It’s been a rough few weeks for Bitcoin (BTC). The coin’s price growth has stalled, weighed down by ETF outflows, classic September blues, and wider uncertainty that’s kept buyers on the sidelines.
The spot ETFs are the main culprit. For the first time since they launched, we’ve seen significant outflows – about $751 million in August alone. That’s a signal that some bigger investors were taking profits, moving into spot ETH ETFs, or just sitting in cash.
Plus, September is historically weak for crypto. The average return for Bitcoin this month is negative, going back over a decade. Throw in thinner summer trading and macro uncertainty, and you’ve got the recipe for the sideways grind we’re in.
But now? We’re seeing some signs of life. And with momentum slowly returning to BTC, traders are looking for other coins that could benefit. One of the most interesting right now is Bitcoin Hyper (HYPER) – a new Layer-2 project that early backers believe could be the best crypto to buy this month.
Is Bitcoin Finally Turning a Corner? Key Catalysts to Watch
Bitcoin has risen above $111,000 in the past 24 hours. The daily chart is forming a healthier pattern with higher highs and higher lows, which is something we haven’t seen happen since early August. Open interest is rising too, suggesting new bets are being placed on Bitcoin.
But the Crypto Fear & Greed Index – a popular proxy for market sentiment – is still sitting in “Neutral” territory. So, even though the BTC chart looks better, conviction hasn’t fully returned.
But that could all change as more U.S. economic data emerges this week, including Wednesday’s PPI report. We’ll also get more core inflation updates on Thursday, so expect risk assets like Bitcoin to be impacted.
With the Fed’s next interest rate decision coming next week, we’re set up for a volatile period for crypto. And if Bitcoin does get some positive news, BTC-adjacent projects like Bitcoin Hyper could be positioned to benefit.
Why All the Excitement Around Bitcoin Hyper’s New Layer-2?
Bitcoin Hyper has become one of the most talked-about Layer-2 (L2) projects this year, raising over $14.4 million in its presale to date. Its goal is pretty straightforward: make Bitcoin totally programmable.
Think DeFi, meme coins, NFTs, RWAs, and complex apps – all operating through an L2 built on top of Bitcoin’s secure blockchain, but with the speed and flexibility you’d typically associate with Solana. That’s a setup that could draw in both Bitcoin purists and devs who want more flexibility.
The magic lies in Bitcoin Hyper’s canonical bridge. You lock your BTC on Bitcoin’s mainnet, and wrapped BTC gets minted on the Layer-2 network. From there, activity runs through the Solana Virtual Machine (SVM), built for speed and capable of thousands of transactions per second.
It’s an exciting pitch: all the security of Bitcoin with the functionality of a modern smart contract platform. That’s why analysts like Crypto Tech Gaming are already talking about it as a potentially revolutionary step for the Bitcoin ecosystem.
The HYPER Token – Why It Has Explosive Price Potential
The entire Bitcoin Hyper ecosystem runs on the HYPER token. HYPER is used for gas fees, staking, governance, and supporting the bridge. Think of it like the “fuel” for the whole Layer-2 ecosystem.
HYPER’s presale phase has been an enormous hit, with the token’s price ticking up every few days. This stage-based model rewards early supporters. Plus, there’s an option to stake right away, even before the exchange launch. Yields are currently estimated at an enormous 76%.
So, if you’re wondering whether Bitcoin Hyper is the best crypto to buy now, the argument is simple: it’s still early. With BTC at a $2.2 trillion market cap, HYPER is tiny in comparison.
That means if this new Layer-2 project gains traction, the upside could be huge. With this much presale momentum and a low entry price of $0.012875, it’s definitely an altcoin worth watching in the weeks ahead.
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
