{"id":18179,"date":"2025-09-30T09:26:28","date_gmt":"2025-09-30T09:26:28","guid":{"rendered":"https:\/\/icobench.com\/?p=18179"},"modified":"2025-09-30T09:26:28","modified_gmt":"2025-09-30T09:26:28","slug":"bitcoin-price-today-surges-past-113k-as-etf-demand-and-altcoin-presales-ignite","status":"publish","type":"post","link":"https:\/\/icobench.com\/news\/bitcoin-price-today-surges-past-113k-as-etf-demand-and-altcoin-presales-ignite\/","title":{"rendered":"Bitcoin Price Today Surges Past $113K as ETF Demand and Altcoin Presales Ignite"},"content":{"rendered":"

Bitcoin price today<\/b> has <\/span>soared to $113,789.27<\/span><\/a>, gaining <\/span>1.82% in the past 24 hours<\/b>, as a surge in institutional volume pushes the market into new territory.\u00a0<\/span><\/p>\n

The breakout comes on the back of record flows into BlackRock\u2019s IBIT ETF, bullish technical patterns, and a major liquidity shift from offshore exchanges to regulated US products.<\/span><\/p>\n

\"Bitcoin<\/p>\n

Meanwhile, retail attention is turning to <\/span>Bitcoin Hyper<\/span><\/a> and <\/span>Maxi Doge<\/span><\/a>, two presale tokens gaining momentum as the broader crypto market heats up.\u00a0<\/span><\/p>\n

With sharp narratives, utility-driven models, and strong buyer interest, both altcoins are riding Bitcoin\u2019s breakout wave.<\/span><\/p>\n

IBIT Overtakes Deribit as Bitcoin Options Flows Flip to Wall Street<\/span><\/h2>\n

BlackRock\u2019s iShares Bitcoin Trust (IBIT) has officially surpassed Deribit in Bitcoin options open interest. Data from Bloomberg shows IBIT reaching <\/span>$38 billion in open interest<\/b>, <\/span>overtaking Deribit\u2019s $32 billion<\/span><\/a>. This shift in trading venue marks a structural change in how capital enters Bitcoin markets.<\/span><\/p>\n

The ETF, which now holds <\/span>$87 billion in assets<\/b>, has become the dominant gateway for US-based institutional traders.\u00a0<\/span><\/p>\n

With <\/span>Coinbase handling custody<\/span><\/a>, and regulated infrastructure in place, liquidity is increasingly flowing toward products aligned with traditional finance rules.<\/span><\/p>\n

This shift reduces the influence of offshore leverage trading, making the market more stable but also more reactive to real-world macro events.<\/span><\/p>\n

Bitcoin Still Far from Peak, Says Checkonchain Analyst<\/span><\/h2>\n

Despite sitting above $113K, analysts suggest Bitcoin has more room to run. Checkonchain data shows the current price is just <\/span>1.8x the previous cycle\u2019s high of $69K<\/span><\/a>, while historic bull runs have reached <\/span>3.5x multiples or more<\/b>.<\/span><\/p>\n

\"Bitcoin<\/p>\n

The 2023\u201325 bull cycle has not yet entered the typical euphoric phase. Instead, it\u2019s been driven by spot accumulation and ETF inflows rather than derivatives or leverage.<\/span><\/p>\n

James Check, co-founder of Checkonchain, says the next major price inflection could take BTC to <\/span>$240K<\/b> or even <\/span>$300K<\/b>, consistent with past post-halving rallies. If the pattern holds, the cycle peak may occur within the <\/span>final 60\u201390 days of 2025<\/b>.<\/span><\/p>\n

Bitcoin vs Gold: $151K Target Is a Milestone, Not the Ceiling<\/span><\/h2>\n

Crypto analyst ZynxBTC points out that <\/span>Bitcoin must hit $151K<\/span><\/a> to equal its all-time high in gold-denominated terms.\u00a0<\/span><\/p>\n

Even <\/span>with a market cap of $2.26 trillion<\/span><\/a>, Bitcoin represents <\/span>less than 0.2% of global assets<\/b>. That leaves room for exponential growth if the capital shift continues.<\/span><\/p>\n

\"Bitcoin<\/p>\n

Every major cycle has historically seen Bitcoin more than double its gold value. From a macro perspective, this sets a minimum near-term expectation.<\/span><\/p>\n

Unlike gold, Bitcoin has outperformed over the past 18 months by <\/span>more than 80%<\/b> in global terms.\u00a0<\/span><\/p>\n

Bitcoin Hyper Nears $20M as First BTC Layer 2 Gains Steam<\/span><\/h2>\n

\"Bitcoin<\/p>\n

Bitcoin Hyper<\/b> has raised $19.29 million<\/span><\/a>, rapidly approaching its next price milestone with just hours remaining. The presale is attracting users frustrated by Bitcoin\u2019s slow confirmation times and high fees.<\/span><\/p>\n

This Layer 2 protocol is designed to offload congestion from the Bitcoin main chain using <\/span>Solana\u2019s Virtual Machine<\/b> for ultra-fast throughput. Transactions clear in seconds, not hours, and the system retains Bitcoin\u2019s security via zero-knowledge proofs.<\/span><\/p>\n

Key features of Bitcoin Hyper:<\/b><\/p>\n