Bitcoin Price Up 1% As This Layer-2 BTC ICO Closes On $7M

The Bitcoin price rose 1% in the last 24 hours to trade at $114,649 as of 10:45 p.m. EST as investors slowly start to buy the crypto.

That slight uptick in the BTC price comes after municipal workers from the city of Lugano, Switzerland, recovered the iconic “disappearing” statue of the pseudonymous Bitcoin creator Satoshi Nakamoto that was reported stolen on Saturday.

The statue was discovered in several pieces, indicating vandalism rather than theft for monetary gain. 

Missing statue of bitcoin inventor found in the water pic.twitter.com/fCHhQsp3pK

— Documenting ₿itcoin 📄 (@DocumentingBTC) August 3, 2025

Bitcoin Price Trying To Take Back A Recently-Lost Support

Daily chart for WBTC/USD (Source: GeckoTerminal)

The Bitcoin price is attempting to reclaim the support level at $114,756.11 after dropping below the mark in the last couple of days, data from GeckoTerminal shows. Should the leading crypto manage to break back above this mark, bulls might re-enter BTC’s charts and start to push its price up towards the next major technical barrier at $121,610.13.

However, a rejection from the $114,756.11 level might invalidate that bullish thesis. In an alternative case, the Bitcoin price might pull back towards the nearest support level at $109,705.78.

Technicals Suggest The Bitcoin Price Could Climb Some More

From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggest the Bitcoin price might rise over the next 24 hours. 

MACD Histogram bars have started to climb in the last 48 hours, which suggests that the MACD line is starting to rise towards the MACD Signal line. Traders might see this as an indication that BTC’s momentum is starting to turn more bullish. If the gap between the two lines continues to narrow, it could lead to a bullish crossover of the MACD and MACD Signal lines. 

Meanwhile, the RSI has risen in the last couple of days as well, a classic sign of growing buyer strength. With the latest reading just below the neutral 50 mark, bulls and bears have an equal opportunity to take control of the Bitcoin price. However, the improving momentum signalled by the MACD and the upward slope of the RSI suggest buyers might push BTC up higher.

Overall, technicals are starting to show early bullish signs. However, bears could still overpower bulls, especially with the $114,756.11 resistance level nearing. 

As the Bitcoin price looks to reclaim support, investors are piling into the presale for Bitcoin Hyper (HYPER). According to crypto analyst and YouTuber Crypto Boy, who has over 61K subscribers, HYPER is an amazing project.

Bitcoin Could Soon Have Its Own Application Layer

Bitcoin has established itself as a decentralized store of value over the years. Additionally, the blockchain’s robust infrastructure has ensured zero downtime. However, the blockchain has started to lag in terms of scalability and speed when compared to faster, more cost-effective solutions such as Ethereum and Solana. Enter Bitcoin Hyper.

The project is a layer-2 scaling solution built for the Bitcoin blockchain. It integrates with the Solana Virtual Machine (SVM), giving users SOL’s lightning-speeds while still maintaining Bitcoin’s security. 

In addition to higher levels of scalability, Bitcoin Hyper will also bring smart contract functionality to the Bitcoin blockchain. This means that decentralized apps could soon make their way to the BTC ecosystem, which could give the Bitcoin network its own application layer. 

That could finally see Bitcoin transition from just a decentralized store of value chain to a more utility-focused network that can be used for payments and a variety of other decentralized applications. 

Bitcoin Hyper Presale Closes On $7 Million

Investors are already buying into what Bitcoin Hyper has to offer, and have pumped over $6.8 million in early-stage funding into the project. 

There’s still time left for investors to get in at this ground level of the project. Selling for $0.012525 apiece, HYPER tokens can be bought with either ETH, SOL, USDC, USDT, BNB or bank card. 

Once purchased, the tokens can also be staked for an attractive 157% APY.

In order to secure the best presale deal, investors will want to hurry. HYPER’s price will rise as its ICO progresses. The next presale price hike will take place in around 29 hours. 

Visit the official Bitcoin Hyper website to learn more. 

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