US Bitcoin Reserves Confirmed Intact Amid Market Dip

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The United States government has confirmed it still holds its full Bitcoin reserves, currently valued at $24 billion. The update comes from blockchain intelligence platform Arkham, following speculation that a large portion of the holdings had been liquidated.

Last week, reports emerged claiming that the U.S. had sold around 170,000 BTC from its 198,000 BTC total. These rumours were later proven inaccurate. Arkham clarified that no such sale had occurred, reassuring investors amid wider market instability.

The clarification arrives during a volatile period for Bitcoin. A recent transaction involving over 40,000 BTC moved from a long-dormant wallet to Galaxy Digital, sparking fears of further large-scale sell-offs. Market uncertainty contributed to a drop in Bitcoin’s value, which briefly dipped below $116,000 before stabilising just above $115,000, a 3% decline in the past 24 hours.

Despite the downturn, some projects continue to gain attention. One such initiative is Bitcoin Hyper (HYPER), a Layer-2 scaling solution designed to improve Bitcoin’s transaction speeds and lower network fees. The platform incorporates Solana Virtual Machine technology, aiming to enable fast and cost-efficient cross-chain functionality.

The $HYPER token powers the project’s ecosystem. Token holders gain access to governance features, decentralised applications, and staking rewards. Over half of the total token supply is dedicated to supporting network operations, with additional allocations for long-term development and treasury funding.

Bitcoin Hyper’s presale is ongoing, with the token currently priced at $0.0124. The project has raised over $4.7 million and is approaching its $5 million target. A price increase is expected once the presale hits $5.17 million.

The confirmation of the U.S. government’s Bitcoin holdings has offered a measure of reassurance to the market. While whale activity continues to influence short-term trends, the sustained institutional presence suggests confidence in Bitcoin’s long-term position.

Projects like Bitcoin Hyper may benefit from renewed investor interest, particularly those focused on improving Bitcoin’s infrastructure rather than competing with it.