- Its course has overcome an important mark of $28,000
- Following BTC, many altcoins went up
- Experts attribute this to the news about EDX Markets
Bitcoin surged over 6% overnight and broke through the $28k resistance level. The altcoin reaction seemed a little muted compared to the “king of cryptocurrencies.”
Ethereum is up 4.7% and is trading above $1,800. The BNB token increased by about 3% to $251.65. The Solana blockchain coin is now trading at $16.80 (up 4.57%). The XRP token showed almost no movement, its price increased by 1% ($0.49).
The rally began after the news about the launch of their own crypto exchange from the best Wall Street players. Citadel Securities, Fidelity and Charles Schwab have announced that they are preparing a crypto platform for institutionals. It will be called EDX Markets.
An additional positive impulse for the market was the news from the banking giant Deutsche Bank. It plans to offer custodial storage services for crypto companies. Deutsche Bank is a European brand, so its plans are most likely related to the implementation of the MiCa bill.
The launch of EDX Markets echoes another positive news for the market. Recently, the largest asset manager in the US, BlackRock, filed an application to launch a Bitcoin ETF. They will maintain institutional interest in cryptocurrencies despite the SEC’s crackdown on the industry.
Futures for US stocks fell this night, as investors are hesitant before today’s speech by Fed Chairman Jerome Powell.