wednesday, 28 January, the Fed maintained its target range for the federal funds rate at 3.5% to 3.75%. HYPE posts sharp gains amid broader weaknessHyperliquid’s HYPE token moved decisively in the opposite direction. CoinMarketCap rankings showed HYPE outperforming Bitcoin, Ethereum, Solana, XRP, and most other large-cap tokens over both the 24-hour and weekly timeframes, highlighting a clear divergence from the broader market trend. Hype’s relative strength signals selective risk appetiteHYPE’s rally appears less connected to macro conditions and more reflective of momentum-driven positioning.