Best crypto to buy now as Trump-linked American Bitcoin raises $220M

The cryptocurrency market traded mostly lower on Tuesday, with Bitcoin hovering near $107,000 mark as traders remained on edge ahead of the July 9 US tariff deadline. Market sentiment appeared mixed , with altcoins showing divergent trends amid lingering macroeconomic uncertainty. However, Bitcoin’s performance over the past few months has been resilient. Bitcoin registered a strong monthly close in June, with a candle settling just above $107,000—the highest on record. That follows prior monthly highs in May and January, which closed around $104,600 and $102,450, respectively. The latest close marks the third consecutive monthly gain and continues a broader rebound from Bitcoin’s April lows near $75,000. Bitcoin’s resilient performance has helped improve sentiment across the broader market. The positive sentiment is also seen in the early-stage project, Bitcoin Pepe . Trump-linked American Bitcoin raises $220 million American Bitcoin, the newly launched mining venture backed by Eric Trump and Donald Trump Jr., has raised $220 million through a private placement, according to a recent SEC filing . The funding round, disclosed by majority stakeholder Hut 8, involved the issuance and sale of over 11 million new shares to private investors last Friday. Notably, approximately $10 million worth of the shares were purchased using Bitcoin, at an exchange rate of $104,000 per BTC. “The Company intends to use the net proceeds to fund its strategic and Bitcoin accumulation goals, which may include, but are not limited to, the purchase of Bitcoin and/or miners,” the filing stated. After deducting fees and expenses, American Bitcoin netted roughly $215 million. The venture officially launched in late March as a joint initiative between Hut 8 and American Data Centers, a firm tied to the Trump family. The move deepens the Trumps’ involvement in digital assets, aligning with the president’s broader push to establish US leadership in blockchain and crypto infrastructure. Bitcoin Pepe continues to see strong interest As Bitcoin maintains its position above key technical support levels, institutional participation continues to underpin broader market confidence. The relative calm is prompting investors to shift capital into higher-risk assets, with meme coins seeing a renewed surge in inflows. One of the standout beneficiaries of this trend is Bitcoin Pepe, a meme-themed project that diverges from traditional tokens in the category by offering an infrastructure-driven roadmap. Positioned as the first meme-centric Layer 2 on the Bitcoin network, the project aims to integrate the base-layer security of Bitcoin with the speed and scalability features typically associated with Solana. Describing itself as an initiative to “build Solana on Bitcoin,” Bitcoin Pepe is attempting to differentiate through technology rather than purely community engagement. The project introduces its own token standard and infrastructure layer to support on-chain activity, a notable deviation from meme tokens that trade solely on social momentum. The project’s presale has raised $16.2 million, with investor interest accelerating as the token offering nears completion. According to the development team, the BPEP token is scheduled to be listed on both MEXC and BitMart, two centralised exchanges that could improve trading access and liquidity. A final listing announcement is expected on July 31, adding to the anticipation surrounding the project’s final presale stages. Bitcoin Pepe @BitcoinPepe_ · Follow 🚨SAVE THE DATE: JULY 31 🚨 The FINAL $BPEP listing announcement is coming!✅Tier-1 CEX reveal✅Claim details drop✅ Your last chance to buy before it goes live!Don’t miss out! This is your FINAL window to get in early.Buy NOW ➡️ bit.ly/bitcoinpepe_ 5:15 pm · 30 Jun 2025 206 Reply Copy link Read 49 replies As speculative interest returns to the crypto market, Bitcoin Pepe appears well-positioned to capitalize on the renewed appetite for meme coins with added technical merit. The post Best crypto to buy now as Trump-linked American Bitcoin raises $220M appeared first on Invezz

Source: Invezz