Anticipated Bitcoin Surge: Anthony Pompliano Outlines $750 Million Purchase Strategy, Experts Suggest Layer-2 for Potential 10-fold Increases
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In the past 24 hours, Bitcoin took a 2% tumble, settling at an eye-popping $104,947 as of 7:55 a.m. EST. A jaw-dropping surge in trading volume of 48% pushed the figure to $51.6 billion.
The price drop in the crystal cryptocurrency comes after the Financial Times reported that Anthony Pompliano might lead an investment firm aiming to gather a whopping $750 million to gobble up Bitcoin. Details could surface next week, the FT claims.
💰 JUST IN: Anthony Pompliano mulling over a role to head an investment firm aiming to amass a staggering $750M for $BTC, FT reports. 🔗
Even though this bit of news is fabulous for Bitcoin, surging chaos in the Middle East following Israel's air assaults on crucial nuclear and ballistic missile sites in Iran, sent the Bitcoin price plummeting.
Bitcoin Price Teeters on the Brink of a 12% Plunge!
A peep at the Bitcoin/USD 3-day chart reveals the 50-day Simple Moving Average (SMA) sliding at a steep $94,822, whereas the price hangs precariously above at $104,947. The price has been on a fortunate roll since late 2024, cracking past the $100K mark recently, with a high of $112,063.
Those green circles pinpointing key junctures on the consolidation zone between $92,000 and $101,000, highlight where Bitcoin lately broke out of. Owing to the turbulent tensions in the Middle East, the Bitcoin price took a nosedive, testing the upper boundary of the range.
With just 1 day left before closing the 3-day candle, all eyes are glued on the crucial support level of $101,000, which also functions as a neckline for a potential double top pattern. If the price fails to remain beyond this support level, it could propel the asset towards $94,000 or even lower.
BTCUSDT Analysis Source: Tradingview
Indicators Foreshadow More Gloom for Bitcoin Price
A closer examination of the technical indicators reveals the Relative Strength Index (RSI) at a measured 57.25, which neutral but heading southward, suggesting buying pressure is diminishing.
The Moving Average Convergence Divergence (MACD) also foreshadows a possible bearish crossover, hinting at an impending bearish reversal. If the market dips, the bulls might hold their ground around the $92,000 mark, serving as the floor of the range. A drop below 92,000 could lead to troubles and could potentially slide the Bitcoin price down to $78,000.
Data from the Coinglass Liquidation Map indicates that there were more cumulative short liquidation leverage ($3.69 billion) compared to longs ($2.35 billion) in the past 24 hours. This bias indicates that bearish sentiment is currently ruling the roost in the Bitcoin market, as traders anticipate the price might fall further.
A detailed analysis of the liquidation map also reveals that the $102,000 to $106,000 zone is a key consolidation level for Bitcoin. This signals that, despite a gloomy outlook from the chart and technical indicators, Bitcoin price might survive and float above the $101,000 critical support.
Bitcoin Hyper Presale Soars Over $1.1M - Mind-blowing Crypto on the Horizon?
With the Bitcoin price grappling with Middle East troubles, investors are rushing towards a brand new Bitcoin Layer 2 called Bitcoin Hyper (HYPER). This promising project has amassed a staggering $1.1 million in funding during its presale.
Bitcoin Hyper strives to make using Bitcoin quicker and cheaper. Presently, sending Bitcoin can take up to an hour and cost substantial fees, even reaching as much as $10 for a mere $20 payment. Bitcoin Hyper promises to fix this.
It operates on the Solana Virtual Machine (SVM), enabling transactions to occur in seconds with minuscule fees. To partake in it, you simply transfer your Bitcoin to a special address through something known as the Canonical Bridge. After that, you can enjoy super swift and inexpensive BTC payments.
💰 Bitcoin Hyper is now live in Best Wallet! Developing Bitcoin's initial Layer 2 aimed at real scalability - catering to fast, cheap BTC transactions, meme coins, dApps, and more.
It's secure via the Bitcoin L1 and powered by Solana VM technology, ensuring high speed and immense capacity. 🔗
- Best Wallet (@BestWalletHQ) June 5, 2025
The system relies on a smart contract called the Bitcoin Relay Program that checks the Bitcoin blockchain to confirm your transaction. Upon verification, you obtain the same amount of Bitcoin on Hyper's swift Layer 2 network, where you can send, stake, or trade it right away.
The setup uses zero-knowledge proofs to keep things secure, and your Bitcoin remains tied to the security of the primary Bitcoin network. You can effortlessly transfer your holdings back to regular Bitcoin whenever you're finished.
Scoop Up HYPER Tokens Now - Enjoy a Blistering 626% APY
The HYPER token is the native asset of the Bitcoin Hyper L2 network and offers staking rewards of up to 626% APY at this moment. The rate drops as more investors stake their tokens, so it's wise to join in promptly. With 30% of tokens dedicated for development and 10% for exchange listings, the team is preparing for a growth spurt.
According to 99Bitcoins, a highly esteemed cryptocurrency channel on YouTube boasting over 723K subscribers, HYPER might be the seedling crypto to buy right now.
Bitcoin Hyper tokens are on sale for a mere $0.011875 apiece, and can be purchased with crypto or a bank card.
Thrilled investors should buy before a price surge within mere hours.
💼 Grab Bitcoin Hyper tokens now
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Gear UpJoin Our Telegram channel to stay tuned for all the latest breaking news coverage
- Investors might find solace in Bitcoin Hyper, a new Bitcoin Layer 2 project aiming for faster and cheaper transactions, as the Bitcoin price continues to grapple with increased chaos in the Middle East.
- In light of the recent turbulence in Bitcoin's price, Anthony Pompliano is reportedly mulling over a role to head an investment firm aiming to amass a staggering $750M for Bitcoin, which could have a significant impact on the technology and finance sector.
