Bitcoin (BTC) has shattered its previous all-time high, climbing to $125,506 as "Uptober" begins, marking an 8.62% gain since the start of October with green candles every day this month. This rally defies market headwinds, including a U.S. government shutdown, as investors bet on potential Federal Reserve rate cuts and flock to Bitcoin as a hedge against monetary instability. Steady inflows into Bitcoin ETFs, with $3.24 billion net inflows last week, have reinforced the upward momentum.
Simultaneously, Bitcoin Hyper (HYPER), Bitcoin's fastest Layer-2 solution, is exploding in presale funding, nearing $22 million after raising an additional $1.2 million over the weekend. Whale activity has intensified, with recent purchases including $560,000 in two large buys (13.6 million HYPER for $182,000 and 28.6 million HYPER for $382,000), following earlier whale accumulations of 25.65 million HYPER worth $333,000. The presale is set to close in less than 31 hours, after which the HYPER token price will rise from $0.013065.
Bitcoin Hyper aims to redefine BTC's utility by integrating the Solana Virtual Machine (SVM), enabling Solana-level performance with Bitcoin's security. This could unlock DeFi, gaming, and real-world asset (RWA) applications, potentially driving billions in locked value. The project offers a 55% APY for staking and is accessible via multiple payment methods, including SOL, ETH, and credit cards.
Market projections align with the bullish sentiment, as seven out of eight institutions, including Maxim targeting $210,000, expect Bitcoin to exceed $125,000 by year-end, with an average price target of $156,000. Historical trends support this, as October, November, and December are Bitcoin's strongest quarters.
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