Bitcoin just hit a new all-time high, days after breaking a previous record, proving yet again why it’s the greatest investment asset – certainly from an accessibility point of view – of the 21st century.
$BTC climbed to $124,501 in the early hours today, edging past its previous all-time high of $123,217 by the slimmest of margins. Yet the move is still highly significant.
Why? Because it signals that the broader crypto market has now priced in the strong likelihood of a Federal Reserve rate cut in September.
Prediction market Polymarket shows that an overwhelming 88% of users expect the Fed to lower interest rates by at least 25 basis points.
Such a move would likely ignite risk-on sentiment, funneling fresh capital into traditionally higher-risk assets like cryptocurrencies. And Bitcoin is naturally positioned at the center of that inflow.
Keep reading to learn more about the factors pushing $BTC to new highs – and which is the best crypto to buy to ride this wave.
Top Catalysts Behind Bitcoin’s Surge to Record Highs
To understand what’s really propelled $BTC to become the sixth-largest asset in the world by market cap, overtaking long-standing juggernauts like Google and Amazon, it helps to rewind to July, when Bitcoin previously set a fresh all-time high.
That month saw a wave of pro-crypto policy changes, starting with the GENIUS Act, which is the first major U.S. legislation aimed at establishing a clear regulatory framework for digital assets.
Then came Project Crypto, a government-backed initiative to integrate blockchain solutions into public infrastructure, boost transparency, and foster adoption at the institutional level.
Also in the mix was the 401(k) Crypto Asset Expansion, which opened the door for retirement accounts to include approved digital assets.
This is a major step toward democratizing crypto investment and unlocking a fresh wave of mainstream capital.
Even better? On the charts, yesterday’s daily candle closed above the previous ATH.
This is a far stronger bullish signal than if the price merely touched it and closed lower. A decisive close above resistance shows the bulls are firmly in control and aiming to drive the price higher.
Looking to capitalize on crypto’s newfound explosiveness? Here are 3 top altcoins you can consider including in your portfolio.
1. Bitcoin Hyper ($HYPER) – New Bitcoin Layer 2 for Solana-Like Performance
Bitcoin Hyper ($HYPER) is developing the first true Layer 2 solution for Bitcoin built to speed up transactions, slash costs, and bring Solana-like programmability and full Web3 compatibility to the network.
Currently, Bitcoin processes just 7 transactions per second, which is around 400 times slower than what Solana, aka the go-to blockchain for high-frequency traders, NFT creators, and dApp developers.
$HYPER’s Layer 2, however, will change this thanks to its Solana Virtual Machine (SVM) integration and a decentralized, non-custodial canonical bridge.
The SVM will allow developers on Bitcoin to build smart contracts and decentralized applications with the same ease and functionality they enjoy on Solana.
Next, the canonical bridge will convert your native $BTC into ‘wrapped’ $BTC, fully compatible with Hyper’s Layer 2.
It’s worth noting that original Layer 1 $BTC won’t function on Layer 2, which is why the canonical bridge is so essential.
These wrapped tokens can then be used to access Hyper’s Web3 ecosystem, including DeFi trading platforms, NFT marketplaces, lending and staking protocols, DAOs, and gaming dApps.
Buying $HYPER will unlock a bunch of exclusive perks, including:
- Potential 2,400% in gains over the next few months, with $HYPER predicted to hit $0.32 by year-end.
- Staking rewards, currently yielding 116%
- Lower gas fees (paid in $HYPER)
- Governance rights over the network’s future
Bitcoin Hyper has already raised a whopping $9.3M in early investor funding, and each token is currently priced at just $0.0127.
Visit $HYPER’s official website for more information.
2. Best Wallet Token ($BEST) – Native Crypto of a Non-Custodial, User-Friendly Crypto Wallet
Best Wallet Token ($BEST) is a top altcoin perfectly positioned to capitalize on the booming crypto wallet market – a segment that’s been growing at a staggering 31.9% CAGR.
At its core, $BEST is the native cryptocurrency of Best Wallet, a free crypto wallet with an ambitious goal to capture over 40% of the non-custodial crypto wallet market by 2027.
How does it plan to do so? By offering a solid mix of top-tier security and ease of use.
Best Wallet is non-custodial, meaning you’re the only one with access to your private keys.
This is paired with state-of-the-art encryption, MFA options including biometric login, and safeguards against hacks, scams, and phishing websites, giving you complete peace of mind.
But buying $BEST isn’t just about security; it gives you access to a long list of exclusive perks you won’t find in other wallets:
- Reduced trading and gas fees on Best Wallet
- Staking rewards, currently offering 91% APY
- Early-bird access to new meme coins in presale
- Voting rights on key platform decisions
Even better? Our $BEST price prediction suggests the token could surge up to 180% by the end of 2025, potentially reaching $0.072.
Each token is currently available for a low price of $0.025475, and the project has in total raised over $14.7M in early investor funding.
Learn all about $BEST by visiting its official website.
3. Cardano ($ADA) – Mainstream Crypto Poised for Another Leg Up
The ninth-largest cryptocurrency by market cap, Cardano ($ADA) is a utility-focused token built to provide a secure, scalable network for decentralized applications and smart contracts.
$ADA, too, has surged on the back of growing expectations for a rate cut and a wave of pro-crypto policy changes in recent weeks.
In fact, it has soared an eye-popping 28% in just the past three days and is now holding firm above the crucial $1 level.
Interestingly, DeepSeek recently set an ambitious $3 price target for Cardano, pointing first to the rapidly increasing likelihood of an ADA ETF approval in 2025.
According to Polymarket, the chances of the SEC approving a Cardano ETF this year have surged from 69% on August 8 to a staggering 85% on August 13.
Why’s this important? Because an ETF approval would open the door for traditional investors to gain exposure to $ADA through regulated channels, likely unleashing a wave of fresh institutional demand for the token.
The technicals look solid, too. The token recently broke out of a descending triangle pattern, and based on this setup, it could climb to $1.32610 (the triangle’s previous high) within the current rally itself.
Wrapping Up
With Bitcoin firmly in uncharted territory, powered by a mix of pro-crypto regulatory shifts and bullish technicals, smart high-risk, high-reward investors are turning their attention to projects like $HYPER and $BEST as prime contenders for the next crypto to explode.
However, kindly bear in mind that none of this is financial advice. The crypto market is highly unpredictable, and you must always do your own research before investing.
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