Bitcoin Hits $124K on Fed Rate Cut Odds; Bitcoin Hyper Presale Nears $10M

Bitcoin surged to a record $124,000 amid growing odds of a Fed rate cut, driving institutional and retail demand for crypto. Markets now price in a 92.5% chance of a September cut, fueling Bitcoin’s rally and boosting spot ETF assets to $170.22 billion. At the same time, the Bitcoin Hyper (HYPER) Layer-2 solution is nearing a $10 million presale milestone, having raised over $9.7 million by optimizing Bitcoin’s scalability and introducing smart contract support via the Solana Virtual Machine (SVM) and zero-knowledge proofs. By batching transactions off-chain and integrating DeFi capabilities, Bitcoin Hyper promises faster confirmations and lower fees. Traders should watch ETF flows and HYPER presale developments closely to leverage potential price movements and network upgrades in both Bitcoin and Layer-2 markets.
Bullish
The article’s focus on Bitcoin reaching $124K driven by a 92.5% chance of an imminent Fed rate cut underscores a strong risk-on sentiment among investors, which historically correlates with bullish crypto performance. Additionally, record inflows into spot Bitcoin ETFs demonstrate robust institutional demand, reducing circulating supply and supporting higher prices. The near $10M presale success of Bitcoin Hyper, a Layer-2 solution tackling Bitcoin’s scalability and smart contract limitations, adds further bullish momentum by addressing key network pain points. Past similar catalysts, such as Ethereum’s Layer-2 rollups, have led to sustained price rallies as traders anticipate improved throughput and new DeFi opportunities. In the short term, traders may see increased volatility and buying pressure around both ETF flows and HYPER presale milestones. Long term, successful deployment of Bitcoin Hyper could unlock additional use cases, reinforcing Bitcoin’s value proposition and potentially attracting a broader user base. Taken together, these factors signal a bullish outlook for both Bitcoin and Layer-2 projects in the near and extended market horizons.