Bitcoin stabilizes at $120,000, 'altcoin season' signals emerge: Bitcoin L2 Bitcoin Hyper presale breaks $9 million

Bitcoin price has stabilized at $120,000 again, combined with expectations of interest rate cuts, driving activity in the crypto market. The signs of an altcoin season are becoming evident, with Bitcoin Hyper selling $9 million in the presale phase, 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 altcoin season. (Previous updates: Bitcoin surged to $124,500, setting a new historical high! Ethereum approaches $4,800) (Background info: Cryptocurrency market cap surged to $4.18 trillion, setting a new historical high! Bitcoin accounts for 57%, while Ethereum takes 13%) (This article is a sponsored piece written and provided by ClickOut and does not represent the views of Dong District. This article involves meme coins (Memecoins) related tokens, which may carry extremely high volatility risks and is not investment advice. Please see the end of the article for the disclaimer.) After experiencing a short-term pullback, Bitcoin (BTC) has once again stabilized above the $120,000 mark, currently reported at $120,024, with a slight daily increase of 0.07%. This rebound not only reflects the resumption of bullish momentum on the technical side but is also combined with the warming macro backdrop of interest rate cut expectations in September, injecting new capital momentum into the entire crypto market. While market sentiment is warming, the signs of altcoin season are increasingly evident, with the most notable being the potential altcoin - Bitcoin Hyper ($HYPER), which has already sold $9 million in the presale phase. Technical and macro dual engines From a technical perspective, Bitcoin started its rebound from a low of $98,188 and reached a high of $123,226 in the middle of this month. After testing the support of MA10 ($114,758) during the pullback, it stabilized and returned above MA5 ($117,093) yesterday, indicating that short-term bullish funds are gathering again. Mid-term moving averages like MA20 ($110,491) and MA30 ($102,998) continue to rise, and the distance from MA60 ($97,651) is widening, 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 $130,000. On the macro side, the U.S. July CPI data was lower than market expectations, driving a sharp rise in the chances of an interest rate cut in September. The dollar index fell, and market risk appetite warmed, with funds flowing back into crypto assets and other high-volatility markets. Interest rate cuts mean lower funding costs and increased liquidity, providing support for Bitcoin and the entire crypto market, bringing momentum to the altcoin sector. Signals for the start of altcoin season When Bitcoin is in a high-level consolidation, capital market share often shifts from BTC to explosive altcoins. Currently, Ethereum (ETH) is rising faster than Bitcoin and is seen as a typical signal of the altcoin season. At the same time, on-chain activity and trading volume are rebounding, and participation in DeFi, NFTs, and emerging Layer 2 projects has significantly increased, indicating that market capital is looking for higher-return targets. Against this backdrop, Bitcoin Hyper ($HYPER) has become a star of attention this summer. The official announcement states that HYPER has raised $9 million in the 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, addressing the bottleneck of traditional Bitcoin in transaction speed and cost, and expanding into DeFi, gaming, payments, NFTs, and other multi-domain applications. Technically, HYPER adopts a non-custodial bridging system, where BTC is locked on the underlying chain when used on 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 burned and the original asset is returned, ensuring safety and efficiency. Project data shows that the total token supply is fixed at 21 billion, with 30% for development, 30% for financing, and 25% for marketing, with no inflation mechanism and a destruction mechanism. The HYPER token is the core of the entire ecosystem, responsible for transaction execution, governance, and staking functions, currently offering an annualized staking yield of up to 241%. The official points out that the mainnet is planned to launch in the third quarter of 2025, and the current presale price is $0.012675, which is quite attractive for early participants. Some analysts believe that HYPER has the potential for 10 times or even higher growth and is expected to become a standout project in the altcoin season of summer 2025. If Bitcoin breaks through $123,226 and gains volume, it will open up a channel for an upward attack toward $130,000, while the macro aspect, along with interest rate cut expectations, will accelerate the flow of funds into the altcoin market. New coins like Bitcoin Hyper, equipped with technological innovation and market narratives, have the opportunity to become major winners in the capital rotation. As the altcoin 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 consolidation of BTC and the capital rotation effect create an excellent stage for altcoins, while Bitcoin Hyper, with its $9 million presale performance and Layer 2 innovative positioning, is expected to stand center stage in this feast, becoming the dark horse of this altcoin season. Disclaimer Cryptocurrency investment is highly risky, with significant price volatility that may lead to capital loss. This article is for reference only and does not constitute investment advice. Please conduct your own research (DYOR) and make cautious decisions. 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Is a new round of 'altcoin season' coming? Bitcoin Hyper rumored to launch its mainnet in autumn. Will it become a catalyst for Bitcoin's Q4 surge? "Bitcoin stabilizes at $120,000, 'altcoin season' signals emerge: Bitcoin L2 Bitcoin Hyper presale breaks $9 million" This article was first published on Dong District BlockTempo (Dong District Trend - the most influential blockchain news media).