Bitcoin Price Prediction: BTC Dips to $43.5K , Babylon Chain Raises $18M, Kiyosaki Warns of Crash
On Friday, the leading cryptocurrency Bitcoin, recently witnessed a minor retreat, touching the $43,500 mark, down by over 1% on Friday. The dip comes amidst a backdrop of significant developments, including the closure of an $18 million fundraising round by Babylon Chain aimed at bolstering Bitcoin staking initiatives.
Meanwhile, Hive Digital’s analysis suggests that early December Bitcoin purchasers are now seeing a return on investment.
Amidst these market movements, financial pundit Robert Kiyosaki has sounded a note of caution, forewarning that the next market downturn could spiral into a depression, casting a shadow on future price trajectories.
Babylon Chain has triumphantly closed an $18 million Series-A funding round, spearheaded by Polychain Capital and Hack VC. Announced on December 7, this influx of capital is earmarked for the advancement of Babylon’s trailblazing Bitcoin Staking protocol.
This innovative protocol is set to revolutionize the DeFi landscape by enabling proof-of-stake networks to leverage Bitcoin, bolstering security and liquidity for burgeoning chains.
Babylon’s pioneering approach marries the robustness of proof-of-work with the efficiency of proof-of-stake systems, potentially easing inflationary pressures on PoS networks.
BREAKING: #BITCOIN STAKING PROTOCOL, BABYLON, RAISES $18 MILLION
— BSCN Headlines (@BSCNheadlines) December 7, 2023
This significant leap forward promises to augment Bitcoin’s allure by channeling investments and talent into its network and addressing long-standing constraints of the original blockchain.
Garnering support from prominent investors like Castle Island Ventures, Framework Ventures, and Polygon Ventures, Babylon’s latest stride underscores the burgeoning appetite for
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