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The latest crypto coverage from the TrustFinance editorial desk.
Theorem has launched a new infrastructure platform allowing issuers to create customized secondary markets for tokenized real-world assets (RWAs), aiming to solve the persistent illiquidity challenges in the growing sector.
Bitcoin traded steadily around the $78,000 level, with market analysts suggesting the next phase of adoption will depend on broader global ETF access and a strategic shift in messaging toward mainstream investors.
Bitcoin's price fell on Monday as traders reacted to hawkish commentary from a Federal Reserve official and an escalation in U.S.-Iran military conflict, which stoked fears of higher inflation and interest rates.
Bitcoin's price is consolidating around $78,000 after a recent peak, with new data showing its correlation to gold rising while its link to tech stocks weakens, fueling the 'digital gold' debate.
The cryptocurrency EOS registered a significant price jump of over 12% on Saturday, its most substantial single-day rally, while major assets like Bitcoin and Ethereum posted modest losses.
Market expectations for a September rate hike by the Federal Reserve have surged, creating headwinds for Bitcoin which is consolidating above $78,000 after its best monthly performance since late 2024.
Bitcoin's price stabilized near $78,000, supported by MicroStrategy's first purchase in two months, while gains were capped by concerns over potential U.S. interest rate hikes and rising geopolitical tensions.
CK Zheng, a former risk executive at Credit Suisse, believes Bitcoin has weathered the toughest part of its current cycle and projects a price target of $150,000 by late 2027, driven by institutional adoption and a clearer regulatory landscape.
The price of Bitcoin climbed on Tuesday, buoyed by a significant purchase from corporate holder Strategy Inc., though gains were tempered by persistent investor concerns over potential interest rate hikes and geopolitical tensions.
