After soaring to a record high of $123,217 in mid-July, Bitcoin has hit a bit of turbulence as we step into August.
The world’s leading cryptocurrency has dropped around 2% since the start of the month – and is now down roughly 12% from its all-time high.
This pullback has understandably sparked some investor anxiety, with recent days seeing a surge in liquidations across the market. However, not everyone is panicking.
Eric Trump, son of the U.S. President, delivered a clear message to Bitcoin loyalists via X on Saturday: “Buy the dips!!! $BTC $ETH” And he’s not just talking; he’s backing it with action. Eric serves on the board of Metaplanet, the Japanese firm that recently announced plans to raise $3.7B to buy an additional 200K $BTC by 2027.
He’s also the Executive Vice President of the Trump Organization, and according to Lookonchain, a Trump-linked DeFi entity World Liberty Financial recently snapped up 77,226 $ETH at an average price of $3,294, in a clear vote of confidence in the broader crypto market.
Read on as we dig into Bitcoin’s current market setup, examine its current strength and weaknesses, and introduce you to a potential 1,000x altcoin investment opportunity – Bitcoin Hyper ($HYPER) – perfectly positioned to ride Bitcoin’s next major wave while potentially delivering even bigger returns.
Bitcoin’s Price Chart Suggests Long-Term Bullishness
Despite Bitcoin’s recent pullback, the overall technical outlook remains strong. On the daily chart, the price is currently rebounding from the crucial 61.8% Fibonacci retracement level, drawn from the $105K low.
This level is often considered a key support zone in bull markets and suggests the correction could simply be a healthy reset before further upside.
Additionally, Bitcoin’s 50, 100, and 200 exponential moving averages (EMAs) are all sloping upward, which is another classic sign of a strong long-term trend.
On the accumulation front, major players seem unbothered by the dip. In fact, according to Blockstream CEO Adam Back, a notable Bitfinex whale has been steadily buying around 300 $BTC per day using a Time-Weighted Average Price (TWAP) strategy, essentially spreading out purchases over time to avoid market disruption and take advantage of lower prices.
All in all, with renewed calls to keep the faith in digital gold and buy the dip – as echoed by figures like Eric Trump – many experts are pointing to current price levels as a rare chance to accumulate at a discount.
But beyond Bitcoin itself, this could be the perfect time to explore low-cap, Bitcoin-themed altcoins, ones that might just outperform the granddaddy crypto in terms of raw returns in the coming months.
Enter Bitcoin Hyper ($HYPER), a promising presale crypto aiming to supercharge the Bitcoin ecosystem with faster transactions, ultra-low fees, and vastly improved programmability.
Bitcoin Hyper’s SVM Power
$HYPER’s masterplan is to build a brand-new Layer 2 on Bitcoin and integrate it with the Solana Virtual Machine (SVM), which is a high-performance runtime that powers Solana’s blazing-fast blockchain ecosystem.
In simple terms, the SVM will bring Solana-level performance to Bitcoin, allowing developers to build and deploy smart contracts, dApps, and other Web3 protocols with lightning-fast speed and low fees.
Why does this matter? Because Bitcoin today is painfully slow and nearly unusable for Web3 development. It can handle only about seven transactions per second, while Solana processes 2,000 to 3,000 TPS.
$HYPER wants to change that, making Bitcoin scalable, programmable, and ready for real-world adoption.
A Canonical Bridge Takes Center Stage
While the SVM provides the Web3 foundation, it’s the decentralized, non-custodial canonical bridge that connects Bitcoin’s Layer 1 to Hyper’s Layer 2, acting as the key infrastructure for cross-layer interaction.
This bridge allows users to convert native $BTC into ‘wrapped’ $BTC, making it compatible with Layer 2 and giving full access to the SVM-powered ecosystem.
In simple terms, this canonical bridge is what lets you interact with Layer 2 Web3 apps while staying connected to Bitcoin. These apps include staking and lending platforms, NFT marketplaces, high-speed DeFi trading, swapping protocols, and blockchain games.
Buy $HYPER to Ride Bitcoin’s Next Big Breakout
As Bitcoin takes a brief pause after its recent rally, many believe it’s gearing up for another leg upward. Buying Bitcoin Hyper ($HYPER) now could set you up for outsized returns, especially as the project is deeply rooted in utility and focused on unlocking Bitcoin’s full potential.
The best part? $HYPER is still in presale, which means you can get in early at some of the lowest prices. Right now, each token is just $0.0125, and the project has already raised over $6.7M in early funding.
Even more exciting, the presale is catching serious attention from smart money. In just the past 24 hours, there have been whale purchases of $39K and $20K, which is a clear signal that big investors are eyeing $HYPER as a high-upside play in this cycle.
To learn more about Bitcoin Hyper, be sure to read the official whitepaper, and follow the project on X and Telegram for regular updates.
Disclaimer: This article is not financial advice. The crypto market is highly unpredictable, so kindly only invest after doing your own research.
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