Crypto prices have experienced notable volatility this week, with Tuesday opening on a downturn as both Ethereum and Bitcoin pull back. While Bitcoin has fallen to $110,000, its lowest point since early July, Ethereum has dropped to $4,400, marking a 10% decline from its Sunday all-time high (ATH).
Macroeconomic turmoil has impacted prices, following Donald Trump’s dismissal of Federal Reserve Governor Lisa Cook, and the upcoming release of GDP and PCE figures, prompting some traders to de-risk.
Yet while major cryptocurrencies struggle, a trending altcoin called Bitcoin Hyper ($HYPER) is continuing to build presale momentum unfazed. The project has just surpassed the $12 million raised mark, reflecting strong community support and clear resilience.
Bitcoin Hyper is developing a Bitcoin layer 2 blockchain to address the network’s main issues of slow speeds and limited functionality. It aims to unlock new use cases for Bitcoin beyond basic send and receive functions, such as DeFi, payments, and meme coins – so could it be the best crypto to buy now?
US Macros Cause Bitcoin, Ethereum Slump
Bitcoin has declined by 0.8% today and 4.6% this week, taking its current value to $110,100. Meanwhile, Ethereum is down 2.1% today but remains up 3.9% over the past week.
A growing sense of uncertainty is fueling the recent bearish momentum after Donald Trump fired Lisa Cook, accusing her of “deceitful and potentially criminal conduct” due to allegations that she falsified documents about her primary residence.
“Markets don’t think this move helps American business,” wrote Justin Wolfers, an economics professor at the University of Michigan, on X.
Meanwhile, the market is also waiting for revised GDP figures for Q2 2025 and the upcoming year-over-year core PCE data that will be released this week. An unexpected drop in GDP and rising inflation could trigger bearish momentum, which has contributed to traders de-risking and Bitcoin and Ethereum falling today.
That said, Bitcoin ended a six-day streak of spot ETF outflows on Monday with $219.1 million in inflows, while Ethereum ETFs attracted $443.9 million in inflows, signaling that institutional players remain optimistic.
However, with Trump firing Cook late Monday, Tuesday’s ETF movements will help provide a clearer gauge of the market’s full reaction to recent events.
Bitcoin Hyper Surges Past $12M Despite the Noise
While Bitcoin and Ethereum face macroeconomic-related volatility, market participants continue investing heavily in the Bitcoin Hyper presale. The project’s focus on improving Bitcoin’s transactional capabilities, along with its early stage and the emerging trend of Bitcoin whales shifting to altcoins, appears to be fueling the market’s deep-seated appetite.
Its presale has just surpassed $12 million raised, an impressive milestone that reflects strong market interest and potential for price growth when it hits exchanges.
“With this level of money flowing in, we’re seeing a whole lot of investor confidence, which makes me very bullish that this could be the next 100x gem,” explained crypto analyst Umar Khan in a recent YouTube video.
Bitcoin Hyper will be the first-ever Bitcoin L2 blockchain to use ZK-rollup technology, making it not only faster than its competitors but also more secure. This seems to be a key factor behind its presale surge, along with investors’ knowledge that Bitcoin L2s like Stacks are valued at over $1 billion, leaving plenty of room for the $HYPER price to grow.
The project also offers investors an opportunity to earn through staking rewards, which are available during the $HYPER presale and currently offer a whopping 91% APY.
Conclusion: Shakeout Before Crypto’s Strongest Ever Q4?
The increasing involvement of institutional capital means that Bitcoin and Ethereum are becoming more receptive to traditional price influences like macroeconomic trends. But although there has been volatility this week, the overall outlook remains strongly optimistic, signalling that this could be a shakeout before another upward move.
Expectations are high for interest rate cuts in September and beyond – following Fed chair Jerome Powell’s dovish remarks at the Jackson Hole summit last week. Meanwhile, global liquidity is rising, and regulatory developments such as GENIUS are helping to legitimize the industry and encourage adoption. Additionally, institutional investments through ETFs and corporate treasuries continue to grow.
Despite today’s price dip, these factors create what could be the strongest setup for a Q4 crypto rally ever. As a result, astute investors are now focusing on smaller altcoins like Bitcoin Hyper, recognizing that such projects have the potential for extreme gains once the overall market bullishness resumes.
