- His rate crossed the important mark of $28,000
- Many altcoins followed BTC
- Experts attribute this to news about EDX Markets
Bitcoin rose overnight by more than 6% and crossed the $28,000 resistance level. Altcoin reaction seemed a bit muted compared to the “king of cryptocurrencies.”
Ethereum rose 4.7% and is trading above $1,800. BNB token up about 3% to $251.65. Solana blockchain coin now trades for $16.80 (up 4.57%). The XRP token showed almost no movement and was up 1% ($0.49).
The rally began after news of the launch of its own crypto exchange from Wall Street’s top players. Citadel Securities, Fidelity and Charles Schwab announced that they are preparing a crypto platform for institutions. It will be called EDX Markets.
Additional positive momentum for the market was the news from banking giant Deutsche Bank. He plans to offer custodial storage services for cryptocurrencies. Deutsche Bank is a European brand, so its plans are likely related to the implementation of the MiCa bill.
The launch of EDX Markets echoes another positive news for the market. BlackRock, the largest asset manager in the U.S., recently applied to launch a bitcoin-ETF. They will maintain institutional interest in cryptocurrencies despite tough SEC action on the industry.
U.S. stock futures fell overnight as investors hesitated ahead of today’s speech by Federal Reserve Chairman Jerome Powell.
U.S. stocks fell overnight as investors hesitated ahead of today’s speech by Fed Chairman Jerome Powell.