Bitcoin
Why Bitcoin is up 1.2% in the last hour
Analysis
Bitcoin rose about 1.2% over the past hour as sentiment improved on regulatory-access headlines, including Danske Bank opening retail bitcoin access after years of resistance, which can be read as incremental mainstream adoption (Bitcoin Magazine). Additional support came from attention on institutional involvement after Goldman Sachs’ disclosed crypto holdings highlighted continued engagement with BTC (CryptoPotato), helping offset broader market jitters noted in ETF-flow coverage (CoinDesk).
Contributing Factors (3)
Cryptos crumble, bitcoin falls through $66,000, as Friday's bounce fades
With so many other asset markets in rally mode, investors for the moment appear to have moved on from crypto.
Danske Bank Opens Retail Bitcoin Access After Years of Crypto Resistance
Bitcoin Magazine Danske Bank Opens Retail Bitcoin Access After Years of Crypto Resistance Danske Bank now allows retail customers Bitcoin-linked ETP access, reversing years of crypto resistance amid r...
Goldman Sachs’ Crypto Portfolio: BTC, ETH, XRP, and SOL Holdings Revealed
The investment bank's positions are through crypto ETFs, not direct token holdings.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.