Bitcoin Recovers $71K as Bitcoin ETF Frenzy Takes Hold: Layer 2 Next?

10 minutes ago by · 4 mins read

Bitcoin is continuing its five-day green candle streak today – and the market-leading crypto has even pushed above $71,000, giving bulls a chance to flip that key level into support. This move puts BTC up approximately 3% in 24 hours, and 8.7% since Monday morning, showing meaningful strength even as oil prices continue to spike […]

Bitcoin is continuing its five-day green candle streak today – and the market-leading crypto has even pushed above $71,000, giving bulls a chance to flip that key level into support. This move puts BTC up approximately 3% in 24 hours, and 8.7% since Monday morning, showing meaningful strength even as oil prices continue to spike due to the war in Iran. 

Traders who’ve been watching the charts closely know this kind of price action isn’t random. It’s actually the result of consistent buying pressure from Wall Street via BTC ETFs, as well as strong technical support as the asset maintains a multi-week uptrend.

In the middle of all this, the Bitcoin Hyper (HYPER) presale has been gathering serious steam – and now sits just shy of the $32 million fundraising mark. The project has been turning heads because its upcoming Bitcoin Layer 2 chain will enable BTC holders to use their funds across DeFi protocols, games, staking services, and more.

If the broader market maintains its current bullish momentum, HYPER’s price could rise rapidly after it arrives on major CEX and DEX platforms later in Q1.

Bitcoin ETF Frenzy Fires Up BTC USD Price: $71,000 The New Floor?

Bitcoin has been above $71,000 for most of the day so far, and its price action looks clean and promising. After absorbing extreme macro noise around oil prices and the conflict in Iran (which are still dominating TradFi headlines), the asset has bounced back with conviction.

On Wall Street, Bitcoin spot ETFs have seen $1.16 billion in total net inflows so far this month, with $586.99 million added this week.

Support levels that held last week are also still in play, and the Web3 analyst known as “Crypto Boss” (172,800 followers on X) is already eyeing higher resistance zones near $80,000. 

This real-time trader optimism is spilling over into projects that are built directly on top of Bitcoin. People aren’t satisfied with just buying spot BTC anymore – they’re looking for ways to make it work harder, and that’s exactly where Bitcoin Hyper (HYPER) comes in.

New Layer 2 Bitcoin Hyper is Slamming Up to $32M Raised

Bitcoin Hyper (HYPER) is set to begin rolling out the fastest-ever Layer 2 network on Bitcoin later this quarter, aiming to fix the two things that have always held the main chain back: slow speeds and high fees. 

The team is bringing the high-performance Solana Virtual Machine (SVM) into the Bitcoin ecosystem, enabling the L2 to deliver near-instant transaction speeds while still anchoring everything back to Bitcoin’s base layer for finality and security.

The L2 will maintain consistent state commitments to the L1 using zero-knowledge proofs, while users can bridge their BTC in a trustlessly manner and acquire newly minted Wrapped BTC (WBTC) on the Layer 2. From that point on, they can use that WBTC across staking, swaps, or any of the creative DeFi tools that will launch once the network goes live.

Bringing funds back to Bitcoin’s main chain works the same way in reverse, so nothing ever leaves Bitcoin’s security model. It’s a technically advanced but solid solution that finally lets holders do more than just stack sats.

With the presale now at roughly $31.94 million raised, the current HYPER price of $0.0136769 still offers buyers a discount on the token’s exchange launch price. Anyone who stakes their HYPER (which can be completed during the investment process) can lock in a 37% APY while they wait for the mainnet to launch. 

As Bitcoin itself holds above $71,000, Bitcoin Hyper’s timing couldn’t be better.

Here’s How to Get Involved in Bitcoin Hyper

As Bitcoin Hyper’s roadmap indicates that the L2 mainnet and HYPER token launches will take place by the end of Q1, there may not be much time left before the HYPER presale concludes – and it could even sell out sooner than expected.

To get in early, head over to the official Bitcoin Hyper presale site, connect your preferred Web3 wallet, and you’ll be able to begin accumulating HYPER tokens in just a couple of clicks. 

The Best Wallet app is also hosting the HYPER presale via its “Upcoming Tokens” tab, making the process straightforward for mobile users. You can download Best Wallet straight from the Apple App Store or Google Play

Whichever route you take, you’ve still got plenty of options: ETH, BNB, SOL, USDT, USDC, or the convenience of paying with a regular bank card.

Once you buy your HYPER, staking will be available immediately at 37% APY, so your tokens start earning right away. The presale is moving fast, though, and the next price increase is only hours away.

For the latest updates and community news, make sure to follow Bitcoin Hyper on X and join their Telegram channel.

Visit Bitcoin Hyper

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