BOUNCEBIT Price Rises 16% Following Major Partnership

BounceBit (BB), the native Bitcoin restaking blockchain, has experienced a significant price jump of over 16%, reaching above $0.43 on December 24. This surge comes after the token had dipped below $0.32 in the past week, driven by bearish market conditions. The recent upward movement coincided with Bitcoin’s (BTC) price recovery, which rose above $97,000, supported by a holiday-driven rally.

The price increase follows a major partnership announcement between BounceBit and Google Cloud. The collaboration aims to revolutionize the real-world asset (RWA) market, with a specific focus on the digitization of RWAs in Southeast Asia. BounceBit, backed by Binance Labs and Blockchain Capital, plans to leverage Google Cloud’s architecture to enhance its presence within the CeDeFi ecosystem.

A key component of the partnership is the integration of Google Cloud’s Vertex AI technology, which will significantly boost the performance and security of BounceBit’s restaking platform. BounceBit’s co-founder, Jack Lu, emphasized the importance of transaction verification and the immediate resolution of issues on the platform. He noted that with the help of Google Cloud’s Compute Engine, BounceBit has seen a 50% improvement in response time, not only for its blockchain but also for the broader CeDeFi infrastructure.

Over the past month, BB’s price has risen by 33%. However, despite the recent gains, it is still more than 50% below its all-time high of $0.86, which was reached in June 2024.