Bitcoin News Today: Bitcoin Surpasses $120,000 as Long-Term Sellers Cut Output

Bitcoin (BTC) surged past the $120,000 threshold in late July and early August 2025, capturing renewed investor interest amid favorable macroeconomic conditions and shifting market dynamics. Long-term Bitcoin holders reduced daily sales below $1 billion, reducing selling pressure and contributing to the upward momentum [1]. This trend, combined with the anticipation of U.S. CPI data and Fed policy developments, reinforced bullish sentiment around BTC [2]. Institutional accumulation and growing access to digital assets in traditional investment vehicles like retirement funds further bolstered Bitcoin’s long-term outlook [3].

Amid the broader market rally, investors increasingly turned their attention to sub-$1 cryptocurrencies for potential alpha generation. Mutuum Finance (MUTM), a decentralized DeFi lending protocol, emerged as a top contender due to its innovative architecture and strong presale traction [3]. MUTM operates with a dual-layer system that includes both Peer-to-Contract and Peer-to-Peer lending mechanisms. The former leverages smart contracts to automate loan processes, while the latter removes intermediaries to streamline transactions. These features make MUTM particularly suited for managing high-risk assets like meme coins [4].

Currently in presale stage 6, MUTM is priced at $0.035, with an expected 14.29% increase to $0.04 in the next phase. The project has raised over $14.3 million from more than 15,150 investors [3]. Analysts noted that early investors could see projected returns exceeding 300% following the project’s official launch [3]. In addition to strong presale figures, Mutuum Finance has launched a $100,000 token giveaway to incentivize community participation and reward early adopters [5].

The protocol is also developing a USD-pegged stablecoin on the Ethereum blockchain, which has been audited by CertiK to ensure code integrity and security [6]. A $50,000 USDT bug bounty program has been initiated to reward users for identifying vulnerabilities across four classification levels: critical, major, minor, and low [6]. These efforts underscore the project’s commitment to building a secure and trustworthy DeFi platform.

Bitcoin’s continued strength at around $119,000 during early August 2025 reinforced a broader bullish market narrative. Ethereum (ETH) approached all-time highs, breaking above $4,400, while XRP and other major coins showed signs of stabilization and upward movement [5]. The market’s risk-on sentiment was further supported by shifting expectations around U.S. monetary policy, with a Federal Reserve governor recently endorsing three rate cuts in 2025. This outlook contributed to a 22% increase in BTC trading volume over 24 hours [7].

In summary, as Bitcoin surpassed $120,000 and maintained key support levels, the market remained focused on both macroeconomic developments and promising altcoin opportunities. Mutuum Finance stood out as a sub-$1 play with a compelling value proposition, including a dual-layer lending model, strong presale performance, and ongoing security measures. Investors were advised to remain cautious yet opportunistic as key macroeconomic events and on-chain activity continued to shape the crypto landscape [3][4][7].

Sources:

[1] title: Bitcoin - How THIS shift in LTH strategy could push BTC to ...

url: https://ambcrypto.com/bitcoin-how-this-shift-in-lth-strategy-could-push-btc-to-120k/

[2] title: Top 3 cryptocurrencies to watch post US CPI data release

url: https://www.mitrade.com/insights/news/live-news/article-3-1033412-20250813

[3] title: Best Crypto Under $1 to Buy Now as Bitcoin (BTC) ...

url: https://partner.cryptopolitan.com/best-crypto-under-1-to-buy-now-as-bitcoin-btc-smashes-past-120000/

[4] title: Mantle Hits 120K Daily Users, ChainLink Nears Breakout ...

url: https://coincentral.com/mantle-hits-120k-daily-users-chainlink-nears-breakout-cold-wallets-36x-launch-gap-fuels-top-crypto-to-buy-right-now-buzz/

[5] title: BTC and XRP stabilize, ETH nears all-time high

url: https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-and-xrp-stabilize-eth-nears-all-time-high-202508130339

[6] title: Bitcoin Breaks Key Resistance as Bulls Target $140K and ...

url: https://bravenewcoin.com/insights/bitcoin-btc-price-prediction-bitcoin-breaks-key-resistance-as-bulls-target-140k-and-beyond

[7] title: Bitcoin Rises As Fed Governor Backs Three Rate Cuts In 2025

url: https://finance.yahoo.com/news/bitcoin-rises-fed-governor-backs-180104340.html