Bitcoin has surged through $70,000, rising 11.58% in the past 24 hours to $71,802.02 after several bullish catalysts converged in the market.

The U.S. Treasury expanded its long-dated bond buyback program, a move that helped pull yields lower and ease pressure on risk assets. At the same time, President Donald Trump has continued promoting a more crypto-friendly agenda from Washington, contributing to a sharp improvement in sentiment across digital assets. The rally also triggered a wave of short liquidations, adding further momentum as BTC moved higher.

For market participants looking for the next crypto to explode, the latest Bitcoin move has returned attention to Bitcoin-native infrastructure. Bitcoin Hyper (HYPER), which remains in presale at $0.01368, has raised $33 million on the premise that Bitcoin may be becoming more valuable while still lacking additional ways to use it.

Why Bitcoin Moved Above $70,000

Bitcoin’s latest advance was not driven by a single factor. The Treasury’s decision to increase buybacks of longer-dated bonds helped stabilize a bond market that had been weighing on risk assets through sharply higher yields.

Lower yields reduce some of the relative appeal of government debt versus speculative assets and can also weaken the dollar, conditions that often support crypto prices.

Washington’s stance on digital assets has also become more supportive. Trump’s White House crypto push has included pressure on lawmakers and regulators to move more quickly on clearer rules, adding another layer of optimism around the sector.

Once BTC began moving higher, positioning amplified the rally. A large block of bearish bets was liquidated as Bitcoin broke upward, forcing traders to buy back into a rising market.

The result was an 11.58% daily gain that pushed Bitcoin comfortably above $70,000.

What has not changed is Bitcoin’s speed of use. Despite the rally, the network itself is no faster to transact on than it was before the move.

Bitcoin Became More Valuable, Not More Useful

That is where Bitcoin Hyper enters the picture. Bitcoin’s core capabilities are unchanged. Its Layer 1 still processes transactions at roughly seven per second and remains poorly suited to real-world payments or decentralized finance.

Bitcoin Hyper says it brings the Solana Virtual Machine into a faster Layer 2 execution environment above Bitcoin, allowing BTC-linked activity to move away from the slower base chain while still using Bitcoin as the underlying monetary foundation.

In practice, BTC is bridged onto Bitcoin Hyper’s Layer 2, where the SVM handles transactions. HYPER is used as the gas token for activity on the network, and batches of Layer 2 transactions are later settled back to Bitcoin’s main chain.

The structure means Bitcoin remains the monetary base, while HYPER pays for faster execution on top of it.

For users, the goal is to make BTC value move quickly enough for everyday payments, trading, and other frequent transactions, rather than sitting idle in a wallet.

The SVM also gives developers a programmable environment for building applications around Bitcoin-linked capital, offering an alternative for protocols that typically rely on Ethereum and other faster networks.

Bitcoin Hyper’s core argument is that BTC can continue doing what it already does well while another layer handles the activities that require greater speed.

Presale Raises $33 Million

The HYPER presale has raised $33 million at a token price of $0.01368. Supporters of the project are backing the idea that Bitcoin’s large holder base will eventually want more practical ways to use the asset.

The latest BTC rally strengthens that case in one obvious way: an 11% rise in Bitcoin’s price adds a large amount of dollar value to the capital already held within the network.

That capital, however, is still primarily a store of value rather than a currency.

$HYPER $BTC There's no better Duo. pic.twitter.com/PjwVFWIpga — Bitcoin Hyper (@BTC_Hyper2) August 13, 2026

$HYPER $BTC There's no better Duo. pic.twitter.com/PjwVFWIpga — Bitcoin Hyper (@BTC_Hyper2) August 13, 2026

Bitcoin Hyper says it offers a faster way to move BTC, make payments, and interact with applications, expanding the potential market as Bitcoin itself grows. The project says the $33 million raise shows it has already attracted substantial early support.

The presale currently offers staking with a 35% APY, and the project says Coinsult and SpyWolf have audited its smart contracts.

Is HYPER the Next Crypto to Explode?

Bitcoin’s 11.58% surge shows how quickly crypto prices can move when macro conditions and regulation align.

The investment case is presented less as a price target than as a utility question: Bitcoin aims to remain valuable, while holders may want faster ways to use it. Bitcoin Hyper’s pitch is that adding Solana speed could help make that possible.

The idea of turning Bitcoin into a more usable currency is back in focus.