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#BTCBreaksATH Increased activity and adoption of Bitcoin L2 and DeFi projects Crucial for Bitcoin DeFi to become a reality are Bitcoin L2 solutions, as Bitcoin itself has limited smart contract capabilities. In the last three years, the number of L2s has grown to over 75 projects. Various L2s are gaining traction and maturing, such as Pantera-backed Mezo, which recently launched its testnet and is planning its mainnet launch for Q1 2025. Likewise, BOB, which enables Bitcoin DeFi in Ethereum Virtual Machine-compatible environments, has attracted over 300,000 unique users since its launch in May 2024. Recent: What’s next for DeFi in 2025? Stacks, one of the most established Bitcoin L2s, underwent its Nakamoto upgrade in Q4 2024. The upgrade introduced performance improvements, including faster block times and complete Bitcoin finality. Stacks is also preparing to launch sBTC in mid-December — a decentralized, programmable version of Bitcoin backed 1:1 by BTC. It will enable the transfer of BTC between layer 1 and layer 2. This innovation will open up new possibilities for using Bitcoin in DeFi without relying on centralized solutions like Wrapped Bitcoin WBTC $101,021.96 on Ethereum.
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#EOSProject EOS is a layer-1 blockchain protocol designed to deliver scalability, speed, and accessibility for decentralized applications (dApps). With its Delegated Proof-of-Stake (DPoS) consensus, EOS can process thousands of transactions per second (TPS), making it one of the fastest platforms in the blockchain space.
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$BTC Bitcoin showed signs of recovery in early trading, attracting buyers at the $92,800 support. To sustain this momentum, BTC must break above short-term resistance levels at $95,800 and $96,500. Success here could set the stage for a test of $98,740, with a weekly close above this level signaling another run at the $100,000 mark. The ultimate bullish target remains $108,200. However, failure to hold $92,800 could spell trouble. A break below this support risks a slide to $88,000, coinciding with the 3-month EMA. A further drop could target the Fib 0.618 level at $83,300, deepening the correction and shaking market confidence.
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$BTC soon will run
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Next wave of US crypto ETFs already in the pipeline
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