Wrapped Bitcoin was launched in 2019 to give Bitcoin investors an option to use the asset in decentralized finance applications.
Bitcoin news
Bitcoin sellers take the upper hand as BTC struggles to rally to $100,000. What will altcoins do?
According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.
Bitcoin sellers, whether genuine or not, are refusing to allow a $100,000 BTC price milestone.
The infamous 10,000 BTC mistake is often used by Bitcoin maximalists to extoll the virtues of ‘hodling’ the supply-capped asset.
The current CryptoQuant Bitcoin exchange reserve metric is roughly 2.5 million coins — the lowest level recorded during this market cycle.
Bitcoin predictions easily favor a six-figure BTC price by the start of 2025, but sell-side pressure keeps growing.
Bitcoin’s price action has historically benefited from economic concerns and issues in the banking industry.
Analysts are eyeing a potential $20,000 cycle top for the Ether price, which is expected to gain momentum in the first half of 2025.
Van Eck says BTC can reach a price of $180,000 this cycle but warned that elevated funding rates could be showing early signs of “overheating.”