CandleFocus

BOUNCEBIT price jumps 16% after major partnership

The native Bitcoin restaking blockchain project, BounceBit, has experienced a surge in its token price, with a 16% increase. This comes after a recent dip, in which the token fell to under $0.32. The price rise coincided with Bitcoin's recovery to over $97,000 and a new partnership announcement between BounceBit and Google Cloud. The collaboration aims to revolutionize the real-world asset market, particularly focusing on RWA digitization in Southeast Asia. By leveraging Google Cloud's Vertex AI technology, BounceBit aims to enhance its performance and security in the CeDeFi ecosystem. Despite the recent gains, the BB token is still more than 50% below its all-time high reached in June 2024.

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