Crypto News

Bitcoin price hovered at $107,783 at the time of reporting, backed by a market capitalization of $2.14 trillion. With a 24-hour trading volume of $27.94 billion and intraday movement between $105,402 and $107,727, the cryptocurrency showcased a blend of strong momentum and near-term caution. Bitcoin On the daily chart, bitcoin recently bounced off strong supportSource link

Deutsche Bank (DB) is planning to debut a crypto custody service next year, Bloomberg reported on Tuesday.Germany's largest bank has enlisted cryptocurrency exchange Bitpanda to help build the offering, according to the report, citing people familiar with the matter.Deutsche's prior involvement in crypto custody has largely been through Swiss custodian Taurus, of which the German bank is both an investor and a client. It is not clear how this relationship would develop should Deutsche begin offering its own service in-house. The bank's other recent crypto initiatives have been concentrated in the stablecoin sector, with its asset management subsidiary DWS planning to issue a euro stablecoin as part of a joint venture with Flow Traders and Galaxy (GLXY).Deutsche did not immediately...

Nexo has announced a three-year partnership with the DP World Tour, becoming the Tour’s Official Digital Asset and Wealth Partner through 2027. This collaboration will kick off with six premier tournaments in 2025, including the Genesis Scottish Open and the BMW PGA Championship, featuring top players like Rory McIlroy and Scottie Scheffler. A highlight ofSource link

Bitcoin (BTC) is currently moving within a descending channel a persistent bearish structure that began on May 22, when it hit a high of $112,000. After reaching this level, the price fell about 10% to around $100,000. It then made a lower high at $110,000 on June 10, which was followed by a roughly 10% correction, taking it slightly below $100,000 during market reactions tied to the U.S.-Iran conflict. As of June 30, bitcoin reached around $109,000 before pulling back about 3%, but has since recovered to nearly $108,000. The recent dips appear to be getting shallower.During the latest dip, there was a CME futures gap around $106,000, which was “filled” as bitcoin dropped to around $105,000. A CME gap...

With the Fed signaling it will maintain its restrictive monetary policy stance, investors are rethinking their exposure to Bitcoin ETFs.Source link