Bitcoin Hits $125K All-Time High as Uptober Takes Off: Bitcoin Hyper Presale Raises $21.5 Million

Uptober season is in full swing, with Bitcoin today (Sunday 5 August) recording a new record high above $125,000.

Several factors are contributing to BTC’s rally, including anticipation of a potential Federal Reserve rate cut and significant ETF inflows, with investors pouring $3.2 billion into Bitcoin ETFs in the past week alone.

The amount of Bitcoin on centralized exchanges has hit a six-year low, indicating that investors are holding BTC for long term gains. This creates low supply on exchanges and can in turn create upward price pressure, with some analysts forecasting that Bitcoin can hit $200k before 2026.

But it’s not just Bitcoin that investors are betting on for long term gains; Bitcoin Hyper, a new Bitcoin Layer 2 project, has just soared past $21.5 million in its ongoing presale. Having only hit $20 million earlier this week, the presale is raising an average of around $500,000 a day as investors bet big on its future.

Designed to improve transaction speeds and release new utility for Bitcoin that was previously not feasible, HYPER has quickly become one of the most talked about crypto launches of the year. And with Bitcoin breaking new records, it could be launching at the ideal time.

Investors Pour $21.5 Million Into Bitcoin Hyper as BTC Soars

Bitcoin Hyper is a new Layer 2 project that blends Bitcoin’s security with the performance of Solana’s blockchain. By leveraging Solana’s Virtual Machine (SVM), Bitcoin Hyper aims to introduce improved speeds, smart contracts and dApps to the Bitcoin ecosystem.

The project will use a bridge to transfer assets between Bitcoin’s main chain and its Layer-2 network. Users can lock up BTC on the base layer and transact with equivalent wrapped BTC on the Hyper network.

This Layer 2 can process transactions off-chain at lightning speed (potentially thousands per second) and periodically settle them back on Bitcoin’s mainnet. The result is lower fees and reduced congestion, while preserving Bitcoin’s core security.

The project’s native HYPER token will be required to pay for gas fees on Hyper’s L2 network, as well as unlock smart contract capabilities on the platform.

Bitcoin Hyper’s presale raise blew past $20 million on Thursday, having exploded in interest since its launch. In the three days since, it’s already raised another $1.5 million, signalling increasing interest as BTC’s price grows and Uptober takes off. Crypto whales have been a major driving force, with a large buyer recently scooping up about $300,000 of HYPER in a single purchase.

Analysts are bullish on its potential to deliver significant returns to presale investors. Chino De Dios believes that Bitcoin Hyper’s impressive growth is sustainable in the long term, as it combines organic community-driven growth with a solution that appeals to the broader DeFi ecosystem.

He explains that Bitcoin Hyper’s fundraising momentum places the innovative L2 solution in the same league as some of the most successful early crypto projects.

With Bitcoin setting new highs and an Uptober rally taking shape, Bitcoin Hyper’s future seems bright. Its presale offers an opportunity to get in early on what many believe will be one of the most successful crypto launches of recent years.

Early buyers can visit Bitcoin Hyper’s official presale site to buy the tokens before their public listing. HYPER tokens can also be staked for a high APY of up to 56%.

Visit Bitcoin Hyper Presale