Bitcoin

Exploring the Cornerstones of the Cryptocurrency World: This guide provides a detailed overview of various key cryptocurrency indicators used by investors and traders. From market capitalization to fear and greed indices, learn how to analyze and interpret this data to establish a solid foundation for your cryptocurrency investment decisions.

This article summarizes the signs of a new bull market in the cryptocurrency market, including Bitcoin and Ethereum poised to set new all-time highs, as well as trends in innovation and development in the market.

Merlin Chain, a Bitcoin Layer 2 network, announces the launch of M-Token and initiates the release of M-BTC. This article will analyze what M-Token is, how to play it, and most importantly, the crucial question: what's the purpose? If you're interested in participating in Merlin's Layer 2 interaction, it's recommended to read this article as an introductory guide.

In April 2024, Bitcoin will undergo another halving — its quadrennial event slashing miner rewards. A rally is widely anticipated, supported by the evolving market structure. This halving cycle is fundamentally different — our guide summarizes common price projections and drivers that make it unique.

In the past three years, the Polyhedra team has gathered more than 20 PhDs and cryptography experts and made dozens of breakthroughs around ZK interoperability. The DeVirgo and Virgo they invented are currently one of the fastest ZKP protocols, providing ordinary users with the convenience of becoming a Prover without downloading large amounts of data. Using deVirgo, zkBridge’s proof generation speed can be increased by nearly 100 times.

Bitcoin's Layer2 technology is a payment channel network based on Bitcoin, which can achieve fast, low-cost small payments while providing better privacy protection. Bitcoin's usage scenarios and value have been enhanced through the development of Layer2 solutions and decentralized financial ecology. Currently, hundreds of decentralized applications are built on the Bitcoin second-layer network, including Lightning Network, Liquid Network, RSK and Stacks, etc. Investors need to consider technical risks fully, user acceptance and education costs, and adopt risk management and strategic planning to ensure sustainability and long-term returns of their investments.

The Bitcoin bull market introduces new narratives and record-high prices. Beyond ETFs and halvings, the Bitcoin ecosystem revolution is rapidly progressing. Technological advancements expand Bitcoin's application scenarios, like the Ordinals protocol and the Rare Sats market. UTXO is the fundamental unit of Bitcoin transactions, with each UTXO being indivisible. Digital Matter Theory proposes a framework for deriving non-arbitrary value from Bitcoin blocks. DMT presents a new digital asset framework, opening new frontiers for blockchain. Bits are the underlying elements of the Bitcoin ecosystem, driven by the innovation and evolution of Bitcoin native asset issuance.

Through unique technical solutions, projects such as Merlin, B² Network, BEVM and Bouncebit have improved Bitcoin’s scalability, transaction efficiency and application scenarios. BTC L2 is showing a flourishing trend, indicating that it will reach new heights in scalability, transaction efficiency, security and ecosystem diversity in the future.

This article explores the impact of the Bitcoin halving event on the market and finds that ETF acquisitions may offset the supply tightening effect. The behavior of long-term holders (LTH) will be in focus, and traders should pay attention to the LTH market inflation rate to guide trading strategies. Halving may trigger market fluctuations, but is affected by psychological factors and institutional participation. ETF inflows may signal a shift in investor behavior, and successful trading requires paying close attention to ETF and LTH sentiment and action. The current cycle is consistent with historical norms, and monitoring the Bullish Corrective Retracement indicator provides an indicator of market sentiment, risk appetite, and turning points.

Around the time of the Bitcoin halving in 2024, the price is expected to reach new highs, with the full-year range fluctuating between $32,000 and $85,000. The halving cycle will reduce the profitability of miners, but it is beneficial to the health and sustainable development of the network. The launch of Bitcoin ETF and historical data show that there is a continuous upward trend before and after the halving. After the halving in 2025, the price is expected to reach $150,000 to $200,000. Experts believe Bitcoin order book liquidity will improve, but regulatory policies and competing cryptocurrencies may affect market sentiment. Bitcoin mining is still unsustainable, but market cycles and profitability can be discovered through the MVRV Z-score indicator. In general, the Bitcoin halving event may bring more investment opportunities, and the overall environment is conducive to Bitcoin growth.

Recently, Ankr and Babylon launched the first Bitcoin staking solution, aiming to utilize the POS network to provide protection while enhancing the value-added potential of Bitcoin assets. This solution has attracted massive inflows by providing three layers of benefits and increasing the security of the POS chain.

Merlin Chain’s independent online line has been online for 30 days, TVL has reached an astonishing level, and Merlin ecological projects have announced important actions. Learn about the latest developments in projects such as MerlinSwap, Dragonverse Neo, UniCross, Surf Protocol, and bitSmileyDeFi, and their contributions to the Bitcoin second-layer network.

Monetary debasement refers to the process of reducing the value of a currency, which can be achieved either by decreasing the content of precious metals or by increasing the money supply. This may bring short-term economic benefits, but in the long run, it leads to inflation and financial crises. Bitcoin, as a decentralized digital currency with a capped supply of 21 million coins, protected by proof-of-work mining and a decentralized network of nodes, has an inherent scarcity that makes it resistant to inflationary pressures. Bitcoin users can ensure the supply never exceeds the predetermined limit by verifying the transaction ledger, having control over their own money without any restrictions on its use. During times of economic uncertainty, investors may turn to assets like Bitcoin to preserve value, and over time, Bitcoin might be considered the next evolution of currency.

Recently, besides the booming "shiba inu donations" in the SOL ecosystem, there's also a project in the BTC ecosystem generating huge buzz, leading to a revival of the entire BTC NFT sector. This is the community-acknowledged leader of the rune segment—Runestone.

This article introduces the prospective Bitcoin Layer2, BEVM. It is EVM-compatible, uses Bitcoin as a gas fee, and aims to promote the rapid development of the Bitcoin ecosystem.