After hitting ATH after ATH, Bitcoin ($BTC) is now edging close to the $111K mark after briefly touching it earlier today.
A key reason for this is the influx of capital into US-listed spot Bitcoin ETFs, which have snagged over $2.8B in net this month.
These products have propelled the total number of held Bitcoin ETFs to surpass $122B, further reflecting investors’ growing appetite for exposure to the #1 crypto.
The April halving event also contributed to the crypto king’s rise. It tightened Bitcoin’s supply, slashing block rewards in half and reducing the rate at which new $BTC enters circulation.
Macroeconomic tailwinds also contribute to the $BTC buzz. Looser monetary conditions, increased market liquidity, and geopolitical uncertainty – particularly heightened trade tensions – have caused the US dollar to weaken. In turn, this has propelled riskier assets like $BTC.
As the flagship crypto continues to stand tall in both DeFi and TradFi, attention turns to a broader altcoin rally possibly being on the horizon.
Now could be the perfect time to enter the new altcoin season before rising demand sends prices soaring.
Imagine receiving $BTC automatically when Bitcoin hits new milestones ($150K and $200K). Well, the BTC Bull Token ecosystem does precisely that.
To top it off, you can anticipate winning a large $BTCBULL airdrop when the crypto leader hits the $250K mark.
You can stake $BTCBULL for additional income at a 67% APY. Over 1.5M tokens have already joined the staking pool, showing strong community trust and growing investor confidence.
Soon, holders will also gain entry into the MIND of Pepe Terminal, a live dashboard that delivers real-time market analytics and trading signals for an even sharper edge.
Last but not least, there’s $HYPE. Its market cap has spiked by 18% since yesterday, reaching $10.43B.
Albeit more expensive at $31.15, its sharp rise makes it one to watch as the bull run continues to unfold.
Ultimately, it wants to rival CEXs’ speed and features while maintaining decentralization’s transparency and self-custody benefits.
$HYPE serves several purposes within the Hyperliquid ecosystem, including governance, staking, and gas token fees. Therefore, after buying the coin, you can spur the DEX’s overall direction, earn staking rewards, and pay for transaction fees seamlessly.
You can buy the coin on various exchanges, including Bitget, MEXC, and KuCoin.
$BTC’s explosive spike, spurred by ETFs, a post-halving supply crunch, and macro conditions, possibly lays the groundwork for a new altcoin season.
If you’re waiting for the right moment to capitalize on the best altcoins, that moment is now.
However, you must always DYOR and never invest more than you’d be sad to lose. Only time can truly test their market success.
