Bitcoin Price Jumps 2% As This BTC Layer-2 ICO Heads For $8M

Bitcoin Price Prediction: BTC Jumps 2% As Trump Nominates New Fed Board Member, While This Layer-2 Presale Races Towards $8 Million

BySteven Walgenbach

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Updated: 08 August 2025

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The Bitcoin price jumped 2% in the last 24 hours to trade at $116,860.90 as of 11:33 p.m. EST as investors increase their exposure to the crypto market leader.

The rise in the BTC price came shortly after the news that US President Donald Trump nominated Stephen Miran, chair of the Council of Economic Advisors, to replace the departing Adriana Kugler on the Federal Reserve’s Board of Governors.

Bitcoin Price Breaks Through Resistance, Can It Keep Climbing?

Daily chart for WBTC/USD (Source: GeckoTerminal)

The Bitcoin price was able to clear the technical obstacle at $115,893 in the last 24 hours, data from GeckoTerminal shows. If bulls continue to push BTC up in the next 24 hours, they could target the next major resistance level at $120,435.

That bullish thesis might not play out if the Bitcoin price drops back below $115,893 in the short term due to a change in the broader market’s trend. In this alternative scenario, the crypto market leader might end up dropping to $111,002, or even $104,714 in an extreme bearish case.

After clearing the $115,893 resistance, technical indicators on the daily chart suggest the Bitcoin price could rise higher in the next 24-48 hours. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are still flashing bullish.

Bitcoin Price Technicals Flash Bullish Despite A Drop In Volumes

That’s as the MACD line rose towards the MACD Signal line over the last couple of days. Now, the prior is about to break above the latter. This intersection could trigger a major bullish technical flag that might prompt traders to up their BTC long sizes.

Buyers also seem to be growing gradually stronger, with RSI readings rising from the mid-to-high 40s to the mid 50s in the last 72 hours. While the current reading is still below the neutral 50 mark and signals that sellers maintain the advantage, the positive slope of the RSI line suggests this may not be the case for much longer.

Traders will just want to keep an eye on trading volumes. There has been a drop in the last 24 hours. This could just be because the new daily candle is in its early stages. However, there’s already a wick developing above the current candle, warning that sellers are trying to push the BTC price down.

As the BTC price tries to keep its bullish move going, investors are also buying a new presale token called Bitcoin Hyper (HYPER). According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER is one of the best crypto ICOs to buy now.

Bitcoin About To Have Its Own Scaling Solution

Bitcoin is the original blockchain that established a blueprint for a series of layer-1s to follow in the years after its inception. This has given the market faster and more cost-efficient solutions such as Ethereum and Solana.

However, there have not been a lot of upgrades to the original Bitcoin blockchain’s source code. This is likely because developers are trying to keep as much of the original code as possible, as a sign of respect to the network’s pseudonymous creator, Satoshi Nakamoto.

If that is the case, then Bitcoin will need a scaling solution that can help the network achieve a higher throughput without overhauling its source code in order to keep its market dominance. Enter Bitcoin Hyper.

The project is a BTC-focused layer-2 solution that integrates with the powerful Solana Virtual Machine (SVM). What this means is that HYPER could soon introduce SOL speeds to the BTC ecosystem.

In addition to the higher speeds, Bitcoin Hyper will also add smart contract functionality to the BTC ecosystem, which could see a range of new decentralized apps all backed by Bitcoin’s robust security.

Bridging between the Bitcoin base chain and HYPER layer-2 is a seamless process due to the project’s decentralized Canonical Bridge.

Powering that whole system will be the HYPER token, which is poised to surge as adoption grows.

HYPER Presale Goes Parabolic

Investors are already betting big on HYPER’s future, and have pumped more than $7.6 million into the project’s ongoing ICO. Whales have also started to scoop up the token at this early stage.

To acquire HYPER while it’s still in presale, investors can buy tokens via the simple widget embedded on the project’s website. Selling for $0.012575, HYPER can be bought with either ETH, SOL, USDC, USDT, BNB or bank card.

Once purchased, investors can also stake HYPER for an attractive 140% APY.

In order to secure the best ICO deal, interested investors will want to act fast. HYPER’s price will increase as its presale progresses, with the next ICO price hike about 24 hours away.

Check out HYPER.