The US Government’s $24B Bitcoin Stockpile is Intact. Is $BTC Hype Helping Bitcoin Hyper’s Push to $5M?

The crypto market left out a sigh of collective relief as Arkham debunked rumors of the US government liquidating 85% of its Bitcoin ($BTC) supply.

This should at least help cushion the currently bearish sentiment on $BTC, caused in part by whale-driven supply shocks.

Positive $BTC news can also help fuel Bitcoin Hyper’s ($HYPER) presale momentum as the Bitcoin-focused project pushes to $5M raised.

Crypto analytics platform Arkham posted on X that the US government’s Bitcoin stockpile, worth $24B, remains intact. This comes after reports came out last week speculating that the government had sold off about 170K of its 198K $BTC supply.

The post is a much-needed breather for the world’s most valuable crypto as it slid below $116K over the past several hours.

Driving this current downturn are fears that whales are pivoting away from $BTC and into other crypto such as $ETH.

For one, Galaxy Digital moved at least 5K $BTC to various exchanges and addresses in the past hour, according to Arkham data.

This follows the transfer of over 40K $BTC from a long-dormant wallet to Galaxy Digital’s wallet last week. These movements could mean several things, such as the whale cashing in on $BTC’s current growth.

Some also speculate that the whale is considering investing in other cryptocurrencies, such as $ETH, which has recently gained a lot of traction.

This uncertainty has sent jitters throughout the market, driving $BTC’s price below $116K, its lowest in the last two weeks. It’s currently trading at just above $115K, and is down by 3% in the last 24 hours.

Overall, though, $BTC remains the coin to beat, a fact that should support Bitcoin Hyper ($HYPER) as it inches closer to raising $5M for its project.

Despite Bitcoin’s status as the number one cryptocurrency in the market, it’s bogged down by fundamental issues like slow transactions, high fees, and limited scalability.

Bitcoin Hyper ($HYPER) aims to address these challenges with the development of its Layer-2, a scalability project integrating the Solana-Virtual-Machine. It’s specifically targeted for cross-chain Bitcoin use.

Once launched, the L2 will bring lower fees, greater flexibility, and transaction speeds that are faster than Solana’s L1 — all while retaining Bitcoin’s robust security.

Powering this project is its native $HYPER token. Holding this will not only allow you to support the project but also enjoy various ecosystem perks, like voting rights on DAO decisions and community proposals, as well as access to exclusive on-chain dApps and launchpads.

Of course, you can also use $HYPER to pay for gas fees within the L2. Alternatively, you can stake your tokens and earn rewards at 205% p.a.

Over 50% of the tokenomics supply will fuel this network, with 25% going to the treasury, and another 30% to the L2’s long-term development.

The Bitcoin Hyper presale is still ongoing, and you can get tokens for only $0.0124 each. But with a new round of price increase happening a day from now, it’s best to get yours while they’re still this cheap.

To date, the project has raised $4.7M+ and can easily surpass the $5M milestone soon. The price will go up again once the presale hits $5,174,440.

You can learn more about the project by reading the whitepaper and our guide on how to buy Bitcoin Hyper.

As with any form of investment, a few bumps are to be expected along the way. The same is true for Bitcoin as the market seeks more clarity on the recent whale activity.

It’s great news that the US government’s Bitcoin holdings remain intact. This signals commitment from the Trump administration, especially with its support for crypto-friendly legislation.

As the panic dissipates and bullish sentiment returns for $BTC, this will be a huge plus for Bitcoin-scaling projects like Bitcoin Hyper ($HYPER).

With the development of its high-speed, low-fee Layer 2, it could add a much-needed kick to help Bitcoin adapt to the growing demands of an ever-evolving market.

Before you invest in crypto, be sure to do your research and never put in more than you’re willing to risk. This is not investment advice.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.