Bitcoin (BTC) is set to hit an all-time high high before the end of the week, says Markus Thielen, head of research at 10x. “It is always important to track price movements over the weekend, even if it was attempted [liquidate] There are no sellers due to the leveraged long positions,” Thielen said in a note titled “Everyone will be surprised by Bitcoin’s price action this week.” The cryptocurrency hit a record in euro terms on Monday and was at press time on Tuesday trading at around $66,839, less than 3% below its all-time high in dollar terms of $69,000 reached in November 2021. The broader CoinDesk 20 Index (CD20) was 4.7% higher. Another rally could be on the way, according to Laurent Kssis, a crypto ETP specialist at CEC Capital. Buying pressure appears to be strong among retail investors as they view recent Bitcoin exchange-traded funds (ETF) spot inflows as an important moment of momentum. “The inflows are still very supportive and not quite over yet, which could and could continue to push the price higher in the cryptocurrency markets,” he said.
Deutsche Börse, the operator of Germany's largest stock exchange, has started a crypto spot trading platform for institutional clients, the company said in a statement on Tuesday. DBDX offers a fully regulated ecosystem for trading, settlement and custody of crypto assets, the company said. Trading on DBDX is initially based on a request for quotation (RFQ), followed by multilateral trading. Deutsche Börse will operate the trading venue and Crypto Finance will provide settlement and custody services.
Baanx, a cryptocurrency payments specialist authorized by the UK Financial Conduct Authority (FCA), has done so behaved $20 million in Series A funding round, the company announced on Tuesday. The investment, which included Ledger, the Tezos Foundation, Chiron and the British Business Bank, brings the crypto payments provider's total funding to over $30 million. London-based Baanx, which operates the Ledger card product, recently signed a three-year partnership with Mastercard for the UK and Europe. Big legacy payments companies like Mastercard and Visa are quietly exploring things like Ethereum payments, stablecoins and the Web3 world of non-custodial wallets – areas where Baanx offers seamless connectivity.