$AVAX Jumps 9% After Avalanche Bridge Launches Native Bitcoin ($BTC) Support

The price of Avalanche's native $AVAX token has jumped over 9% to test the $20 mark after the Avalanche Bridge, which was launched last August to enable fast and secure transfers of Ethereum-based tokens to the Avalanche network, added Bitcoin ($BTC) support. According to a blog post, native Bitcoin can now be bridged onto Avalanche.

Timeline of Avalanche, Bitcoin

Largely an indictment of crypto mining and recent market crashes, the briefing saw almost no attendance as committee members took to the streets to protest the Supreme Court's decision to overturn Roe v. Wade.  The post House Dems skip closed-door briefing on Bitcoin to attend Roe protests after Supreme Court ruling appeared first on The Block.

Some jurisdictions have put mandatory regulations for BTC and crypto-related companies. For example, a law demands that all crypto service firms and exchanges have a financial license.

A high-ranking U.S. Securities and Exchange Commission (SEC) official is criticizing the regulator for policies that could prove detrimental to the economy and potentially erode faith in the institution. In a new public statement, Commissioner Hester Peirce says the SEC's actions not only run counter to its mission but also risk longer-term damage to the The post Pro-BTC Commissioner Hester Peirce Blasts Regulators, Says SEC Agenda Will Trigger ‘Dangerous' Market Conditions appeared first on The Daily Hodl.

A widely followed crypto trader is predicting what must take place for leading digital asset Bitcoin (BTC) to flip bullish. Pseudonymous crypto strategist Rekt Capital tells his 319,000 Twitter followers that Bitcoin will likely continue to struggle until its buy-side volume starts to go up. “[Bitcoin's] buy-side volume is below average so until that changes, The post Here's What Needs To Happen for Bitcoin To Reverse Course, According to Top Crypto Analyst appeared first on The Daily Hodl.

Many cryptocurrency enthusiasts have heard of the Pi Cycle Top indicator, which has "magically" predicted the peaks of several previous bull markets. However, few know that there is also its opposite, Pi Cycle Bottom, which also has some track record in trying to estimate the bottom of a bear market.

On-chain data shows Bitcoin whales are transferring large amounts to derivatives exchanges right now, a signal that more volatility could be ahead for the crypto. Bitcoin All Exchanges To Derivatives Flow Continues To Show High Value As explained by an analyst in a CryptoQuant post, BTC whale activity on derivatives exchanges still seems to be high.

Bitcoin (CRYPTO: BTC) popped up over Thursday's 24-hour session high briefly on Friday, but a lack of bullish momentum into the move caused the crypto to fall lower, rejecting from the eight-day exponential moving average. The crypto has been trading in a horizontal pattern over the last 11 trading days after plunging 28% between June 7 and June 13.

According to Changpeng Zhao, CEO of Binance, the world's largest cryptocurrency exchange, the price of Bitcoin (BTC) could remain below its all-time high of $69,000 for at least two years.

Bitcoin has been struggling in recent times and even with the recovery, continues to find it hard to hold above the $20,000 level. With the crash has also come a significant decline in investor sentiment which has reached some of its lowest points in recent years.

Avalanche launched a bitcoin bridge via a Web3 wallet Core and the new bridge aims to connect BTC users to the DeFi protocols like TraderJoe and Platypus so let's read more today In our cryptocurrency news. Ethereum competitor Avalanche launched a Bitcoin bridge solution built on the crypto wallet Core.