Dec 4, 2025
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Blockdaemon and VerifiedX Partner to Boost Retail Bitcoin Payments
Bitcoin Price Movements
- Bitcoin's price settled at $91,200, after forming higher lows at $90,900.
- On-chain data suggests aggressive accumulation by Bitcoin miners contributed to price consolidation above $90,000.
- Trading volume declined by 15%, indicating seller fatigue.
- Miners increased their reserves by 2,417 BTC between Nov. 23 and Dec. 4, totaling 1,806,050 BTC.
- The miner reserve increase of 2,417 BTC is valued at approximately $220.4 million.
- Accumulation by miners reduces circulating supply, easing sell pressure and supporting the price.
- Bitcoin's 4-hour chart shows recovery and consolidation above $90,000, with momentum indicators suggesting weakening bearish pressure.
Blockdaemon and VerifiedX Partnership
- Blockdaemon and VerifiedX announced a strategic partnership to enhance Bitcoin adoption in retail transactions.
- Blockdaemon will support VerifiedX's Switchblade wallet and Butterfly social-payments platform with its staking, node operations, and liquidity-management systems.
- This collaboration aims to emulate successful platforms like PayPal's Venmo and Block's Cash App.
- VerifiedX users can earn yield on Bitcoin and stablecoins, borrow against holdings, and access on-chain credit markets without centralized exchanges.
- The partnership aims to simplify user experience by addressing challenges like seed-phrase handling and manual wallet management.
