Bitcoin Price Soars to New High as Golden Cross Forms

The Bitcoin (BTC) price has reached a new high since 2020, driven by the dual influences of U.S. Treasury repurchase agreements and the Federal Reserve's anti-inflation measures.

This correlation between BTC and gold has caused significant market volatility, but the on-chain ecosystem is demonstrating growth potential independent of cryptocurrency prices.

The price of BTC has approached $80,000, marking the first 'golden cross' in over six months. This event has triggered a rebound, with experts citing ETF inflows and strategic shifts by mining companies as supporting factors.

However, not all is well in the world of Bitcoin Layer 2 networks, which have recently faced frequent AI-assisted attacks, resulting in significant losses. The surge in L2 code complexity combined with low-cost auditing capabilities of AI has reshaped the landscape of financial software security.