“Bitcoin has continued its upward trend from the previous night, nearing the $30,000 mark for the first time since April.
Today, the digital currency reached a high of $29,789 as significant entities from the conventional financial sector have unveiled their cryptocurrency initiatives.
Deutsche Bank is in the process of obtaining regulatory approval to manage cryptocurrencies for its clients. Simultaneously, BlackRock, a prominent asset manager, is preparing to launch the first spot Bitcoin exchange-traded fund in the US.
This increase in Bitcoin’s value is happening despite the ongoing regulatory scrutiny of cryptocurrency exchanges in the US, including Coinbase and Binance
If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.
Terms of Website Use
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned