Bitcoin holds above 120,000, "alt season" signals emerge: Bitcoin L2 Bitcoin Hyper presale breaks 9 million dollars

Bitcoin price once again holds above $120,000, combined with interest rate cut expectations, driving activity in the crypto market. Signs of alt season are evident, with Bitcoin Hyper having sold $9 million in the presale stage, becoming the market focus. This article explores the dual engines of Bitcoin's technical and macro aspects, as well as the signals for the start of alt season. (Previous summary: Bitcoin surged to $124,500, setting a new historical high! Ethereum approaches $4,800) (Background: The market capitalization of crypto assets surged to $4.18 trillion, creating a new historical high! Bitcoin occupies 57%, while Ethereum takes 13%) (This article is a sponsored piece, provided by ClickOut, and does not represent the position of BlockTempo. This article involves meme coins related tokens, which may carry high volatility risks and are not investment advice. Please see the end of the article for the responsibility warning.) After a short-term pullback, Bitcoin (BTC) has once again stabilized around the $120,000 mark, currently reported at $120,024, with a slight increase of 0.07% in a single day. This rebound reflects not only a restart of bullish forces on the technical front but also combines with the macro backdrop of rising interest rate cut expectations in September, injecting a new round of capital momentum into the entire crypto market. As market sentiment warms up, signs of alt season become increasingly clear, with the most notable being the potential altcoin Bitcoin Hyper ($HYPER), which has sold $9 million in the presale phase. Dual engines of technical and macro aspects From a technical perspective, Bitcoin started its rebound from a low of $98,188 and reached a high of $123,226 in mid-month. After testing support at MA10 ($114,758), it stabilized and returned above MA5 ($117,093) yesterday, showing that short-term bullish funds are gathering again. Mid-term moving averages like MA20 ($110,491) and MA30 ($102,998) continue to rise, widening the distance from MA60 ($97,651), indicating that the mid-term trend remains robust. If it can effectively break through the previous high, it is expected to challenge $126,000 or even $130,000. On the macro front, the US CPI data for July was below market expectations, driving a sharp rise in the probability of an interest rate cut in September. The dollar index fell, with market risk appetite warming, and funds flowing back to high volatility markets such as crypto assets. An interest rate cut means lower capital costs and increased liquidity, providing support for Bitcoin and the entire crypto market, bringing momentum to the altcoin sector. Signals for the start of alt season When Bitcoin fluctuates at high levels, market share often shifts from BTC to explosive altcoins. Currently, Ethereum (ETH) is rising faster than Bitcoin and is seen as a typical signal of the start of alt season. At the same time, on-chain activity and trading volumes are recovering, with participation in DeFi, NFT, and emerging Layer 2 projects significantly increasing, indicating that market funds are looking for higher return targets. Against this backdrop, Bitcoin Hyper ($HYPER) has become a star to watch this summer. Officials state that HYPER has raised $9 million in presale, attracting over $250,000 in the past 24 hours alone. Bitcoin Hyper is the first Bitcoin Layer 2 network built on the Solana Virtual Machine (SVM), combining the security of Bitcoin with the high-speed performance of Solana, solving the bottleneck of traditional Bitcoin in trading speed and costs, and expanding into DeFi, gaming, payments, NFTs, and other application areas. Technically, HYPER uses a non-custodial bridging system, where BTC is locked on the underlying chain during its use in Layer 2, and an equivalent amount of wrapped BTC is issued, with almost zero transaction fees and instant confirmation. After use, the wrapped BTC is destroyed and the original assets are returned, balancing security and efficiency. Project data shows that the total token supply is fixed at 2.1 billion, with 30% used for development, 30% for financing, 25% for marketing, without a mechanism for additional issuance and with a burn mechanism. The HYPER token is the core of the entire ecosystem, responsible for transaction execution, governance, and staking functions, currently with an annual percentage rate of 241% for staking. Officials point out that the mainnet is scheduled to go live in the third quarter of 2025, with the current presale price at $0.012675, which is quite attractive for early participants. Some analysts believe that HYPER has the potential for tenfold or even higher growth, expected to be a standout project in the summer alt season of 2025. If Bitcoin breaks through $123,226 and experiences higher trade volumes, it will open up an attacking channel towards $130,000, while the macro backdrop coupled with interest rate cut expectations accelerates the flow of funds into the altcoin market. New coins like Bitcoin Hyper, which possess technical innovations and market narratives, have the opportunity to become major winners in this capital rotation. As the alt season further unfolds, combined with Bitcoin's strength and ample liquidity market conditions, the possibility of breaking through $140,000 in September is gradually increasing. Official website to purchase Bitcoin Hyper Conclusion The combination of Bitcoin's upward movement and interest rate cut expectations is driving the crypto market into a new round of activity. The high-level fluctuations of BTC and capital rotation effects create an excellent stage for altcoins, and Bitcoin Hyper, with its $9 million presale performance and Layer 2 innovative positioning, is expected to take center stage in this feast, becoming a dark horse in this round of alt season. Disclaimer Cryptocurrency investment is highly risky, and price fluctuations can lead to capital losses. This article is for reference only and does not constitute investment advice. Please do your own research (DYOR) and make careful decisions. (Sponsored disclaimer: The content of this article is a sponsored piece provided by the contributor, and the contributor has no relationship with BlockTempo. This article does not represent BlockTempo's position. This article does not intend to provide any investment, asset advice, or legal opinion, nor should it be regarded as an offer to purchase, sell, or hold assets. Any services, plans, or tools mentioned in the sponsored content are for reference only, and the final actual content or rules are subject to the publication or explanation from the contributor. BlockTempo is not responsible for any possible risks or losses and reminds readers to conduct their own careful checks before making any decisions or actions.) Related reports Bitcoin surged tenfold but couldn’t cash in! A Taiwanese netizen lost 1.5 BTC due to lost private keys and offered a reward of 360,000 for cracking it. Bitcoin's market share falls below 60%, creating a six-month low; is a new round of 'alt season' coming? Bitcoin Hyper rumored to launch its mainnet in the fall; can it become a catalyst for Bitcoin's rise in Q4? <Bitcoin holds at $120,000, "alt season" signals emerge: Bitcoin L2 Bitcoin Hyper presale broke $9 million> This article was first published in BlockTempo, the most influential blockchain news media.