Bitcoin has started pumping once again, reigniting optimism across the crypto market. Many analysts believe the world’s leading cryptocurrency could reach a new all-time high later this weekend or next week.
October looks set to bring more price milestones for Bitcoin, while investors remain confident that November will continue the upward trend, even if short-term momentum cools slightly.
This renewed bullish sentiment has also drawn attention to Bitcoin Hyper, a new Bitcoin Layer 2 project gaining traction among investors searching for the best new crypto coin to buy. The project aims to enhance Bitcoin’s scalability and utility through advanced blockchain technology.
Source – 99Bitcoins YouTube Channel
Why Analysts Believe BTC Could Surpass Gold
Bitcoin trades at $111,000, down about 4% over the past week. The price action has slowed and turned choppy, but the recovery still looks strong after recent volatility. Over the past month, Bitcoin dropped roughly 4%, yet it gained 61% over the last year.
Throughout the year, Bitcoin has delivered an average annual gain near 100%. Sustaining that pace into November and beyond demands another strong rally.
Many analysts expect it, given the current momentum and bullish market sentiment. Investors now prepare for a shift in how the broader financial world values Bitcoin.
Institutional demand keeps rising. Strategy bought another 168 BTC for $18.8 million, reinforcing its long-term conviction in Bitcoin as a store of value and hedge against inflation, even though this purchase is smaller than its earlier ones.
Binance founder CZ made a bold claim on social media, saying, “Bitcoin will flip gold.” He admitted it might take time but called it inevitable.
Many crypto investors share that belief, expecting Bitcoin’s adoption curve and growing institutional presence to challenge gold’s role as a global store of value within five years.
A major Bitcoin whale recently opened a $121 million short position with 10x leverage and set the liquidation level at $135,000. The move signals expectations of short-term volatility or a correction, though large short positions often get liquidated during strong rallies, which can fuel further price surges.
Political developments are also shaping sentiment. Former U.S. President Donald Trump said China has shown “great respect” in recent talks and hinted at a possible meeting with President Xi Jinping in South Korea.
He suggested a trade deal might be near but warned that China could face a 155% tariff if no agreement emerges by November 1. The uncertainty adds more pressure to global markets that often move in sync with Bitcoin’s volatility.
The Federal Reserve plans to host a conference on Bitcoin and crypto payments, reflecting growing institutional curiosity about digital asset integration in mainstream finance.
In Asia, Japan’s Financial Services Agency (FSA) is considering allowing major banks to buy and hold Bitcoin by 2026. This move signals increasing acceptance of cryptocurrency within traditional banking.
A TD Cowen report highlighted Bitcoin’s resilience after the recent $19 billion flash crash, where the price dropped 15% before rebounding to close down just 8%. The firm described the recovery as a show of strength and reaffirmed its bullish year-end price target of $141,000 by December.
Best Crypto to Buy Before BTC Hits a New All-Time High
Bitcoin Hyper is a Layer-2 network that fixes Bitcoin’s biggest problems: slow transactions and high fees. It does this without losing the strong security that made Bitcoin famous. Think of it as adding a supercharger to the Bitcoin blockchain.
The project uses zk-rollups, a technology that groups thousands of transactions into one cryptographic batch with zero-knowledge proofs. Bitcoin’s base layer handles only 3 to 7 transactions per second, but Bitcoin Hyper can process thousands in just milliseconds.
Bitcoin Hyper also stands out for using Solana’s Virtual Machine (SVM). This lets developers move their Solana-based code to Bitcoin Hyper and enjoy faster, parallel transaction processing.
A trustless canonical bridge connects Bitcoin Hyper to Bitcoin’s main blockchain through a “Bitcoin Relay Program” smart contract. This setup keeps Bitcoin’s security while allowing smooth interaction with Solana’s ecosystem.
The Bitcoin Hyper presale is close to reaching $25 million, and momentum keeps growing. $HYPER tokens are priced at $0.013155, and investors can buy using crypto or a credit or debit card. A compatible wallet such as Best Wallet is required.
Whale investors are also getting involved. Earlier in October, several six-figure buys appeared, including one worth $274,000. Large purchases like these often show that experienced investors see potential before the wider market does.
Crypto YouTuber Borch Crypto recently called $HYPER the best new crypto coin to buy right now. He believes this early whale accumulation could trigger a major rally once $HYPER launches on Uniswap.
Right now, holders can stake $HYPER to grow their tokens before Bitcoin Hyper’s full rollout. The staking protocol offers flexible rewards of up to 48% APY.
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