Trump Backs $23B Bitcoin Plan as BTC Dips Beneath $116K: Is $110K Subsequent?

The Trump administration has renewed its dedication to constructing a Strategic Bitcoin Reserve regardless of scant point out in its newest official digital asset report. Bo Hines, head of digital property on the White Home, confirmed the plan is operational: “We’ve it, it’s been established.”

Although precise holdings stay undisclosed, the U.S. authorities at the moment controls an estimated 198,000 BTC, value over $23 billion, principally from legislation enforcement seizures.

Hines emphasised that Bitcoin holds “a category of its personal,” noting that the infrastructure to handle these reserves will roll out “in brief order.”

This marks a significant shift in U.S. digital asset coverage—one which indicators institutional confidence in Bitcoin’s long-term worth as a sovereign asset. Alongside this, the White Home urged regulatory collaboration between the SEC and CFTC to speed up crypto adoption.

SEC Launches Landmark Crypto Reforms

Extra excellent news for the bulls, SEC Chairman Paul Atkins introduced sweeping reforms to outline and disclose cryptocurrencies. On the America First Coverage Institute, Atkins referred to as this a “as soon as in a technology” alternative to simplify token classification and make tokenized securities extra accessible.

This comes on the heels of the Trump crypto working group’s proposal for federal digital asset buying and selling. With each political and regulatory backing, Bitcoin’s path to mainstream is getting clearer. Readability will scale back institutional concern and improve adoption.

Whale Accumulation vs. $9B BTC Promote-Off

On-chain information reveals a tug-of-war between long-term holders and sudden large-scale sellers. In keeping with Santiment, whales have acquired practically 1% of the entire BTC provide in simply 4 months, together with 30,000 BTC within the final 48 hours.

In the meantime, a Satoshi-era whale offloaded 80,000 BTC (value $9B) through Galaxy Digital, triggering short-term volatility.

Nonetheless, most BTC holders stay worthwhile—glassnode estimates that 97% of Bitcoin provide sits above price foundation, a bullish metric. Whale exercise has additionally spilled into different property like Ethereum, Solana, PEPE, and WIF. In July, SharpLink Gaming invested $780M in ETH, doubling down on crypto diversification.

This mixture of accumulation and profit-taking suggests a unstable however upward-biased Q3, with long-term conviction intact.

Bitcoin Breaks Help – Is $110K Subsequent?

Bitcoin value motion displays the uncertainty. BTC/USD is at $115,775, under $116,872 horizontal assist and the 50-SMA at $117,919. The triangle breakdown is confirmed by RSI at 33, and bearish momentum is in full swing.

• Latest candles are a spinning prime adopted by an enormous bearish engulfing candle.
• RSI divergence from value reveals weakening bullishness
• Key assist zones: $114,532, $112,726, $110,587

Technically, the failed triangle initiatives to $110,000 except we see a fast bounce.

Bitcoin Hyper Presale Over $6M as Worth Rise Nears

Bitcoin Hyper ($HYPER), the primary Bitcoin-native Layer 2 powered by the Solana Digital Machine (SVM), has raised over $6 million in its public presale, with $6,098,717 out of a $7,004,929 goal. The token is priced at $0.012475, with the following value tier anticipated to be introduced quickly.

Designed to merge Bitcoin’s safety with Solana’s velocity, Bitcoin Hyper allows quick, low-cost sensible contracts, dApps, and meme coin creation, all with seamless BTC bridging. The undertaking is audited by Seek the advice of and engineered for scalability, belief, and ease.

The golden cross of meme attraction and actual utility has made Bitcoin Hyper a Layer 2 contender to observe in 2025. With staking, a streamlined presale, and a full rollout anticipated by Q1, $HYPER is gaining severe traction.

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