Bitcoin Hits $98K as Traders Seek Shelter in $26M Bitcoin Hyper Presale

Crypto Presales

Bitcoin briefly dipped below the $100,000 mark on Tuesday, touching $98,000 for the first time since June. The pullback was short-lived, however, as the leading cryptocurrency quickly rebounded to around $101K, with trading volumes surging by more than 40% over the past 24 hours.

What’s behind the recent fall?

Analysts point to a combination of macroeconomic pressures and shifting investor sentiment. Federal Reserve Chair Jerome Powell recently signaled that further interest rate cuts after December are unlikely, which has dampened risk appetite across financial markets.

Higher rates tend to reduce liquidity for speculative assets, such as cryptocurrencies, while strengthening the U.S. dollar. This dynamic makes non-yielding assets, like Bitcoin, less attractive in the short term.

For some investors, Bitcoin Hyper’s presale represents a chance to capture early-stage growth potential while Bitcoin consolidates near key support levels. However, with volatility rising and macro headwinds intensifying, the next few weeks could prove pivotal for both Bitcoin’s price and the broader cryptocurrency market.

Technical indicators are not looking optimistic either – not in the short-term, at least.

• The $BTC price is struggling to hold its 200-day moving average.
• The next key support lies near $96K, while $BTC has to climb above $111K to confirm a bullish trend.
• The Crypto Fear and Greed Index has plummeted to 20 – signaling extreme fear – down from last week’s neutral levels.
• Open Interest in Bitcoin futures has also dropped from October highs, indicating that leveraged traders are retreating.

There are a few immediate bullish catalysts on the horizon until November 13, when the next U.S. Consumer Price Index (CPI) report is released. If the inflation data comes in softer than expected, it could revive risk appetite and channel fresh capital back into the crypto market.

Despite short-term uncertainty, the long-term outlook for Bitcoin remains decisively bullish. Institutional inflows through spot ETFs, the upcoming halving cycle, and increasing scarcity continue to reinforce Bitcoin’s position as the dominant store of value in the digital asset space.

Strategy co-founder Michael Saylor announced on Monday that the company has acquired more Bitcoin during the dip, bringing its total holdings to 641,205.

Another key factor that reveals this trend is the surging traffic to the Bitcoin Hyper ($HYPER) presale, which is on track to reach $26M.

Why the Sizzling Hot $HYPER Presale Signals Long-term Conviction in $BTC

Bitcoin Hyper is building a Layer-2 solution that addresses some of the long-standing limitations of the Bitcoin blockchain:

• Bitcoin is severely slow, processing under four transactions per second now, while blockchains like Solana can theoretically handle over 65,000 transactions per second.
• Bitcoin transactions are also ridiculously expensive, making them unsuitable for everyday micropayments.
• More importantly, Bitcoin is largely incompatible with Web3.

This is how Bitcoin Hyper solves these problems without compromising security at any stage:

By integrating Solana’s Virtual Machine (SVM) and a non-custodial Canonical Bridge, the platform enables easy use of $BTC across a wide range of decentralized platforms at near-zero costs.

Since SVM brings programmability to the network, developers can use Layer-2 to build innovative new apps on Bitcoin.

That explains why investors are eagerly buying $HYPER tokens – some gobbling up tokens worth $379K and $274K in single transactions – even as Bitcoin struggles in the bear market.

Since $HYPER powers payments, rewards, and governance within the Bitcoin Hyper ecosystem, its long-term value is closely tied to Bitcoin’s broader adoption and the expansion of Web3 utility across the network.

What sets Bitcoin Hyper apart from many past presale projects is that it’s not just a concept on paper. The platform is already in active development, with 30% of the total token supply dedicated to product growth and ecosystem expansion.

Regular developer updates and community progress reports continue to build transparency and investor confidence as the project moves toward its mainnet phase.

Visit the Bitcoin Hyper website to learn more.

Is it Too Late to Buy $HYPER?

Not yet – the Bitcoin Hyper presale is still live, allowing investors to purchase the native $HYPER token at fixed, discounted prices before its upcoming exchange listings.

At the time of writing, $HYPER is priced at $0.013225, with investors able to participate using both cryptocurrencies and fiat payment methods. Early participants can also earn a 45% staking APY, one of the highest returns currently available among major presales.

However, both the price and staking rewards are set to adjust soon. The next price increase is scheduled within the next 24 hours, and the APY will gradually decrease as additional investors join the presale.

Join the $HYPER presale now.

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