2024-5-19 16:00 |
The Bitfinity EVM is designed to allow developers to Bitcoin-based Solidity smart contracts, allowing them to transfer BTC, Ordinals and Runes.
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ICP is slowly picking up again after witnessing a huge reduction in the past weeks. Showing signs of strength in the past hours, the price is now up 15% following a sharp bounce off a key level this week.
Bitfinity Network has announced a groundbreaking development in the blockchain space by enabling Ethereum Virtual Machine (EVM) compatibility on the Internet Computer (ICP) platform. This move allows for seamless integration of Ethereum’s smart contract functionality with Bitcoin-based assets, marking a significant milestone in cross-chain interoperability.
Last week saw ICP through a major bounce after forming a double-bottom pattern above a solid support level. The price has reached a key resistance, which now lies as the major obstacle in the ongoing surge.
Most altcoins are in red today with ICP shedding about 15% loss since the start of the week. This led to a crack below a dynamic support as it signals reversal pattern following latest bearish sentiment.
Internet Computer (ICP) price has emerged as one of the best-performing cryptocurrencies during the weekend. The coin jumped to a high of $6. 80, the highest point since April 19th. It has soared by more than 30% from the lowest point this week.
The ICP token is currently up on its largest candle after following the trend of its nine bullish candles on the daily chart. Despite Bitcoin’s mood swings that saw it trade below the $30,000 price level yesterday, the Internet Computer token showed unwavering resilience as it maintained its bullish streak.