Bitcoin Hits New ATH Above $123K – Is Bitcoin Hyper The Best Crypto To Buy Now?

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Bitcoin has soared to a new ATH (all-time high) above $123K amid strong institutional buying as US lawmakers look to advance key digital asset legislation during so-called “Crypto Week.”

The BTC price surged to a record high of $123,091.61 earlier today, before pulling back a little to trade at $121,693.54 as of 7:14 a.m. EST.

Japan’s Metaplanet added to the buzz around the king of cryptos, snapping up 797 BTC for $93.6 million, pushing the firm’s stash to 16,352 BTC. Michael Saylor also took to X yesterday to tease another possible Bitcoin buy by Strategy this week.

Crypto Week May Boost Market Sentiment

This comes as “Crypto Week” gets underway, a pivotal period in which the House of Representatives will debate key crypto legislation that could deliver more positive news for the industry, potentially boosting sentiment and price momentum.

Lawmakers are set to review three high-profile digital asset bills. These are the Digital Asset Market Clarity Act (CLARITY Act), the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), and the Anti-CBDC Surveillance State Act. All align with Donald Trump’s goal of positioning the US as a global crypto hub.

With Renewed Focus On BTC, Bitcoin Will Need To Scale Fast And Soon

As institutions buy more Bitcoin and policy makers move to pass crypto legislation, attention is front and center on the Bitcoin ecosystem and where it heads from here.

Slipping under the radar is the fact that it’s about to have a huge makeover via a new Layer 2 project called Bitcoin Hyper (HYPER). It’s a next-gen project that could take Bitcoin’s ecosystem to the next level, potentially supercharging the BTC price in the process.

Bitcoin is a pioneer, and created the blueprint for the rest of the Web3 space to follow. But its legacy network has fallend behind as newer, faster solutions enter the market, including Solana, Ethereum and others. If something does not change soon, there’s even a risk BTC drops down the crypto ranks.

Enter Bitcoin Hyper, a layer-2 scaling solution for the original network. It aims to transition the BTC network from just a blockchain to store value to a more utility-orientated chain by introducing Bitcoin’s first application layer. 

Once on the Bitcoin Hyper layer-2, users will be able to engage with decentralized applications and computationally-demanding use cases, such as NFTs, decentralized exchanges, and more. 

Bitcoin Hyper integrates with the Solana Virtual Machine (SVM), which is the engine behind the lightning-fast SOL network. This will give the market its first solution that combines Solana’s speeds with Bitcoin’s battle-tested security. 

Bitcoin Hyper tweet

The project also introduces a decentralized Canonical Bridge, which allows users to seamlessly bridge their assets between the Bitcoin Hyper layer-2 chain and the Bitcoin base blockchain. 

The HYPER team has also recently revealed in a dev update on the project’s website that it’s launched the Bitcoin Hyper developer network. This is a key technical milestone that paves the way for Bitcoin Hyper to scale the legacy blockchain with its mainnet launch.

Experts Predict 10X Surge For HYPER

Powering the whole Bitcoin Hyper ecosystem is the project’s native HYPER token, which is nicely positioned to become a primary transaction medium between Bitcoin and the BTC Hyper chain.

YouTube channel 99Bitcoins, which has over 723K subscribers, recently said HYPER might 10X after its launch.

Best Wallet, which successfully identified Pepe Unchained (PEPU) and Catslap (SLAP) as promising cryptos before they printed massive gains for investors, has also recently flagged Bitcoin Hyper as a high-potential presale token.

Investors are just as bullish, and have already pumped more than $2.77 million into the project’s presale. 

There’s still time for interested investors to get in at this ground level of the project. Tokens can be purchased via the buy widget on the project’s website for $0.01225 apiece using either bank card or cryptos such as ETH, SOL, USDC, USDT and BNB.

Once bought, HYPER tokens can also be locked up in the project’s presale staking pool, which currently offers a huge 315% annual return.

Interested investors will want to act fast because HYPER’s price will increase as its ICO progresses. The next price hike is in a little more than 4 hours.

Check out HYPER.

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