Investors are asking why is crypto down today, as the total market cap has dropped by 2.21% in the last 24 hours. The market has lost over $100 billion in value during this period.
While Bitcoin is down 1.84% in daily and 2.61% in weekly timeframe, Ethereum has dropped by 2.74% in daily and 7.45% in weekly chart.
Large-cap tokens and smaller projects swung sharply as long positions were liquidated, the Fed cut rates, and the dollar strengthened. The move may be modest in size, but it sends an important signal because it comes at the very start of a data-heavy week.
The correction has prompted expert investors to look for innovative projects that could sail through this high volatility period. Lurking in this backdrop is an emerging altcoin project, Bitcoin Hyper, which has raised over $17.6 million in its ongoing presale.
It is the first layer-2 infrastructure project for Bitcoin that can capitalize on the wave of institutional adoption and increasing demand for BTC.
Leveraged Positions, Dollar Strengthening, and Fed Uncertainty
Various factors have combined to create a perfect storm in the crypto market.
On Monday, more than $1.65 billion worth of leveraged long positions in crypto were wiped out, which added heavy selling pressure. Bitcoin accounted for about $286 million of those liquidations, while Ethereum saw roughly $490 million.
The U.S. Dollar Index (DXY) has been creeping up, affecting the crypto market inversely. After dropping to a multi-year low of 96.28, the DXY recovered sharply and currently sits above the 97.3 level. With the dollar strengthening, capital is shifting from risky assets like cryptocurrency.
US Dollar Index Chart. Source: TradingView
The Fed’s 25 basis-point rate cut has triggered the move, which many expected to be dovish. But signals from Fed officials suggested caution, meaning the rate cut was viewed more as a risk-management tool rather than the start of a longer easing cycle. That encouraged safe-haven demand for the dollar.
While macroeconomic indicators suggest bearish pressure, long-term bullish sentiment in the crypto market remains intact. Despite the correction, the altcoin index is flashing bullish signals, officially marking the start of the altcoin season, as it crosses the 75 mark.
Altcoin season has previously produced massive winners that delivered 50x-100x gains in a short period of time. This time, savvy investors are now focusing on infrastructure projects that directly tackle the market’s institutional demand problem.
Bitcoin Hyper: A Bitcoin Infrastructure Project For Institutional Demand
Bitcoin Hyper (HYPER) enters this market moment as a project built to address the speed and scalability issues of the largest cryptocurrency in the world. Bitcoin has long been appreciated for its ability to store value, high security, and its role in combating inflation, making it the 8th largest asset in the world.
However, Bitcoin still faces challenges. While Ethereum and Solana have grown into strong ecosystems for meme coins, dApps, and DeFi, Bitcoin struggles to match them because of its scalability and limited functionality.
Bitcoin Hyper addresses this precisely with its layer 2 blockchain, built with a unique architecture designed to provide scalability, flexibility, and interoperability, similar to Solana, within the Bitcoin ecosystem.
The platform runs on the Solana Virtual Machine (SVM), which allows developers to move their apps and cryptocurrencies to the L2 without needing wrappers or learning a new programming language. The team is utilizing ZK-rollup technology to bundle transactions and settle them regularly on the Bitcoin Layer 1.
Why Bitcoin Hyper Presale Is More Than Just Hype?
Bitcoin Hyper is not an ordinary token; the project is attempting to revolutionize the utility of the biggest blockchain in the world. It is a project with infrastructure, utility, security, and innovation, seeing massive demand from investors.
The presale numbers are already exploding:
$17.66 million raised in a short period
Current bargain price – $0.12965
66% staking reward
Safety audits by Coinsult and Spywolf
Investors seeking the next big altcoin with revolutionary tech, strong fundamentals, and a project solving real-world problems in DeFi and PayFi, Bitcoin Hyper offers a strong case.
Early adopters have the golden opportunity to snatch HYPER tokens at a low price now. You’re getting in early, so the margin of safety is high while the upside potential is massive. The opportunity is here now.
