Bitcoin
Why Bitcoin is up 1.1% in the last hour
Analysis
Bitcoin rose about 1.1% over the past hour as traders reacted to two closely watched catalysts: Deutsche Bank’s reported plans to offer bitcoin and ether custody to institutional clients in Europe, which supports the institutional adoption narrative (The Block). BTC also swung higher amid post-Fed volatility following a unanimous quarter-point rate hike, with macro headlines driving short-term positioning (The Block).
Contributing Factors (3)
Deutsche Bank plans bitcoin, ether custody for institutional clients in Europe
Deutsche Bank plans to launch European digital asset custody this year, initially supporting bitcoin, ether, and select stablecoins.
Bitcoin, ether swing after unanimous quarter-point Fed rate hike as Warsh takes aim at inflation
Bitcoin and ether whipsawed as the Federal Reserve delivered its first rate hike in more than three years.
Bitcoin Is on Sale and Should Be Accumulated, Says Morgan Creek Capital CEO
Bitcoin Magazine Bitcoin Is on Sale and Should Be Accumulated, Says Morgan Creek Capital CEO Mark Yusko has said that bitcoin is undervalued, and when something is undervalued, you buy it. This post B...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.