BTC price target becomes $85K next: Five things to know in Bitcoin this week
Bitcoin faced a choice between consolidation and new local highs as $80,000 support held despite flash BTC price volatility and liquidity grabs....
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Bitcoin funds capture $700 million as institutions place their bets
Institutional investors poured $858 million into crypto funds last week, with bitcoin products capturing over $700 million amid improving sentiment around crypto regulation. Bitcoin traded near $81,000, approaching the key $82,000 resistance level. Analysts expect a sustained close above $82,000 to trigger the next rally leg. Support holds at $80,400. India-based exchanges monitor price action closely.
Ronin set to transition to Ethereum layer 2 from independent sidechain
Ronin gaming blockchain migrates from independent sidechain to Ethereum layer 2 on May 12, implementing hard fork with ~10 hours downtime. Migration adopts OP Stack and Proof of Distribution model, slashing RON token inflation from 20% to below 1%. Move enhances security post-2022's record $625 million bridge exploit while maintaining throughput for games like Axie Infinity.
