- Bitcoin reaches highest level since May, up 74% this year.
- New digital asset exchange backed by Citadel, Fidelity and Charles Schwab boosts investor confidence.
- BlackRock and WisdomTree apply for US Bitcoin ETFs, potentially adding depth to the crypto market.
- Deutsche Bank AG applies for regulatory permission to operate a custody service for digital assets.
- Macro forces, including US monetary tightening and China stimulus, shape market outlook.
Bitcoin Hits a Six-Week High as Financial Titans Step Up Crypto Initiatives
Bitcoin climbed to the highest level since early May, buoyed by crypto initiatives involving major players from the traditional financial sector.
Suvashree Ghosh
