Bitcoin is presently at $108,410, down 3.1% within the final 24 hours, as merchants weigh new macroeconomic developments in opposition to long-term predictions. Talking on the Bitcoin Asia Convention in Hong Kong, Eric Trump acknowledged that Bitcoin would attain $1 million, citing two major causes: the mounted 21 million provide and rising institutional demand.
NEW:
Eric Trump says there’s "no query" that Bitcoin will hit $1 million.
"All people needs Bitcoin, everyone seems to be shopping for Bitcoin." pic.twitter.com/oVCdVEUdG4— Bitcoin Archive (@BTC_Archive) August 29, 2025
He additionally talked about China’s rising function in digital belongings, regardless of the mainland’s retail ban on these belongings. He pointed to the event of yuan-backed stablecoins, whereas Hong Kong has handed a stablecoin invoice to solidify its place as a worldwide crypto hub.
And one other Trump-linked mining enterprise goes to listing on Nasdaq, so he mentioned his household is “all in” on this neighborhood.
Amdax Pushes to Safe 1% of Bitcoin Provide
Institutional accumulation can be accelerating in Europe. Dutch crypto agency Amdax raised $23.3 million to launch its new treasury car, AMBTS, which goals to ultimately purchase 210,000 BTC — almost 1% of Bitcoin’s complete provide. At at present’s costs, that aim equates to greater than $23 billion in Bitcoin holdings.
JUST IN:
Amdax plans to launch a #Bitcoin treasury firm referred to as AMBTS on the Dutch inventory change.
Goals to personal atleast 1% of bitcoin provide pic.twitter.com/b1DETGvp0a— Bitcoin Journal (@BitcoinMagazine) August 18, 2025
The corporate plans to develop via extra funding rounds and a possible IPO on Amsterdam’s Euronext change. This echoes the technique pioneered by Michael Saylor’s Technique (previously MicroStrategy), which turned company treasuries into one in every of Bitcoin’s largest demand engines.
Different international companies, together with Tesla, MercadoLibre, Rumble, Sequans, and Metaplanet, have additionally expanded their Bitcoin purchases. Extra gamers enter the market, provide on exchanges will get tighter, worth goes up.
Technique Clears Lawsuit, Strengthens Place
Technique, the biggest company Bitcoin holder, wins a authorized battle. A lawsuit accusing the corporate of misrepresenting traders about new fair-value accounting guidelines was dismissed with prejudice, eradicating a giant overhang.
[DECRYPT] Technique Traders Drop Lawsuit Over Bitcoin Profitability Guarantees$BTC $MSTR $STRK $STRF $STRD $STRC
— BecauseBitcoin.com (@BecauseBitcoin) August 29, 2025
The agency can now focus totally on increasing its $68 billion Bitcoin treasury, which accounts for greater than 3% of the circulating provide. Analysts view this as a big confidence booster for the corporate and the market as an entire, because it removes a layer of authorized uncertainty that has been weighing on sentiment this yr.
Bitcoin Value Prediction – Technical Outlook
Technically, Bitcoin continues to be in a descending channel since mid-August, with help at $108,400 and resistance at $111,000. The RSI sits round 30, brushing oversold territory, whereas the MACD histogram stays destructive, confirming that bears nonetheless have the higher hand.
A breakout above $111,000 might flip momentum, paving the way in which towards $113,650 and $116,850, with the subsequent goal at $120,250. Alternatively, failing to carry $107,800 dangers deeper losses, probably reaching $105,150 and $101,500 on the channel ground.
For merchants, the play is easy: bullish above $111,000, bearish beneath $107,800. Lengthy-term institutional demand and company treasuries will preserve Bitcoin as digital gold, so $130,000 is in sight as soon as this consolidation is over.
Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Safety With Solana Velocity
Bitcoin Hyper ($HYPER) is positioning itself as the primary Bitcoin-native Layer 2 powered by the Solana Digital Machine (SVM). Its aim is to develop 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 venture opens the door to completely new use circumstances, together with seamless BTC bridging and scalable dApp growth.
The crew has put robust emphasis on belief and scalability, with the venture audited by Seek the advice of to present traders confidence in its foundations.
Momentum is constructing shortly. The presale has already crossed $12.7 million, leaving solely a restricted allocation nonetheless out there. At at present’s stage, HYPER tokens are priced at simply $0.012825—however that determine will enhance because the presale progresses.
You should buy HYPER tokens on the official Bitcoin Hyper web site utilizing crypto or a financial institution card.
Click on Right here to Take part within the Presale
The put up Bitcoin Value Prediction: Eric Trump Targets $1M as Amdax Eyes 1% Provide appeared first on Cryptonews.