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The latest crypto coverage from the TrustFinance editorial desk.
The leading cryptocurrency maintained its recent gains, bolstered by a new $75.7 million Bitcoin acquisition by MicroStrategy and positive regulatory developments for tokenized securities.
The cryptocurrency EOS recorded a significant rally, climbing more than 12% for its largest single-day percentage gain since Sept. 18, while major assets like Bitcoin and Ethereum saw muted price action.
The leading cryptocurrency broke a key resistance level, liquidating over $648 million in short positions and fueling investor optimism. Analysts suggest the current bull market may still be in its early stages, citing institutional inflows and historical cycle patterns.
Bitcoin is trading near an eight-month high, supported by a sharp increase in capital flowing into spot ETFs, which have seen $1.71 billion in net inflows this week. Investors are also monitoring regulatory developments and a high-level U.S.-China summit.
An analyst at Tiger Securities has declared the start of a new Bitcoin bull cycle, maintaining a 'Buy' rating and forecasting a price of $250,000 by 2029, citing renewed ETF inflows and market resilience.
Analysts at U.S. Tiger Securities have upgraded their outlook on Bitcoin, citing a new bull-market regime supported by renewed ETF inflows and technical strength. The brokerage maintained its Buy rating and set a price target of $250,000 to be reached by 2029.
Digital asset infrastructure firm Cregis is marking two years in the Middle East, reporting that growth is increasingly fueled by traditional financial companies integrating digital assets into core payment and treasury functions.
Bitcoin's price remained firm near an eight-month high, supported by a significant increase in capital flows into U.S. spot exchange-traded funds. Investors are also monitoring broader market sentiment ahead of a U.S.-China summit.
EOS posted a double-digit percentage gain on Tuesday, its largest in several days, outperforming major cryptocurrencies like Bitcoin and Ethereum which saw minimal movement.
