Bitcoin (BTC) is trading near $114,770, up 0.66% on Tuesday, as institutional investors re-enter the market following a recent selloff. The recovery is driven by renewed corporate buying and easing geopolitical tensions between the U.S. and China. Strategy, the largest corporate Bitcoin holder globally, purchased 220 BTC for $27 million just before prices dipped to $110,000, bringing its total holdings to 640,250 BTC valued at approximately $73 billion. This move, financed through preferred share sales, nudged Strategy's average purchase price to around $74,000, signaling unwavering confidence in Bitcoin's long-term value.
Adding to the momentum, BlackRock's iShares Bitcoin Trust now manages roughly $94 billion, with half its investors being first-time clients. CEO Larry Fink endorsed Bitcoin as having a role similar to gold, marking a reversal from his earlier skepticism. In a CBS interview, he stated, "Crypto has a role, just like gold does. This is not a bad asset." This endorsement has fueled retail interest and deepened Bitcoin's mainstream footprint as digital gold amid inflation concerns.
In a surprising development, President Donald Trump has become one of Bitcoin's largest individual holders through his company, Trump Media, which purchased $2 billion in Bitcoin earlier this year. With a 41% ownership stake, Trump's indirect holding is valued at about $870 million. This mirrors MicroStrategy's treasury strategy and has contributed to a nearly 6% price increase since the purchase, reflecting growing optimism around political influence and crypto adoption.
Technically, Bitcoin is consolidating between $112,700 and $117,600, with a breakout above $116,100 (the 50% Fibonacci retracement) potentially triggering bullish momentum toward $119,800–$122,500. The RSI at 56 shows improving buying strength, and lower candle wicks indicate consistent dip accumulation. If resistance holds, BTC could retest support at $111,200. Market watchers view the convergence of Wall Street, corporate America, and political power as a strong signal of Bitcoin's institutional legitimacy.
Meanwhile, Bitcoin Hyper ($HYPER), a Bitcoin Layer 2 blockchain built on the Solana Virtual Machine (SVM), has raised over $23.4 million in its presale, with tokens priced at $0.013105. The project aims to merge Bitcoin's security with Solana's speed, enabling fast, low-cost smart contracts and decentralized apps. Audited by Consult, it emphasizes scalability and trust, with experts like Umar Khan suggesting 100x potential post-listing. The presale momentum reflects strong investor interest in expanding Bitcoin's ecosystem.
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