Stuck below $117K, Bitcoin mostly drifted through September without making much noise. Could things look better in October?
Maybe. Three major market shifts are aligning, which could be enough to send $BTC past $120K once again.
The price has dropped since then to about $113.4K, but there are more reasons to believe this is just the beginning of a bull trend.
The first potential catalyst is the joint roundtable on digital asset regulation hosted by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The weakening US jobs market also supports an optimistic price outlook for Bitcoin. The trend typically drives investors toward safer assets, such as gold, but Bitcoin’s reputation as a challenger to the traditional economy could work in its favor this time.
The third reason is the rumors surrounding the Bitcoin Strategic Reserve.
Whether the rumor holds water or not, its speculative impact is high.
Meanwhile, Bitcoin’s potential layer-2 solution is going viral, sparking a buying frenzy during the presale.
Bitcoin has long been the undisputed king of cryptocurrencies.
Despite that, the Bitcoin blockchain is slow and clunky, hindering the asset from realizing its full potential in the rapidly growing Web3 market.
Bitcoin Hyper sets out to change this with its upcoming layer-2 solution.
Here is a detailed look at how it works:
The cryptocurrency market has seen its fair share of projects aiming to change the game for Bitcoin, but most fail to even launch a minimal viable product (MVP).
So it’s reasonable to worry if this is another hollow altcoin tricking investors with empty promises.
To its credit, Bitcoin Hyper has already made steady progress in tech development, and the dev team has been regularly posting updates on the website.
$HYPER is still in the presale phase, and the token is available for a fixed, discounted price of $0.013005. So no, it’s not too late to buy the token.
Waiting much longer, however, could turn out to be a costly decision, as the next price surge is just a day away.
Moreover, the staking APY is now a juicy 60% and will only decrease as more investors join the presale.
But as always, do your own research before investing in crypto. This is not financial advice.
