Bitcoin Price Rises Slightly As This Layer-2 Presale Hits $7M

Bitcoin Price Prediction: BlackRock And ARK Indicate Interest In Bullish IPO As This BTC Layer-2 Presale Hits $7 Million

BySteven Walgenbach

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Updated: 05 August 2025

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The Bitcoin price recorded a minor uptick in the last 24 hours to trade at $114,631.59 as of 10:43 p.m. EST as investors slowly start to buy the crypto.

The slight increase in the BTC price comes as crypto exchange operator and media company Bullish plans to raise between $568 million and $629 million through a US initial public offering (IPO).

Investment accounts managed by subsidiaries of BlackRock and ARK Investment Management have shown interest in purchasing up to $200 million worth of Bullish stock at the IPO price, according to the company’s filing with the US Securities and Exchange Commission (SEC).

Bitcoin Price Edges Closer To Resistance, Can It Break Through?

Daily chart for WBTC/USD (Source: GeckoTerminal)

The Bitcoin price is attempting to overcome a resistance level at $115,610.62, data from GeckoTerminal shows. A break above this barrier with clean volume could clear the space needed for BTC to rise to as high as $120,704.78 if the bullish pressure persists.

Conversely, a rejection from the $115,610.62 mark could lead to a drop towards the immediate support level at $110,516.45. Falling below this technical safety net might then expose the Bitcoin price to the risk of plunging all the way down to $104,876.49 if buyers don’t step in.

Early Bullish Technical Signs Suggest The Bitcoin Price Might Keep Climbing

Looking at technical indicators, bulls appear to have the upper hand against bears, which could lead to a break above the $115,610.62 barrier. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show early positive signs.

The MACD line is rising towards the MACD Signal line on the daily chart. If this gap between the two lines keeps shrinking, it could result in a bullish crossover in the next 24-48 hours. Traders might then identify this technical development as an indication that the crypto market leader’s price has entered a short-term positive trend.

Meanwhile, the RSI has managed to break above the neutral 50 mark, which is a classic indication that buyers have gained an upper hand over sellers. However, the RSI line has since narrowed off in the mid 50s. If sellers step in at this point, it won’t take much for them to regain control of the Bitcoin price.

As BTC technicals start to flash bullish, investors are piling into the presale for Bitcoin Hyper (HYPER). Crypto analyst and YouTuber Crypto Boy, who has over 61K subscribers, says HYPER is an amazing project.

Bitcoin Will Soon Have Its Own Layer-2 Scaling Solution

Over the years, Bitcoin has cemented its position as the leading blockchain with its first-mover advantage. Just recently, institutions have started buying into Bitcoin’s BTC coin, a sign of growing institutional investor trust. While adoption for the blockchain and its native crypto grows, there have been very few upgrades to the network’s infrastructure since its inception.

That is likely because developers are trying to preserve as much of the original source code as possible as a sign of respect to Satoshi Nakamoto. Nevertheless, the Bitcoin blockchain has fallen behind in terms of scalability, as cheaper and more cost-effective competitors such as Ethereum and Solana start to gain market share. Enter Bitcoin Hyper.

The project aims to scale the Bitcoin blockchain. To achieve this, Bitcoin Hyper does not alter any of Bitcoin’s existing code base. Instead, it runs in parallel to the network.

Through layer-2 scaling technology and an integration with the Solana Virtual Machine (SVM), the project will increase the number of transactions that Bitcoin can facilitate at any given time.

There is also a decentralized Canonical Bridge, which makes it easy for users to bridge between the Bitcoin base chain and the BTC Hyper network. Once on the latter, users will also be able to transact with a range of decentralized apps, all within the BTC ecosystem.

The combination of Solana speeds and Bitcoin’s security will likely help Bitcoin regain its lost market share, and could subsequently position HYPER to rally from the increased adoption.

Hyper Presale Breaks Past $7 Million

Investors are already betting big on HYPER’s future, and have pumped over $7 million into the project’s ongoing ICO.

Interested investors can acquire HYPER via the simple widget embedded on the project’s website. Selling for $0.012525 apiece, HYPER can be purchased with either ETH, SOL, USDC, USDT, BNB or bank card. After getting a hold of some tokens, the HYPER can also be staked for an attractive 154% APY.

In order to secure the best presale deal, investors will want to act fast. HYPER’s price will rise as its ICO progresses. The next presale price hike will happen in about 14 hours.

Check out HYPER.