As Bitcoin price pumps high, the Trump crypto team is scrambling to push progress on the CLARITY act – and a new Bitcoin Layer 2 is making headlines on the approach to $32M raised.
President Donald Trump has fired off a strong message on Truth Social, calling out banks for trying to derail key crypto legislation and urging quick action on the Clarity Act, which is currently moving through the U.S. Senate.
Trump argued that passing this bill would build on the Genius Act’s success, keep the U.S. at the forefront of progress in the digital asset space, and prevent the Web3 industry from shifting its focus to other countries.
This news has driven fresh momentum within the crypto market, with Bitcoin climbing 6.38% in the last 24 hours and breaking above $71,000. After weeks of bearish sentiment that saw the Crypto Fear and Greed Index hit a score of 5 (“Extreme Fear”) on February 6, and more recent disruption caused by the ongoing conflict in Iran, analysts now see signs of a potential bottom – and possibly even a return to previous cycle highs.
At the same time, the Bitcoin Hyper (HYPER) presale has surged past $31.8 million in funds raised, attracting hundreds of buyers daily.
Because of its focus on scaling Bitcoin through a high-speed Layer 2 network, the project is attracting even more interest as Donald Trump pushes for clearer rules that could boost crypto and DeFi adoption this year.
Trump’s Truth Social post slammed banks for achieving record profits while holding up progress on the Clarity Act, which he described as the vital next step after the Genius Act to solidify America’s crypto edge.
He also warned that without the Clarity Act, the Web3 industry could start fleeing to other countries, such as China. The Act aims to resolve long-standing turf wars between U.S. financial industry regulators, define clear roles for agencies like the SEC and CFTC, and set definitive standards for digital assets.
Negotiations have dragged on during recent months, with stablecoin yields becoming a flashpoint between crypto firms and TradFi institutions. Banks have pushed to limit rewards on these tokens, but the White House has stepped in to broker deals, aiming for passage before midterm elections begin.
As the analyst Ash Crypto pointed out on X, Bitcoin’s weekly RSI is now at historic lows, with the OG crypto’s price testing 2021’s all-time high amid “max fear.”
This technical analysis indicates that a BTC rebound could be near, especially if regulatory wins materialize. With Bitcoin showing promise above $71,000, constructive policy progress, like an agreement on the Clarity Act, might fuel the next leg up.
That renewed optimism has also extended to emerging projects building on Bitcoin’s foundation – such as Bitcoin Hyper (HYPER).
Bitcoin Hyper (HYPER) is working to bring a creative new Layer 2 approach to the Bitcoin ecosystem by integrating the Solana Virtual Machine (SVM) and enabling speedy, low-cost transactions while preserving Bitcoin’s core security.
The L2 will provide supercharged DeFi services (including staking and swaps), Web3 games, NFT marketplaces, meme coin launchpads, and other dApps directly on Bitcoin. It will also address long-standing issues such as slow speeds and high fees that have held BTC back from wider use.
The HYPER presale has now exceeded $31.8 million, with the token offered at a temporary discount of $0.0136765. However, HYPER’s price is due to rise tomorrow, giving an advantage to the fastest movers.
After Bitcoin Hyper’s L2 launches, HYPER will serve as gas for on-chain fees, the go-to coin for staking incentives, and the only way to acquire governance voting rights and exclusive ecosystem perks.
The project’s presale has seen even more action following Trump’s Clarity Act push, as clearer U.S. crypto regulations could accelerate adoption of all kinds of Web3 technologies (including Layer 2s) and attract more capital to Bitcoin-based innovations.
With Bitcoin Hyper’s mainnet launch targeted for later in Q1, the project has passed audits and is focusing on establishing a trustless bridge for seamless BTC transfers. As Bitcoin rebounds, Bitcoin Hyper’s utility is already setting it up for significant gains.
To start a new HYPER position, first head to the Bitcoin Hyper website. From there, you can connect your favorite crypto wallet (we recommend using Best Wallet) and make your purchase using ETH, BNB, USDT, USDC, SOL, or even a bank card.
The Best Wallet app, available on the Apple App Store and Google Play, makes it easy to buy and stake HYPER directly.
The 37% staking APY and presale price of $0.0136765 are the same across the Best Wallet app and the official HYPER site.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
