Bitcoin News Today: BlockDAG Hits $359M Presale as 10 BTC Auction Nears Closing

The cryptocurrency market is converging on August 11 as key projects reach critical junctures. Among them, BlockDAG stands out with a dual milestone: the launch of its GLOBAL LAUNCH phase and the closing of its 10 BTC Auction, worth over $1.1 million [1]. This event marks the culmination of a 29-batch presale that has raised $359 million and sold 24.6 billion BDAG tokens. The current batch price of $0.0276 reflects a 2,660% return since the initial offering, with a limited-time entry at $0.0016 still available [1].

The auction’s structure is designed to reward early participation, as increased BDAG purchases before August 11 improve potential Bitcoin prize shares. This dual opportunity—future token value and direct Bitcoin exposure—has drawn heightened attention to BlockDAG as one of the most anticipated projects of 2025 [1]. With a fixed timeline and a proven track record of engagement, the project offers a rare combination of immediate incentives and long-term potential [1].

Meanwhile, Arbitrum (ARB) is navigating a pivotal technical test as its price hovers near the $0.44–$0.45 support level. A double-bottom pattern has emerged, suggesting potential for a rebound if buyers step in to defend this threshold [1]. A break above $0.51 could push ARB toward $0.55–$0.60, while failure to hold support could invite a decline toward $0.30. On-chain liquidity and volume trends indicate concentrated interest in this range, suggesting improved risk-reward dynamics for a recovery [1].

BONK has seen renewed optimism after breaking out of a six-week falling wedge pattern, with the price reclaiming key support around $0.00001450 [1]. A 38% increase in trading volume and rising open interest signal renewed investor confidence. The price is now consolidating above $0.000015, with short-term resistance at $0.000018, $0.000022, and potentially $0.000026. The Relative Strength Index and harmonic setups reinforce the upside bias, supported by on-chain accumulation and reduced selling pressure [1].

August is shaping up as a decisive period for the crypto market. While ARB and BONK await confirmation of their technical trajectories, BlockDAG offers a defined timeline. On August 11, the GLOBAL LAUNCH will go live, and the last chance to join the 10 BTC Auction will close. With $359 million already raised and a deep discount entry still available, BlockDAG presents a time-sensitive opportunity that diverges from the wait-and-see approach of many other projects [1].

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[1] BONK Targets $0.000026, ARB Holds $0.44 Support, But BlockDAG’s 10 BTC Auction Makes It the Top Crypto to Watch - https://coinmarketcap.com/community/articles/688f4fadaba96a1b6ac73d34/