Bitcoin’s rally has been strong, reaching a high of $119.450, the highest in seven weeks.
The price jumped 2% in just 24 hoursCrypto market cap reaches an impressive $4.08T. Everyone is excited by this huge leap, and they hope that the Uptober trends will repeat themselves, historically a month of bullish Bitcoin.
This rally was so strong that Bitcoin’s price even passed Amazon. This is not only Bitcoin; Ether, Solana and Dogecoin have also seen great gains.
Profits will also be coming to you Bitcoin Hyper ($HYPER), a Bitcoin-based project which promises to introduce dApps (digital applications) and smart contracts.
Why has Bitcoin suddenly soared?
Was is behind the sudden Bitcoin rise? The Bitcoin surge is the result of a mixture of economic and historical factors. There’s good reason to believe that the Federal Reserve may cut rates this month due to an ailing US economy.
It is true that a popular online prediction market shows the future. 99% chance of a rate cut At the Fed’s meeting next, that would be a strong sign. Riskier assets like cryptocurrency are more attractive when the Fed is a bit dovish.
Uptober’s history is also interesting. According to our research, Bitcoin’s value has increased in 10 Octobers over the last 12 years. This makes it the month with the highest reliability for gains.
Bitcoin, while it has broken through the key resistance level of $117.5000, still keeps its eye on $120,000.
We could see new highs if it breaks through. Bitcoin’s rally shows how, as economic signals weaken, it is becoming a more appealing place to invest your money.
You can also find projects that are similar to Bitcoin Hyper ($HYPER) Bitcoin can be made faster and more useful by increasing its speed.
Bitcoin is slow, but $HYPER can give it the boost that it needs
You’ll be familiar with the frustration of trying to make a payment using Bitcoin. It takes forever and costs a lot. That’s the exact problem Bitcoin Hyper ($HYPER) This is what I’m trying to do.
This is a very powerful upgrade, which gives Bitcoin both the speed and cost-effectiveness it requires to be useful in other ways than just HODLing.
The Layer 2 handles the transactions by using the Solana Virtual Machine The a Canonical BridgeBitcoin Hyper ($HYPER), a new cryptocurrency, makes Bitcoin more affordable.
The goal is to make the most secure crypto in the world also the fastest, cheapest and easiest.
Bitcoin has a lot of new uses with this technology. Bitcoin Hyper ($HYPER) Developers can build dApps on Bitcoin, use DeFi, or even design new NFTs. This is like turning a flip phone from the past into a smartphone of today.
Bitcoin has become a more practical currency as the transaction speeds are now negligible.
It is gaining a lot attention as the project could turn Bitcoin into an everyday tool without sacrificing its security.
Does $HYPER really work?
The $HYPER team has already raised more than $19.8M, proving that they have the support of a major company. best crypto presales By 2025, the year of maximum growth is expected to be around 25.
You can get your $HYPER now for $0.013015You can earn passive income with 60 % staking reward once the game launches.
Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/bitcoin-nears-120k-as-traders-watch-hyper-presale
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Source: www.newsbtc.com
