DeFI News by Thebittimes.Com

Bitcoin (BTC), the world’s largest cryptocurrency, witnessed major growth throughout 2024. The king coin went on to register multiple peaks during this period. To be precise, BTC surged by 110% over the past 12 months. But the thing that stands out the most for the market is the asset’s ascent above the coveted $100,000 mark. This is a major milestone not only for Bitcoin but the industry as a whole. Following its 2024 run, the community is expecting the king coin to register a bigger growth in 2025. Also Read: Ripple: AI Sets XRP Price For January 5, 2025 Most Favorable Month For Bitcoin In 2025 Source: Watcher Guru The community has high expectations for Bitcoin during this year. The predictions range from $200,000 to $250,000 for the king coin. But the real question is whether BTC will live up to these anticipations. According to data from CoinCodex, the asset is all set to record a rise. An average yearly price of $148,248 is predicted for Bitcoin in 2025, with a trading...

Bitcoin’s network difficulty hits a record high of 90.67 trillion as of August 2, 2024. Bitcoin’s hash rate reached a record 677 EH/s on July 27th, boosting network security. Bitcoin’s RSI at 44 suggests potentially oversold conditions; the price may test $58,000 Bitcoin has set a new record for network difficulty , reaching 90.67 trillion on August 2, 2024 according to data on CoinWarz. This milestone represents a significant rebound following three months of declining difficulty, signalling renewed confidence among miners in the cryptocurrency’s network. The increased difficulty implies that mining new Bitcoin blocks now requires more computational power, potentially driving up operational costs and influencing Bitcoin’s future supply and pricing dynamics. Bitcoin’s hashrate also hit an all-time high On July 27th, Bitcoin’s hashrate surged to a record 677 EH/s, reflecting a robust and secure network infrastruc...

Digital assets saw a new weekly record as inflows hit $2.9 billion last week. Bitcoin recorded inflows of $2.86 billion, while Ethereum, Solana and Polygong saw minor outflows. CoinShares shared the details in its Digital Asset Fund Flows report published on Monday, March 18. The crypto investment space saw a record $2.9 billion in inflows last week, digital assets manager CoinShares says. Per the report, the figure beat the previous week’s $2.7 billion, with this a seventh consecutive week that crypto investment products are seeing inflows. “ This week’s in flows have pushed year-to-date in flows to US$13.2bn, smashing the full 2021 in flows of US$10.6bn ,” CoinShare’s global head of research James Butterfill noted in the Digital Asset Fund Flows report published on Monday, March 18. Bitcoin saw inflows of $2.86 billion In a week where Bitcoin price shot to a new all-time high above $73k before flipping negative to test lo...