the highest level since early May, buoyed by crypto initiatives involving major players from the traditional financial sector.
“The rally is backed by institutional demand,” said Hayden Hughes, co-founder of social-trading platform Alpha Impact. “The BlackRock announcement on a bitcoin ETF, plus EDX Markets, gave bitcoin a boost on hopes that traditional institutions will add depth to the crypto market.” Meanwhile in Europe, Deutsche Bank has applied for regulatory permission to operate a custody service for digital assets.
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