Bitcoin News Today: Bitcoin drops below $113,000 as Mutuum Finance token surges 250% in presale

Bitcoin has fallen below the $113,000 mark, continuing a downward trend that has seen major altcoins such as Ethereum, XRP, and Solana drop over 4 percent in the last 24 hours [1]. This broader decline has drawn investor attention to more resilient opportunities, with Mutuum Finance (MUTM) emerging as a notable contender. The project is currently in Phase 6 of its 11-stage presale, with its token price having risen 250% from its initial offering of $0.01 to $0.035. So far, the presale has raised over $14 million, with more than 665 million tokens sold to 14,800 holders [1].

Amid Bitcoin’s slide to $112,012—nearly 9% below its mid-July high—whale activity has intensified. A prominent Bitfinex whale is reportedly accumulating Bitcoin at a rate of $400 per second, using a uniform order placement strategy. This behavior signals a belief in Bitcoin’s long-term potential despite its recent volatility. Analysts have linked the market weakness to broader macroeconomic factors, including revived Trump tariffs and disappointing U.S. job data [1].

Mutuum Finance has bolstered its credibility through a CertiK smart contract audit, achieving a 95.00 security score. To further enhance platform integrity, the project has launched a bug bounty program offering a $50,000 USDT reward pool, structured across four tiers based on vulnerability severity. Additionally, a dynamic dashboard ranks top token holders and incentivizes long-term holding through bonus rewards [1].

With the presale advancing quickly, Phase 7 is set to increase the token price by 14.3% to $0.04. The official launch price of $0.06 provides early buyers in Phase 6 with a minimum 71% return on investment. More aggressive estimates suggest that MUTM could reach $3.50 post-launch, potentially delivering over 9,900% returns for early investors [1]. The project’s real-world utility—a decentralized lending protocol operating on Layer-2 technology—differentiates it from speculative assets and supports its long-term value proposition.

While Bitcoin and other major cryptocurrencies face ongoing volatility, Mutuum Finance presents a structured opportunity with clear growth metrics and robust security. Investors seeking exposure to a utility-driven DeFi project with defined returns are increasingly turning to MUTM, which continues to attract attention as it moves toward its next price stage.

Source: [1] Bitcoin dips under $113K as traders buy; cheap crypto set to rally harder (https://invezz.com/news/2025/08/05/bitcoin-dips-under-113k-as-traders-buy-cheap-crypto-set-to-rally-harder/)