Bitcoin News Today: Kaspa Surges 11% Breaking $0.10 Barrier

Kaspa (KAS) has recently experienced a significant technical breakout, capturing the attention of traders worldwide. After weeks of steady accumulation, KAS surged past the crucial $0.10 barrier and is currently trading around $0.108, marking an over 11% increase for the day. This surge not only reclaimed the psychological level but also closed above its 200-day moving average of $0.092, a feat not consistently achieved since October 2023. This breakout signals a notable shift in trend, indicating a potential bullish momentum for KAS.

Examining the daily chart, Kaspa has been building momentum since late June. The Relative Strength Index (RSI) is pushing into the 76–77 zone, which is typical during strong uptrends. This is the first time in nearly a year that KAS has convincingly reclaimed its long-term moving average. The last time this occurred, the price surged from $0.10 to nearly $0.22 within two weeks, suggesting a similar potential for growth.

While the Kaspa chart appears bullish, the price has already increased by almost 40% in two weeks, indicating short-term risk. For long-term bullish investors, averaging in is a viable strategy, but it is advisable not to invest all at once due to the risk of a sudden market correction. A retest of the breakout zone around $0.095–$0.10 could offer a cleaner entry point. For those who feel they have missed the move, Bitcoin Hyper ($HYPER) presents an alternative opportunity. Bitcoin Hyper is a project that offers smart contracts and DeFi capabilities for Bitcoin, features that KAS does not provide.

Bitcoin Hyper is a next-generation Layer-2 scaling solution built for Bitcoin, utilizing the Solana Virtual Machine (SVM) to deliver lightning-fast speeds and smart contracts. Unlike Kaspa, which focuses on ultra-fast Layer-1 PoW blocks, Bitcoin Hyper leverages advanced technology from the Solana ecosystem to unlock real-world utility. Key features of Bitcoin Hyper include the Solana Virtual Machine for processing smart contracts and transactions at Solana speeds, a Canonical Bridge for secure cryptographic proofs, parallel processing for fast transaction confirmations, and DeFi and dApps capabilities that turn BTC into a DeFi powerhouse. Additionally, Bitcoin Hyper employs zero-knowledge proofs for secure and private transactions, and its native token, $HYPER, powers staking, governance, and discounted gas fees within the network. Users retain full control of their assets, with no centralized custody or middlemen involved.

Kaspa’s price action demonstrates significant strength, and if it maintains above $0.10, the path toward $0.12 and $0.15 could open up quickly. However, for those seeking an earlier opportunity with more narrative upside and exposure to Bitcoin, DeFi, and speed, Bitcoin Hyper’s presale might be a more attractive option. With over $4 million already raised, momentum for Bitcoin Hyper is building rapidly, and it stands out as a project with substantial potential beyond the typical meme coin hype.