🌎 BounceBit Jumps 16% Amid Bitcoin Bounce

BounceBit Sees 16% Price Jump Amid Bitcoin’s Holiday-Driven Bounce

BounceBit, the native Bitcoin restaking blockchain, has experienced a notable price surge, with its token jumping over 16% on December 24. The price of BounceBit (BB) rose to above $0.43, rebounding from its dip in the past week, which saw the token’s value drop to under $0.32.

Bitcoin’s Price Recovery and Partnership Announcement

The price increase coincided with Bitcoin’s (BTC) recovery to above $97,000, driven by a fresh holiday-driven bounce. This surge came a day after BounceBit announced a major partnership agreement with Google Cloud, a leading cloud computing giant.

The collaboration aims to revolutionize the real-world asset (RWA) market, specifically targeting RWA digitization in Southeast Asia. By leveraging Google Cloud’s architecture, BounceBit, which is backed by Binance Labs and Blockchain Capital, seeks to bolster its traction in the Centralized Decentralized Finance (CeDeFi) ecosystem.

Enhancing Performance and Security with Google Cloud’s Vertex AI

The partnership will utilize Google Cloud’s Vertex AI technology to enhance the restaking platform’s performance and security. BounceBit co-founder Jack Lu commented on the collaboration, stating:

“Verifying transactions on our platform is very important, and incidents must be solved immediately. With Compute Engine, we’ve seen an improvement in response time by 50% not only for our chain, but also for the CeDeFi infrastructure.”

BB Token’s Price Performance

The BB token’s price has increased by 33% in the past month. However, it remains more than 50% off its all-time high above $0.86, reached in June 2024.

Some key points to consider for BounceBit’s future growth include: