Bitcoin News Today: Bitcoin Falls to $113,000 as Crypto Market Struggles with Volatility WeWake Presale Hits $550,000 in Stage 7

Generated by AI AgentCoin World
Friday, Aug 8, 2025 9:47 am ET1min read
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Aime RobotAime Summary

- Bitcoin fell to $113,000 after failing to break $116,000, triggering broader crypto market declines with major tokens like XRP and Solana recording losses.

- WeWake Finance's Stage 7 presale raised $550,000 of $560,000, showcasing resilience amid volatility, with token price set to rise to $0.0205 in Stage 8.

- The platform streamlines blockchain access via social login and automated wallets, aiming to bridge traditional users and Web3 by eliminating wallet management and gas fees.

- WAKE token allocation prioritizes ecosystem growth (32% presale, 14% incentives) while leveraging Layer 2 zk-rollup tech to reduce onboarding friction for new users.

Bitcoin’s price dipped to $113,000 after failing to break through the $116,000 resistance level [1]. The decline followed a brief recovery attempt, which was cut short by renewed market uncertainty. The broader cryptocurrency market also turned negative, with several major tokens—such as

XRP
,
Solana
, and Toncoin—recording losses. Pi Network, which had previously shown a short period of stability, dropped again, while BONK and PENGU recorded some of the day’s largest declines. Persistent global economic concerns and policy uncertainty continue to fuel high volatility across the space [1].

In contrast to the broader market slump, the WeWake Finance presale has demonstrated resilience. Currently in Stage 7, the project has raised more than $550,000 out of its $560,000 funding goal, with the WAKE token priced at $0.0190. Upon the completion of Stage 7, the token price will rise to $0.0205 in Stage 8 [1]. WeWake has become one of the most closely followed presale projects in 2025, particularly for its user-friendly approach.

The platform is designed to streamline blockchain access by removing the need for users to manage wallets, seed phrases, or gas fees. Instead, it leverages social login features and automated smart wallets, allowing immediate interaction with decentralized applications. This model aims to bridge the gap between traditional users and web3 by reducing friction in onboarding [1].

The total supply of WAKE tokens is 308,726,951, with 32% allocated to the presale. Additional allocations include 14% for ecosystem incentives, 12% for treasury and governance, and 10% for user rewards. The remaining supply is distributed across liquidity, staking emissions, marketing, team incentives, and strategic reserves [1]. This distribution strategy is intended to support long-term network sustainability and ecosystem growth.

Technologically, WeWake operates on a Layer 2 zero-knowledge (zk-rollup) blockchain. During the onboarding process, users are automatically issued ERC-4337 smart wallets, eliminating the need for external extensions or wallet funding. A built-in Paymaster system covers transaction fees, further lowering barriers to entry for new users. Public testnets and developer tools are scheduled for early 2026 to support builders [1].

Despite the ongoing downturn in the broader crypto market, the WeWake presale continues to attract interest. The project emphasizes real-world utility over speculative gains, offering a streamlined and accessible experience for both users and developers. As Stage 7 nears completion, WeWake remains a top presale option, with strong participation from early investors [1].

Source:

[1] https://thecoinrise.com/btc-hits-113k-pi-dumps-but-wewake-presale-holds-strong/