Bitcoin recovers to $82,500 after briefly dipping below $80,000
Bitcoin fell below $80,000 before recovering to $82,500 within two hours, as Asian stock markets also rebounded.
The move coincided with a recovery in South Korean chipmakers, which had closed at their lowest level since April. The rapid rebound suggests strong demand at the $80,000 level, although the broader macroeconomic environment remains unstable.
Deutsche Bank to launch crypto custody in a matter of weeks
Deutsche Bank is preparing to launch its first institutional digital asset custody service in a matter of weeks, according to product materials and statements from bank executives.
The initial offering will cover Bitcoin, Ether, and three stablecoins. A bank executive indicated that the launch will begin with major cryptocurrencies before expanding at a later stage to include on- and off-ramp capabilities.
The move places Deutsche Bank among a growing number of traditional financial institutions entering the digital asset custody space, targeting institutional clients seeking regulated infrastructure for holding crypto assets.
#BTC #ETH #DeutscheBank #bitcoin #CoreaDelSur $BTC $ETH
Bitcoin fell below $80,000 before recovering to $82,500 within two hours, as Asian stock markets also rebounded.
The move coincided with a recovery in South Korean chipmakers, which had closed at their lowest level since April. The rapid rebound suggests strong demand at the $80,000 level, although the broader macroeconomic environment remains unstable.
Deutsche Bank to launch crypto custody in a matter of weeks
Deutsche Bank is preparing to launch its first institutional digital asset custody service in a matter of weeks, according to product materials and statements from bank executives.
The initial offering will cover Bitcoin, Ether, and three stablecoins. A bank executive indicated that the launch will begin with major cryptocurrencies before expanding at a later stage to include on- and off-ramp capabilities.
The move places Deutsche Bank among a growing number of traditional financial institutions entering the digital asset custody space, targeting institutional clients seeking regulated infrastructure for holding crypto assets.
#BTC #ETH #DeutscheBank #bitcoin #CoreaDelSur $BTC $ETH