Bitcoin, Ethereum, Dogecoin Rise After Deutsche Bank Launches Crypto Custody Services: Analyst Expects King Crypto To Reach This Level If It Breaks $26,600 Threshold
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a surge following Deutsche Bank's partnership with Taurus for crypto custody services. Deutsche Bank has submitted an application for a crypto custody license to Germany's financial watchdog, BaFin. The global crypto market capitalization stands at $1.04 trillion, a 0.87% increase in the last day. The S&P 500 and the Nasdaq Composite also showed solid increases. Analysts suggest that Bitcoin may experience a bullish breakout but caution against a retest of the lows.
September 15, 2023 | 3:56 am
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Bitcoin experienced a surge following Deutsche Bank's partnership with Taurus. Analysts suggest a bullish breakout but caution against a retest of the lows.
The partnership between Deutsche Bank and Taurus for crypto custody services has led to a surge in Bitcoin. Analysts predict a bullish breakout, indicating a potential increase in Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Deutsche Bank has partnered with Taurus for crypto custody services and has submitted an application for a crypto custody license to BaFin.
Deutsche Bank's partnership with Taurus for crypto custody services and its application for a crypto custody license to BaFin indicates its move into the cryptocurrency market, which could potentially increase its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin experienced a surge following Deutsche Bank's partnership with Taurus for crypto custody services.
The partnership between Deutsche Bank and Taurus for crypto custody services has led to a surge in Dogecoin, indicating a potential increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum experienced a surge following Deutsche Bank's partnership with Taurus for crypto custody services.
The partnership between Deutsche Bank and Taurus for crypto custody services has led to a surge in Ethereum, indicating a potential increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100