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Stacks, the leading Bitcoin ( BTC ) Layer-2 ( L2 ) network for BTC-oriented decentralized finance ( DeFi ), has announced that its sBTC token has been adopted by a number of institutional clients, as detailed to Finbold on Thursday, February 27. sBTC’s next major milestone will be the launch of its withdrawal functionality, which is scheduled for March 2025. sBTC adoption As a decentralized, Bitcoin-backed, programmable asset, sBTC is designed to bring additional flexibility to the BTC ecosystem. Early sBTC adopters included UTXO, SNZ, Jump Crypto, Sypher Capital, and Asymmetric Research, all part of the initial deposit cap. The rapid demand for sBTC soon led to a second cap raise, tripling the deposit capacity. Fully subscribed within just 24 hours, the second cap signaled a surge in interest among all kinds of investors, most notably Zest Protocol, which has so far accumulated nearly 40% of the total sBTC in circulation. The growing demand for tokenized Bitcoin assets The demand for tokenized Bitcoin assets continues to grow as more and more Bitcoin holders realize that L2 networks like Stacks can offer both innovative solutions and core security of Bitcoin. According to the Bitcoin Builders Association, tokenized Bitcoin has reached 1.67% of the current BTC supply, statistics not matched since October 2022. What sets sBTC apart from other tokenized assets is its versatility, that is, its ability to enable flexible smart contracts and transactions without compromising the security and immutability characteristic of “digital gold.” The rise of Bitcoin Layer 2 solutions L2 BTC has been one of the most significant trends in the cryptocurrency space over the past year. Data published by DeFiLlama suggest that the total value locked (TVL) in Bitcoin L2 networks has increased by over 460% (from ~$500 million in 2024 to ~$2.8 billion in February 2025). This surge reflects the increasing demand for L2 solutions that enable greater BTC functionality. Given how close sBTC is to Bitcoin, and given its adoption by some of the most influential players in the industry, including ecosystems like Solana ( SOL ) and Aptos ( APT ), sBTC could become a key to ensuring the demand for Bitcoin assets remains steady. The post Stacks’ sBTC token sees increasing adoption appeared first on Finbold .
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Source: Finbold
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Bitcoin Faces Uncertainty Amid Worst Three-Day Slump Since 2022: How Low Could It Go?
Bitcoin experiences its worst three-day decline since 2022 as market sentiment sours amid rising geopolitical tensions and significant hacks. As fears of further economic instability loom, giant liquidations and regulatory Finbold
LITECOIN PRICE ANALYSIS & PREDICTION (February 27) – LTC Rebounds After a Short Pullback But Can it Flip $140 This Time?
Last week saw LTC through a surge but failed to sustain pressure above a key level due to rejections. Leading to a small pullback, it bounced back after finding solid ground and appeared ready for a rally. LTC’s bullish trajectory is still looking good on the daily chart but has seen a slight pullback after failing to push above the $140 level. Though it has managed to find support on Tuesday, and is now climbing back. The level is now considered a critical resistance for this asset following multiple rejections. Following the latest bounce, it is trying to revisit the critical resistance. A clear cross over it this time could lead to a massive rally. If a rejection occurs, we can expect a pullback before breaking out. However, it is important to note that the crypto is still gathering momentum while signalling a potential bullish move on the daily chart. As soon as it gathers enough momentum, we can anticipate a major breakout. For now, there are no signs of bears in the market. We may consider that if the price slides back under the crucial $100 level. Considering the rise in the daily volume indicator, the bulls will likely have an upper hand. LTC’s Key Level To Watch Source: Tradingview Yesterday, the $130 level suppressed the surge. If the price flips through it to reclaim $140, the next key resistance level to watch would be $147 before breaking out massively. $160 is the close level to watch for a run. In case of a rejection, the pullback level for a retest is $117.3. The $106 level is considered a weekly support. Breaking it could trigger a huge sell-off below the $100 mark. Key Resistance Levels: $140, $147, $160 Key Support Levels: $117.3, $106, $100 Spot Price: $124 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: pitinan/ 123RF // Image Effects by Colorcinch Finbold
