Bitcoin is pushing toward the $70,000 mark as cooling Consumer Price Index (CPI) figures and increased accumulation by large Bitcoin holders, known as “whales,” contribute to this upward trend, according to Santiment. This comes at a time when recent US CPI reports indicate a slowdown in inflation, which has bolstered investor confidence in riskier assets such as cryptocurrencies.
PNC has become the first major US bank to offer direct Bitcoin trading to its private clients, leveraging the services of Coinbase Prime both for transaction routing and asset custody. This move highlights the increasing […]
Citi Bank, a significant player in the banking industry, predicts that Bitcoin will reach $189,000 by the end of the year. This optimistic forecast is partly influenced by the growing trend of institutions acknowledging Bitcoin’s […]
Bitcoin has surged above $70,000, marking a 1.72% increase for the day. This milestone comes amid a backdrop of significant institutional adoption, as major financial entities incorporate Bitcoin into their portfolios as a hedge against […]