The Best Crypto to Buy Now That Bitcoin Has Just Hit $93,500

It has increased by 5.7% today and by 12% this week. Easing macroeconomic concerns and rising institutional adoption sparked the rally.

Bitcoin price today hit $93,500, a new high since early March, as traders continue to push the cryptocurrency higher. It has risen by 5.7% over the past 24 hours and by 12% over the past week.

The crypto price surges as macroeconomic concerns ease and institutional adoption sparks further rally

A new report from The Financial Times reveals that Cantor Fitzgerald, SoftBank, Bitfinex, and Tether are entering a $3 billion joint venture to form a crypto acquisition company.

The move is reportedly aimed at replicating the playbook of Michael Saylor’s Strategy, hence focused on long-term Bitcoin accumulation.

The partnership will create a special purpose acquisition company (SPAC) to acquire and integrate promising crypto startups into a broader ecosystem.

This move underscores the increasing interest in the crypto space from traditional financial institutions.

The partnership will combine the strengths of each firm to identify and invest in the most promising crypto startups.

Paving the way for large-scale capital inflows into the Bitcoin ecosystem, this year could see billions, or even trillions of dollars, flowing into the crypto ecosystem.

With that in mind, here are the best crypto to buy now.

BTC Bull Token is offering APY on Bitcoin

With rising institutional interest, Bitcoin is well-positioned for huge capital inflows in the coming months. This will make holders richer and provide additional resources (in fiat terms) to generate wealth.

Many holders may look for ways to compound their Bitcoin, either to increase their long-term holdings or to cash out some bull market gains.

Right now, one of the smartest ways to generate Bitcoin yield is BTC Bull Token. It’s branded like a Bitcoin-themed meme coin, but the project is built on an innovative token incentive model.

It tracks Bitcoin’s price and will distribute $BTC and $BTCBULL to holders at key milestones on its journey to $1 million, starting when it hits $100K. The project will run additional airdrops at $150K, $200K, $250K, and so on.

BTC Bull Token also has a staking mechanism that allows holders to stake their tokens for additional passive rewards, and there’s a burn mechanism, too. Burning periodically destroys a portion of the $BTCBULL supply at Bitcoin price milestones, increasing the asset’s scarcity and value.

It takes Bitcoin’s scarcity dynamics and adds real Bitcoin yield and memetic branding – it’s an industry first with serious potential.

The project is undergoing a presale and has raised over $4 million so far. Considering that billions, or even trillions of dollars, will flow into the Bitcoin ecosystem this year, there’s clearly substantial growth potential for $BTCBULL presale buyers.

The crypto market’s 24-hour trading volume is $133 billion, up 49% today. This reflects more activity as traders take new positions to maximize gains.

One cryptocurrency set to capitalize on this is Hyperliquid, a layer 1 blockchain focused on decentralized perpetual futures trading.

The project offers a futures exchange with fiat on-ramping, low latency, low fees, and high speeds. It’s among the most advanced DeFi products on the market.

As the bull market continues and trading activity increases, Hyperliquid will attract more users, which will increase demand for $HYPE and cause its price to rise.

This is evident in the past week, with $HYPE proving a top performer with a 26% gain, outpacing most other large-cap cryptos. We could well see this trend continue in the coming months.

One way to generate yield on Bitcoin is through BTC yield aggregators. These projects offer high APY on $BTC in return for liquidity provision or other contributions to the protocol.

One such project is Hyperliquid, which is developing a layer-1 blockchain optimized for decentralized perpetual futures trading.

The project offers a futures exchange with fiat on-ramping, low latency, low fees, and high speeds, making it one of the most advanced DeFi products on the market.

Hyperliquid is also launching a decentralized autonomous organization (DAO) to govern the protocol and allocate its treasury.

The DAO will enable community members to participate in decision-making and shape the future of Hyperliquid.

Another way to generate yield on Bitcoin is through Bitcoin layer-2 blockchains, such as Stacks.

Stacks is a smart contract platform that runs parallel to Bitcoin and is focused on building out the BTC DeFi ecosystem.

It offers several yield-bearing assets, such as liquidity mining programs for its stablecoin, STX Chain, and BTC DeFi protocols.

Stacks is also developing new use cases for Bitcoin, such as decentralized applications (dapps) and decentralized autonomous organizations (DAOs).

These innovations are attracting interest from developers and institutions, which is increasing the demand for Stacks and causing its price to rise.

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