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The Bitcoin price dropped a fraction of a percentage in the past 24 hours to trade at $117,726 as of 12:24 a.m. EST, with trading volume plunging 10% to $39.9 billion.
This slight decrease in the BTC price comes even after Michael Saylor’s Strategy said it bought 21,021 Bitcoin following a $2.46 billion raise from its fourth preferred stock, making it the largest US initial public offering in 2025 so far.
The latest buy was at an average purchase price of $117,256 per coin, which brings its total stash to 628,791 BTC.
Strategy has acquired 21,021 BTC for ~$2.46 billion at ~$117,256 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 $BTC acquired for ~$46.08 billion at ~$73,277 per bitcoin. $MSTR $STRK $STRF $STRD $STRC https://t.co/PEQQGfvkYe
— Michael Saylor (@saylor) July 29, 2025
Such a purchase is a strong sign of the continued interest from firms turning to BTC as an inflation hedge. Will this result in a BTC price surge?
Bitcoin Price Eyes $130K As Bullish Channel Holds Strong
The BTC price has been steadily climbing within a well-defined rising channel since April 2025, indicating a sustained bullish trend.
The recent Bitcoin price action shows a minor consolidation near the top of the channel after touching highs close to $122,000, as GeckoTerminal data shows.
BTC’s price is currently hovering around $117,726, suggesting a healthy pullback within the uptrend.
Meanwhile, the 50-day Simple Moving Average (SMA) ($111,368) remains well above the 200-day SMA ($98,767), confirming the bullish structure with a golden cross formed around $93,041. The price of Bitcoin remains above both the SMAs, which cements the overall bullish trend.
BTC appears poised for another potential leg upward. As long as the price of Bitcoin holds above the $113,800 support and remains inside the channel, a breakout toward $125,000 and potentially $130,000 could be in sight.
The Fibonacci retracement levels highlight potential support zones, with $113,851 (0.236 level) and $108,549 (0.382 level) acting as key levels to watch in the short term, if the bears take charge of the price.
As the Bitcoin price aims for a rally towards a new all-time high (ATH), investors are also piling into a new BTC-themed token called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Token Presale Races Towards $6 Million – Buy And Stake For 176% APY
Bitcoin’s robust security architecture has established it as the gold standard for cryptocurrency. However, transaction speed limitations have restricted its utility in modern decentralized applications.
Enter BTC Hyper. It’s the first layer-2 solution for Bitcoin built using Solana’s Virtual Machine (SVM).
That means blazing-fast transaction speeds, scalable infrastructure, and a seamless bridge between two of the most recognized blockchain ecosystems, Bitcoin and Solana.
It is a straightforward solution, and it is based on a bridge that acts as the on-ramp between BTC and its layer-2.
When a user wants to bring their BTC into the high-speed Bitcoin Hyper network, the BTC is first sent to that bridge and securely locked on the base chain.
From there, an equivalent amount of wrapped BTC is minted within the layer-2 environment, which is the version that moves quickly across apps, powers trades, and supports activity like DeFi or gaming.
While that happens, the original BTC stays put. It doesn’t leave the Bitcoin blockchain. It’s locked, tracked, and still part of the base layer’s ledger, which means every deposit, withdrawal, and bridge-related event still touches Bitcoin’s network.
Bitcoin Hyper is here to supercharge Bitcoin.
Built on the Solana Virtual Machine, it brings lightning-fast, low-cost transactions to Bitcoin’s ecosystem perfect for payments, meme coins, and powerful dApps.
With zk-proofs and Layer 1 anchoring, it’s fast and secure.
Presale is… pic.twitter.com/qMi0sZb7Ld— halo (@haloETH) May 11, 2025
Bitcoin Hyper is gaining traction, having raised over $5.8 million in early-stage funding so far.
Apart from scalability, the team has allocated 5% of the total 21 billion HYPER token supply for rewards, offering investors an impressive 176% annual percentage yield (APY) for purchasing and staking the tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.01245 each using crypto or a bank card.
Buy before the next price increase in about 9 hours.
Visit the Bitcoin Hyper website.
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