Bitcoin (BTC) is holding near $108,341 today, buoyed by renewed confidence following Elon Musk’s official endorsement of the America Party’s support for Bitcoin adoption. In a statement posted on X, Musk labeled fiat money “hopeless” and positioned Bitcoin as a cornerstone of the party’s fiscal vision ahead of the 2026 midterm elections.
While critics dubbed the move “soundbite,” Musk’s companies, SpaceX and Tesla, already hold nearly 19,800 BTC, worth over $2.1 billion. His endorsement reinforces the asset’s credibility as a long-term hedge against inflation and centralized policy risk. Though the announcement triggered only a modest uptick to $107,838, sentiment in the crypto space turned notably more optimistic.
Elon Musk Declares Fiat ‘Hopeless,’ Says America Party Will Embrace Bitcoin
► https://t.co/hxKSXEKXdh https://t.co/hxKSXEKXdh
— Decrypt (@DecryptMedia) July 7, 2025
The symbolic embrace of Bitcoin by a political party led by one of the world’s most influential entrepreneurs could influence U.S. crypto regulation. It signals a broader shift in how digital assets may be treated in future political and economic strategies.
Metaplanet’s $237M Buy Fuels Bullish Narrative
Japan’s Metaplanet added 2,204 BTC this week for $237 million, becoming the fifth-largest corporate Bitcoin holder with 15,555 BTC. This leapfrogs Tesla and CleanSpark, highlighting the continued expansion of Bitcoin treasury strategies among global firms.
Average buy price: $107,700 per BTC
Total holdings: 15,555 BTC
2025 YTD BTC accumulation: 3,400+ BTC
JUST IN: 
Metaplanet bought an additional 2,205 Bitcoin worth $240.8M.
The company now holds 15,555 $BTC, valued at $1.69B. pic.twitter.com/nXwjCh5FiE
— BeInCrypto (@beincrypto) July 7, 2025
The move comes amid broader institutional momentum. Companies like Strategy and ProCap have ramped up their reserves, and even smaller firms are joining in. France’s Blockchain Group acquired 116 BTC, bringing its total to 1,904 BTC, while UK-based Smarter Web Company added 226 BTC, now holding 1,000 BTC after boasting a staggering 26,242% YTD return.
JUST IN: 
@SmarterWebUK has acquired 226.42 BTC for £17.9M (~$107,726 per BTC).
BTC Yield: 26,242% YTD
Total Holdings: 1,000 BTC
£42.3M in BTC-ready cash
The Smarter Web Company is building a #Bitcoin treasury at startup speed—with public market precision. pic.twitter.com/DGCI9sws2K
— Bitcoin For Corporations (@BitcoinForCorps) July 7, 2025
Although some analysts argue that early treasury gains are fading, Metaplanet’s continued purchases suggest that institutional conviction remains firm. These strategic accumulations are cushioning price action during macro volatility and reinforcing long-term bullish expectations.
Bitcoin Technical Outlook: Key Support Holds
On the 4-hour chart, Bitcoin is bouncing off the ascending trendline support, with the 50-SMA at $108,146 providing dynamic support. The $108,941 resistance remains the ceiling to break. The recent price structure features small-bodied candles and long wicks, indicating indecision rather than rejection.
Bitcoin Price Chart – Source: Tradingview
RSI sits neutral at 49.60, and no bearish divergence is present, suggesting momentum is steady but still searching for conviction.
A breakout above $108,941 could drive BTC toward $109,727 and $110,561. Losing the trendline and 50-SMA could drag it to $107,323 or even $106,422.
Trade Setup:
Buy Entry: Above $108,950 on strong bullish candle
Target 1: $109,727
Target 2: $110,561
Stop-Loss: Below $108,100
For now, Bitcoin’s technical structure remains intact. As long as the trendline holds and price stays above the 50-SMA, the bulls maintain short-term control.
Bitcoin Hyper Presale Over $2M as Price Rise Nears
Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has raised over $2 million in its public presale, with $2,061,881 out of a $2,510,240 target. The token is priced at $0.012175, with the next price tier expected to be announced soon.
Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.
The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction.
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