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In a landmark breakthrough, Bitcoin (BTC) has entered into price discovery, registering fresh records near $118,000 for the first time in history.
BTC’s push above the $2.4 trillion market cap level is now sparking a bullish wave across most major altcoins. The historic rally coincided with more than $1.18 billion of net inflows into spot Bitcoin ETFs in just one trading day on July 10 – a clear sign that institutional demand is accelerating ahead of an anticipated interest rate cut by the US Federal Reserve.
That bullish backdrop has brought renewed attention to projects building around the world’s largest cryptocurrency. This is why Bitcoin Hyper (HYPER), the native token for a new Bitcoin Layer 2 network, has secured over $2.3 million in its presale.
Looking ahead, market commentators argue that if Bitcoin is to sustain its dominance in its next growth chapter, it needs the kind of scalable and Web3‑ready infrastructure that Bitcoin Hyper promises to deliver.
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Bitcoin Hits New ATH as Digital Gold Narrative Takes Hold
Bitcoin’s latest rally has reaffirmed the top crypto’s status as digital gold – a macro hedge and long-term store of value in an uncertain economic era. Asset managers and even state treasuries are stockpiling BTC not as a payments tool, but as a hedge against inflation and geopolitical uncertainty.
Strong demand from institutions has become a primary driver of Bitcoin’s price action, pushing it into blue skies once again. BlackRock’s spot Bitcoin ETF (IBIT), which began trading in January 2024, now holds more than $80 billion in net assets – and the fund has nearly tripled its Bitcoin position in less than a year, setting a pace that took the largest gold ETF over a decade to achieve.
In fact, spot Bitcoin ETFs collectively just crossed the $51 billion cumulative net inflow milestone, with impressive one-day inflows (including over $448 million into IBIT alone on July 10) as Bitcoin hit record highs.
On July 10 (ET), Bitcoin spot ETFs recorded a total net inflow of $1.179 billion, marking the second-highest in history. Ethereum spot ETFs saw a total net inflow of $383 million, also the second-highest on record.https://t.co/ueXcZjuIVU
One of the biggest catalysts behind the growing institutional participation is a clearer regulatory landscape. The “Crypto Week” events taking place on Capitol Hill next week will advance long-awaited tax and regulatory measures, adding to optimism that more explicit rules will further strengthen crypto’s position on Wall Street.
Yet for all its success as digital gold, Bitcoin’s on-chain utility remains limited. The base Bitcoin network can process only a handful of transactions per second, has relatively high fees, and lacks native support for smart contracts.
This means most BTC today sits in wallets as static capital – excellent for preserving wealth, but largely inactive when it comes to DeFi or other Web3 applications. Layer 2 solutions have long been seen as the best way to activate Bitcoin’s value, but existing attempts have fallen short.
Bitcoin Hyper is positioning itself to fill that gap. It aims to provide Bitcoin with the speed and programmability of a modern smart contract platform, without compromising on BTC’s security.
Bitcoin Hyper’s approach to scaling Bitcoin is both innovative and elegantly simple. It will create a Layer 2 blockchain that operates in tandem with Bitcoin’s main chain, leveraging the Solana Virtual Machine (SVM) for ultra-fast throughput.
Users send real BTC to a bridge contract on Bitcoin’s Layer 1 (L1), and that transaction gets validated via zero‑knowledge proofs and locked on‑chain. Simultaneously, an equivalent amount of wrapped BTC will be minted on the Bitcoin Hyper network.
The entire process is trustless and non-custodial – and zero-knowledge proofs ensure that the Layer 2 only mints tokens when provably backed 1:1 by BTC on the L1, thereby preserving security.
From that point, the deposited Bitcoin will exist in Bitcoin Hyper’s high-speed environment, and transactions using the wrapped BTC will settle in seconds and cost only fractions of a cent in fees. Users can send payments, trade assets, deploy smart contracts, or engage in yield farming and lending capabilities that are impossible on Bitcoin’s base layer alone.
Why Analysts See Bitcoin Hyper as the Next Big Layer 2 Success Story
Everything on the Bitcoin Hyper network will revolve around the HYPER token. Beyond serving as the gas token for every transaction on the Layer 2 network, HYPER will also provide high staking rewards and governance rights.
In other words, HYPER captures the economic upside of bringing new utility to Bitcoin. If Bitcoin Hyper succeeds in attracting users and developers, demand for HYPER could scale in tandem with on-chain activity.
History has already proven that Layer 2 tokens can capture significant upside when a scaling solution gains traction. For example, Polygon’s MATIC and Arbitrum’s ARB (two of the most popular Ethereum Layer 2 cryptos) both rallied with growing adoption of their own networks, as well as Ethereum itself.
A popular analyst from 99Bitcoins believes that HYPER could follow a similar path – but with the added advantage of supporting a much larger store of value, and taking advantage of Bitcoin’s global brand recognition.
To buy HYPER, investors can visit the official Bitcoin Hyper presale page and connect a crypto wallet to purchase HYPER using ETH, USDT, BNB, or even a traditional card. Buyers can also stake their tokens for an annual reward of up to 350%.
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Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token.
His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.