DeFi News Official Today TheBitTimes.com

Bitcoin (BTC) entered a bull run in early November of 2024 — culminating in an all-time high (ATH) price of approximately $106,070 on December 17. A correction ensued soon after — BTC prices receded to $92,630 before briefly breaching the $100,000 mark again on January 7, 2025 — although the surge didn’t last. What followed was another drop below $93,000 — however, over the last 24 hours, the price of the leading cryptocurrency has gone up by 2.74%. At press time, a single Bitcoin was changing hands at $99,450. BTC price 24-hour chart. Source: Finbold The release of the U.S. Labor Department’s Consumer Price Index (CPI) data for December was the primary driver behind the surge. Although the CPI’s annual rate came in at the expected 2.9%, core inflation, which came in at 3.2%, was less severe than anticipated. Picks for you Is U.S healt...

River has announced a new feature dubbed, ‘Bitcoin Interest on Cash’ The product allows customers to get BTC for interest earned on their cash deposits. The US-based platform will offer a 3.8% interest on the cash deposits. User funds are FDIC-insured via its partnership with Lead Bank, the exchange said in a press release. River, a US-based Bitcoin exchange provider, has introduced a new feature that lets users earn interest in Bitcoin on their cash deposits. The new product is ‘Bitcoin Interest on Cash’, River revealed in an announcement on Tuesday. According to the company, the feature will allow customers to earn a 3.8% interest on their cash deposits. Introducing 3.8% Interest on Cash—Paid in Bitcoin! Stop letting your cash lose value to inflation, even in “high-yield” accounts. Unlock the predictability of dollars with the opportunity to build real wealth in Bitcoin. Only on River. pic.twitter.com/EDr7jpMAP...