Bitcoin is holding above $112,000 as blockchain adoption grows in conventional markets. The US Division of Commerce introduced that Chainlink (LINK) and Pyth (PYTH) will present official US financial information like GDP and PCE Value Index immediately onchain.
Pyth will present 5 years of historic GDP information and Chainlink will present 6 macroeconomic indicators throughout a number of chains together with Ethereum and Avalanche. It will enhance transparency and open up new alternatives in threat administration, lending, DeFi and prediction markets.
We're excited to announce that Chainlink and the USA Division of Commerce (@CommerceGov) have labored collectively to deliver U.S. authorities macroeconomic information onchain.https://t.co/qHIw8DyEgX
These new Chainlink Information Feeds securely ship crucial data round key…— Chainlink (@chainlink) August 28, 2025
This has boosted confidence in Bitcoin as merchants see it as one other step in the direction of establishments getting nearer to crypto.
El Salvador’s $1B Bitcoin Goal
El Salvador’s Bitcoin wager is again within the highlight. President Nayib Bukele shared market predictions that the nation’s BTC holdings might attain $1B by the top of 2025.
At present, El Salvador holds 6,282 BTC, price over $709 million. Prediction markets reacted rapidly: Kalshi odds of hitting $1 billion earlier than November surged from 20% to 38% earlier than settling at 27%, whereas Polymarket confirmed 43% odds of the milestone by December 2025.
BULLISH: President Bukele teased on X about pushing El Salvador’s $BTC stash to $1B. pic.twitter.com/JgWHUm9415
— Cointelegraph (@Cointelegraph) August 28, 2025
Regardless of reviews that BTC purchases slowed after a $1.4 billion IMF mortgage, Bukele confirmed acquisitions stay ongoing. Merchants see the sovereign wager as a sign of institutional confidence, serving to Bitcoin keep momentum above $112,000.
Key takeaways:
- El Salvador holds 6,282 BTC (~$709M).
- Odds of reaching $1B BTC holdings in 2025 rose sharply.
- Market optimism strengthened BTC help above $112K.
Trump-Backed Bitcoin Miner Joins Nasdaq
Including gas to Bitcoin’s adoption story, American Bitcoin, a mining agency backed by Eric and Donald Trump Jr., will listing on Nasdaq this September via a merger with Gryphon Digital Mining.
The all-stock deal provides Hut 8 an 80% stake, whereas the Trump brothers and companions will management about 98% of the brand new entity. With backing from the Winklevoss twins, the agency is exploring mining enlargement in Hong Kong and Japan.
NEW: American Bitcoin, backed by Eric Trump, Donald Trump Jr, and Hut 8, is ready to go public on Nasdaq through merger with Gryphon Digital Mining.
The brand new entity will commerce beneath ABTC in early September, with Trump brothers and Hut 8 proudly owning 98%. pic.twitter.com/MJLSQX05N3— Satoshi Membership (@esatoshiclub) August 28, 2025
For merchants, the itemizing alerts that Bitcoin’s affect is reaching deeper into politics and Wall Road, reinforcing institutional momentum at a time when BTC is urgent towards key resistance.
Bitcoin Value Forecast – Technical Outlook
Bitcoin trades close to $112,300, testing the higher boundary of a descending channel. Resistance looms at $116,850, a degree that has capped rallies since August. A breakout might unlock $120,900–$124,450.
Momentum is firming. The RSI is at 55, recovering from oversold territory, whereas the MACD has turned bullish. Lengthy decrease wicks close to $111,000 recommend dip patrons stay lively, weakening bearish conviction.
If BTC fails to remain above the 50-SMA at $111,563, draw back dangers lengthen towards $108,695 and $105,150. Nonetheless, a confirmed breakout above $116,850 with robust quantity would mark the primary clear pattern reversal in weeks.
For merchants, the playbook is obvious: aggressive bulls might goal $120K-$124K, cautious buyers might anticipate affirmation. With ETF inflows again and institutional backing rising, Bitcoin’s construction is tightening up and a breakout is close to – one that would propel the long run run to $130K and past.
Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Safety With Solana Pace
Bitcoin Hyper ($HYPER) is positioning itself as the primary Bitcoin-native Layer 2 powered by the Solana Digital Machine (SVM). Its objective is to increase the Bitcoin ecosystem by enabling lightning-fast, low-cost good contracts, decentralized apps, and even meme coin creation.
By combining Bitcoin’s unmatched safety with Solana’s high-performance framework, the mission opens the door to thoroughly new use instances, together with seamless BTC bridging and scalable dApp improvement.
The crew has put robust emphasis on belief and scalability, with the mission audited by Seek the advice of to present buyers confidence in its foundations.
Momentum is constructing rapidly. The presale has already crossed $12.5 million, leaving solely a restricted allocation nonetheless obtainable. At at present’s stage, HYPER tokens are priced at simply $0.012815—however that determine will enhance because the presale progresses.
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