Hedera (HBAR) is currently trading at $0.1442, an 11.35% increase. The 24-hour trading volume climbed to $276.91 million, reflecting a 19.47% uptick. Despite this strong daily momentum, the token remains 2.13% lower on the weekly timeframe, signaling a market still seeking sustained direction. Descending Channel Reaches Critical Point Crypto analyst Profit Demon noted that HBAR […]Hedera (HBAR) is currently trading at $0.1442, an 11.35% increase. The 24-hour trading volume climbed to $276.91 million, reflecting a 19.47% uptick. Despite this strong daily momentum, the token remains 2.13% lower on the weekly timeframe, signaling a market still seeking sustained direction. Descending Channel Reaches Critical Point Crypto analyst Profit Demon noted that HBAR […]

Hedera Breakout Alert: New WBTC Integration Fuels HBAR Rally Toward $0.60

2025/11/24 08:30
  • Hedera’s HBAR posts strong intraday gains despite a weekly downturn.
  • Analyst Profit Demon signals a potential major rebound with multiple upside targets.
  • Launch of Wrapped Bitcoin (WBTC) on Hedera marks a major expansion of its DeFi infrastructure.

Hedera (HBAR) is currently trading at $0.1442, an 11.35% increase. The 24-hour trading volume climbed to $276.91 million, reflecting a 19.47% uptick. Despite this strong daily momentum, the token remains 2.13% lower on the weekly timeframe, signaling a market still seeking sustained direction.

Source: CoinMarketCap

Descending Channel Reaches Critical Point

Crypto analyst Profit Demon noted that HBAR is currently testing the lower boundary of a descending channel on the weekly chart. According to the analysis, a technical rebound from this level could trigger a broader bullish trajectory, placing potential upside targets at $0.155, $0.23, $0.30, $0.40, and even $0.60. Market watchers are now observing whether the current surge can evolve into a confirmed reversal.

Source: X

WBTC Launches on Hedera Network

Adding momentum to the market narrative, Hedera confirmed that Wrapped Bitcoin (WBTC), the most widely used tokenized form of Bitcoin, is now officially live on its network. The expansion, follows collaboration with key ecosystem partners including BitGo, BiT Global Trust, and LayerZero Labs.

The integration represents one of Hedera’s most substantial steps toward strengthening its institutional-grade infrastructure. WBTC currently dominates the tokenized Bitcoin segment, holding more than 126,000 BTC in custody and maintaining a market capitalization exceeding $13 billion. With approximately 65% of the tokenized Bitcoin share on Ethereum, WBTC stands as the market standard for Bitcoin representation across DeFi platforms.

Bringing WBTC to Hedera gives the network access to a fully collateralized asset backed 1:1 by Bitcoin held in secure custody. Hedera emphasized that this ensures transparency and preserves the credibility that positioned WBTC as an industry benchmark.

Also Read | Hedera Hashgraph (HBAR) Eyes $0.19 Bounce as Key Support Holds

WBTC Boosts Liquidity Across Hedera DeFi

The arrival of WBTC introduces a new depth of liquidity to Hedera’s evolving DeFi ecosystem. Developers now gain access to a trusted, high-value asset for constructing advanced financial applications, while users can engage in activities such as lending, swapping, and yield optimization with Bitcoin-backed instruments.

Cross-chain connectivity is supported through Stargate Finance, and SaucerSwap Labs has already launched initial trading pools for WBTC. Hedera underscored that its architecture, designed to eliminate MEV and front-running while maintaining predictable low fees, positions the network as a compelling environment for BTC-powered decentralized finance, often referred to as BTCFi.

For Bitcoin holders, the integration marks a step toward enabling BTC to operate more securely and productively within Hedera’s expanding ecosystem, opening pathways to a more efficient digital asset experience.

Also Read | Hedera (HBAR) Rockets 10% in 24H, Could $0.40 Be Next?

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!

IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!

The post IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge! appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 18:00 Discover why BlockDAG’s upcoming Awakening Testnet launch makes it the best crypto to buy today as Story (IP) price jumps to $11.75 and Hyperliquid hits new highs. Recent crypto market numbers show strength but also some limits. The Story (IP) price jump has been sharp, fueled by big buybacks and speculation, yet critics point out that revenue still lags far behind its valuation. The Hyperliquid (HYPE) price looks solid around the mid-$50s after a new all-time high, but questions remain about sustainability once the hype around USDH proposals cools down. So the obvious question is: why chase coins that are either stretched thin or at risk of retracing when you could back a network that’s already proving itself on the ground? That’s where BlockDAG comes in. While other chains are stuck dealing with validator congestion or outages, BlockDAG’s upcoming Awakening Testnet will be stress-testing its EVM-compatible smart chain with real miners before listing. For anyone looking for the best crypto coin to buy, the choice between waiting on fixes or joining live progress feels like an easy one. BlockDAG: Smart Chain Running Before Launch Ethereum continues to wrestle with gas congestion, and Solana is still known for network freezes, yet BlockDAG is already showing a different picture. Its upcoming Awakening Testnet, set to launch on September 25, isn’t just a demo; it’s a live rollout where the chain’s base protocols are being stress-tested with miners connected globally. EVM compatibility is active, account abstraction is built in, and tools like updated vesting contracts and Stratum integration are already functional. Instead of waiting for fixes like other networks, BlockDAG is proving its infrastructure in real time. What makes this even more important is that the technology is operational before the coin even hits exchanges. That…
Share
BitcoinEthereumNews2025/09/18 00:32