STRK price outlook as Starknet prepares to launch strkBTC, a shielded Bitcoin for private transactions

strkBTC will enable private Bitcoin transactions on Starknet’s DeFi network. STRK is down nearly 70% in 90 days, closely tracking Bitcoin’s movements. The key STRK price levels to watch are the support at $0.04 and the resistance at $0.045. Starknet is gearing up for a major move in the decentralised finance (DeFi) space with the upcoming launch of strkBTC, a Bitcoin-based asset designed to bring privacy and confidentiality to transactions on its Layer-2 network. According to a press release by Starknet , the new asset will allow users to transact Bitcoin within DeFi without exposing balances or counterparties. It is built with shielded transfers in mind, giving users the flexibility to maintain privacy while interacting with the DeFi ecosystem. strkBTC will be issued deterministically from verifiable Bitcoin deposits, meaning that the minting process does not rely on discretionary control. This ensures that the token’s supply mirrors actual Bitcoin deposits on the network, creating a transparent and verifiable foundation for its use. Users can choose between public and shielded modes, enabling confidential transactions while still preserving regulatory compliance. This is achieved through selective disclosure mechanisms, which allow necessary audits without exposing the broader network activity. The launch of strkBTC is part of Starknet’s strategy to increase Bitcoin adoption in DeFi while addressing concerns that have historically held back institutional participation. By combining privacy, composability, and auditability, Starknet aims to attract