Bitcoin News Today: Bitcoin Slides 0.43% as Institutional Accumulation and Trump Policy Spark Market Caution

Bitcoin continues to trade below critical resistance levels, as market dynamics shift with institutional accumulation, political developments, and bearish technical signals influencing investor sentiment. On August 5, 2025, Bitcoin was quoted at $113,906, with a 24-hour trading volume near $58.5 billion, despite a slight 0.43% dip. Galaxy Digital, one of the largest institutional investors in Bitcoin, reported a Q2 profit of $30.7 million, a stark turnaround from a Q1 loss of $295 million. This success was attributed to a strategic increase in Bitcoin holdings, now totaling 17,102 BTC, valued at approximately $1.95 billion, up from 13,704 BTC in the previous quarter [1].

Galaxy’s CEO, Mike Novogratz, highlighted July as the firm’s best month ever, with profits rising across all divisions. While trading activity has slowed, the Global Markets division reported a 28% profit increase, and the Helios data center expanded its capacity, signaling continued bullish infrastructure investment [1].

Meanwhile, Cango, a former auto loan company pivoting to Bitcoin mining, mined 650.5 BTC in July, a 44% increase from June. This growth was supported by a $256 million investment in Bitmain mining rigs. With a hashrate of 32 EH/s, Cango now ranks among the top 20 publicly traded Bitcoin holders globally, controlling 4,529.7 BTC ($512 million) [1]. Since April 2025, the firm has mined over 1,600 BTC, reinforcing institutional confidence in Bitcoin’s long-term supply absorption, especially given its operations in a country with strict crypto regulations [1].

On the political front, Donald Trump is expected to sign an executive order targeting “debanking” practices against crypto firms and conservative groups. The order, which criticizes Operation Chokepoint 2.0, aims to prevent banks from cutting off access to financial services for these entities. If implemented, this could foster a more supportive regulatory environment for the crypto sector, potentially boosting investor confidence and liquidity [1].

Technically, Bitcoin remains under pressure below the 50-period exponential moving average (EMA) at $115,440 and a descending trendline, both acting as dynamic resistance. Recent price action near $115,400 has shown small-bodied candles and a bearish RSI at 46, reinforcing a bearish bias. Traders are closely watching key support levels at $112,178, $110,663, and $109,060, with a breakout above $115,440 potentially leading to targets at $116,912 and $118,878 [1].

In related developments, Bitcoin Hyper ($HYPER), a BTC-native Layer 2 solution powered by the Solana Virtual Machine (SVM), has raised over $7.1 million in its public presale. The project, which merges Bitcoin’s security with Solana’s speed, is gaining traction with its focus on fast, low-cost smart contracts and dApps [1].

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Source: [1] [Bitcoin Price Prediction: $1.95B BTC Bet, Trump Order, Bear Flag Below $115K](https://cryptonews.com/news/bitcoin-price-prediction-1-95b-btc-bet-trump-order-bear-flag-below-115k/)