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Lightning Labs releases Taproot Assets v0.2

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Today’s Cryptocurrency Headline

Lightning Labs, the developer behind the Bitcoin Lightning Network, has announced the release of Taproot Assets v0.2 (formerly known as Taro). This scalable protocol enables the issuance of assets on both the Bitcoin blockchain and Lightning Network. The v0.2 version provides a set of core functionalities for developers looking to publish, send, receive, and discover assets on the Bitcoin blockchain. These features are currently being tested on the testnet, with mainnet support expected to follow soon. Lightning Labs plans to submit the finalised Taproot asset specification as an official BIP series to the community, merge the Taproot channel, release a BLIP describing Lightning Network feature additions, and eventually launch the first testnet Taproot asset payment channels on the Lightning Network.

BingX’s Bitcoin Chart

Source: TradingView & BingX

BTC has been experiencing limited volatility and appears to be consolidating, neither showing a clear upward nor downward direction. It has been trading around $27,000, encountering resistance above $27,500 with significant selling pressure. A reversal in trend would require breaking above $27,500. Currently, it is a period of uncertainty where chip consumption takes time, and the impact of speeches by Federal Reserve officials should be monitored. Support levels to watch are around $26,000-$26,500, while resistance levels are at $27,500-$27,800.

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