Crypto Today: Bitcoin Targets $125K as Stablecoin and Blockchain Adoption Expands
Wondering what happened in crypto today? The latest developments include a bullish Bitcoin forecast from Bernstein, Revolut’s expansion into euro stablecoins, and a major new blockchain initiative involving US banking associations.
These stories highlight the continued evolution of Bitcoin, blockchain technology, stablecoins, Web3, and crypto regulation across global financial markets.
Bernstein Sees Bitcoin Returning to $125,000 by Late 2026
Wall Street research firm Bernstein expects Bitcoin to recover from its recent weakness and potentially return to record territory as the cryptocurrency moves toward the next stage of its historical market cycle.
According to a research report published Wednesday, Bernstein projects that Bitcoin (BTC) could climb back to around $125,000 by late 2026. Interestingly, that target applies to both the firm’s base-case and bullish scenarios.
Bitcoin has already shown signs of renewed strength. The cryptocurrency gained approximately 28% over a 10-day period after previously falling close to 50% from its October 2025 peak.
Bernstein analysts believe this recovery could indicate that the latest bearish phase is approaching its end.
Institutional Demand Could Limit Bitcoin Drawdowns
Another important factor is the growing influence of institutional investors and corporate Bitcoin buyers.
Bernstein argues that these larger market participants have provided stronger support during periods of falling prices. As a result, Bitcoin’s latest decline has been less severe than some previous bear markets.
Historically, Bitcoin has experienced drawdowns of roughly 75% to 90% during major market downturns. The smaller decline this time could suggest that the cryptocurrency market is becoming increasingly influenced by institutional capital.
If this trend continues, Bitcoin could potentially experience less extreme downside volatility during future market cycles.
Revolut Launches EURR Euro Stablecoin in Europe
Meanwhile, Revolut has started introducing its first euro-denominated stablecoin to selected European customers.
The new token, called EURR, is pegged to the euro and is initially being made available to selected users in Denmark, Poland, and Portugal.
Revolut said the gradual rollout is expected to expand into additional European Economic Area markets later in the year. However, further expansion will depend on regulatory, operational, and product readiness.
EURR is issued by Bridge Building S.A., a Luxembourg-based entity connected to Bridge, the stablecoin infrastructure company owned by Stripe.
EURR Will Be Integrated Into Revolut’s Retail App
Revolut plans to integrate EURR directly into its retail application.
The company also intends to support the stablecoin across multiple blockchain networks and eventually allow customers to transfer EURR to external crypto wallets.
The introduction of EURR gives Revolut a stablecoin designed to comply with the European Union’s Markets in Crypto-Assets regulation, commonly known as MiCA.
The rollout comes as Revolut phases out support for Tether’s USDT in the European Economic Area and Switzerland.
The company previously indicated that remaining USDT balances would be converted into customers’ base currencies after August 31.
According to a Revolut representative, Denmark, Poland, and Portugal were selected partly because of their market size. Around two million customers could participate in the first stage of the rollout.
US Banking Associations Plan Nationwide Blockchain Network
Blockchain adoption is also expanding within the traditional US banking sector.
Thirty-nine state banking associations have created the BankChain Alliance, an initiative designed to establish a nationwide blockchain network owned by participating financial institutions.
The project is currently targeting a launch in 2027.
The planned network could support several blockchain-based financial services, including tokenized deposits, stablecoins, automated settlement systems, and advanced payment tools.
BankChain also intends to make the platform interoperable with other blockchain networks.
The alliance is currently evaluating potential technology partners for the project.
Thousands of US Financial Institutions Could Participate
The 39 participating banking associations collectively represent thousands of financial institutions across the United States.
BankChain plans to give banks across the country an opportunity to acquire ownership stakes in the network.
However, several important details remain unclear. The initial announcement did not identify individual banks that have formally committed to participating. It also did not provide full details about the platform’s governance structure or financing.
Nevertheless, the initiative reflects a broader shift within the US banking industry.
Since late 2025, several bank-backed blockchain projects have emerged as major, regional, and community banks explore ways to move deposits and payments onchain while remaining within the regulated financial system.
The latest developments suggest that blockchain infrastructure, stablecoins, and institutional cryptocurrency adoption are becoming increasingly integrated with traditional finance.
