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The Bitcoin price has dropped 4% in the last 24 hours to trade at $116,656 as of 7:54 a.m. EST on a 22% surge in trading volume to $70 billion.
This slump in the BTC price comes as the UK-based banking giant Standard Chartered becomes the first global bank to offer spot crypto trading to Institutions backed by a Luxembourg license.
🇬🇧 STANDARD CHARTERED LAUNCHES SPOT BITCOIN TRADING TO INSTITUTIONS IN UK
Standard Chartered becomes first global systemically important bank to offer access to spot bitcoin trading. pic.twitter.com/nhoWYR1rlt
— Radar 𝘸 Archie🚨 (@RadarHits) July 15, 2025
Standard Chartered launched Bitcoin (BTC) and Ethereum (ETH) spot trading for corporate and institutional clients, fully integrated with its existing FX platform. Clients can subsequently buy the two crypto market leaders directly through the bank.
Bitcoin Price Hits A Snag At $123,217
The BTC 3-day chart shows price action currently sitting at $117,196, down 2.25%, with the 200 Simple Moving Average (SMA) at $75,026 trending to the upside.
There have been some wild swings since late 2024, but the trend is still looking bullish. The 50 SMA at $96,977 is also trending upward and is above the 200 SMA, further confirming the current bullish bias.
BTCUSD Analysis Source: Tradingview
The Relative Strength Index (RSI) at 66.28 is slightly still below overbought levels (70), giving room for more upside.
Meanwhile, the Average Directional Index (ADX), which shows the strength of a trend, is at 22.60 and headed upward, showing the current BTC bullish trend is gaining strength.
Bitcoin Price Prediction – Where Is BTC Headed Next?
On the chart, those pink resistance zones at $124,057 and $142,904 are the next targets. If BTC breaks $124K, there could be a moonshot to $140K by the end of Q3 2025, especially with Standard Chartered’s institutional push.
Following the recent breakout from the $109,000 mark about 8 days ago, the price has been on a rampage, and today (June 15) is the first cool-off day.
Investors Seek A Faster, Cheaper Bitcoin With Layer-2 Boost – Is This The Best Crypto To Buy Now?
As Bitcoin takes a short break from its rally, investors are turning their attention to a new layer-2 project called Bitcoin Hyper (HYPER), now in presale.
While Bitcoin is still seen as a strong store of value, its slow transactions and lack of smart contract features have held it back from being widely used in DeFi, NFTs, and daily payments.
Bitcoin Hyper wants to fix that. The project is gaining momentum, raising millions in its presale with a plan to upgrade Bitcoin through a powerful layer-2 solution.
Using the Solana Virtual Machine, Bitcoin Hyper adds smart contracts and fast, low-cost transactions to the Bitcoin network, without weakening its core security. It’s like giving Bitcoin the speed and flexibility it needs, while keeping its original strengths.
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
At the heart of Bitcoin Hyper is a decentralized bridge that lets users “wrap” their BTC, move it into the high-speed layer-2 environment, and then burn the wrapped token to redeem their original BTC. This seamless process makes it possible to use Bitcoin in real-world dApps, trade NFTs, and interact with DeFi platforms, just like you would on Ethereum or Solana.
In short, Bitcoin Hyper upgrades Bitcoin from a digital vault to a fully usable, high-performance ecosystem.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER is one of the best crypto ICOs to buy now.
HYPER Presale Nears $3 Million
Bitcoin Hyper has already raised over $2.88 million, with investors interested in its big goals and the chance to earn up to 304% per year by staking.
Right now, HYPER costs just $0.012275. You can buy it using ETH, USDT, BNB, or a credit card by visiting the official website and connecting your wallet.
Hurry though, as the price will rise in less than 29 hours.
Check out the Bitcoin Hyper website.
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