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The latest crypto coverage from the TrustFinance editorial desk.
The World Foundation, the non-profit behind the digital identity network co-founded by OpenAI's Sam Altman, has secured $52.5 million in a token sale to strategic investors to fund global expansion.
Bitcoin's price declined on Friday as escalating US-Iran tensions and new American trade tariffs soured investor risk appetite. The drop mirrored a broader sell-off in risk assets, including technology stocks, according to a report from Investing.com.
Bitcoin's price stabilized above the $64,000 mark as market participants eye the upcoming U.S. Federal Reserve interest rate announcement. Significant options market activity suggests some traders are betting on a rally toward $72,000 by the end of July.
The world's largest cryptocurrency rallied alongside other risk assets after a de-escalation in U.S.-Iran hostilities eased inflation concerns ahead of a key Federal Reserve policy meeting this week.
The cryptocurrency EOS experienced a sharp sell-off on Monday, falling over 16% to mark its largest single-day percentage loss since January 29. The plunge occurred while major digital assets like Bitcoin and Ethereum posted modest gains.
The world's largest cryptocurrency fell to its lowest point since mid-July, pressured by a broad sell-off in AI-related technology stocks and investor caution ahead of the Federal Reserve's upcoming interest rate decision.
Bitcoin edged up on Thursday, but gains were capped by a hawkish Federal Reserve outlook and escalating U.S.-Iran tensions. Market participants are closely watching for MicroStrategy's quarterly earnings for insights into its corporate Bitcoin strategy.
The world's largest cryptocurrency showed resilience against a sell-off in AI-related tech stocks as traders adopted a cautious stance pending the Federal Reserve's interest rate announcement.
The Federal Reserve held interest rates steady in a widely expected move, citing persistent inflation. Bitcoin's price remained stable above a key technical support level as investors now focus on the central bank's future guidance.
