Bitcoin Dips Below $100K as Bitcoin Hyper Presale Tops $25.8M
Bitcoin plunged below $100,000 yesterday, marking its lowest level in six months. The drop triggered over $1.74 billion in futures liquidations across major assets. Traders moved funds into stablecoins and new crypto presales amid the volatility.
One high-profile offering is the Bitcoin Hyper presale, which has raised more than $25.8 million to date. Bitcoin Hyper presale tokens (HYPER) are available at $0.013225, with staking rewards of 45% p.a.
The project plans to launch a Layer-2 network integrating the Solana Virtual Machine. This aims to deliver near-instant, low-cost Bitcoin transactions, on-chain staking, governance, and dApp support.
With forecasts predicting HYPER could reach $0.20 by 2026, the Bitcoin Hyper presale offers traders a potential buy-the-dip opportunity. However, high market volatility remains a risk.
Bearish
The news of Bitcoin’s plunge below $100,000 and the resulting $1.74 billion in liquidations signal continued downward pressure on BTC prices. Although the Bitcoin Hyper presale has attracted over $25.8 million, indicating investor interest, this is unlikely to offset the current bearish momentum. In the short term, heightened volatility and forced liquidations suggest further downside risk. Over the long term, successful deployment of the Layer-2 solution could support BTC demand, but immediate trading conditions remain challenging.