With the Supreme Court decision, the upcoming PPI and the increasing tension with Iran, the agenda in cryptocurrencies is extremely busy. Bitcoin price exceeded 96 thousand dollars after a long break. Now, the second largest bank in the USA has received a MiCA license to offer cryptocurrency services to retail customers.
Cryptocurrencies Last Minute
DZ Bank, Germany’s second largest bank, applied for and received a license from MiCA, the EU’s crypto service license, to provide cryptocurrency services to individual customers. Crypto Asset Markets (MiCA) framework requires licensing for companies that will provide crypto services in the European economic area. Thanks to this approval, the bank will open meinKrypto, a cryptocurrency trading platform, to its customers.
DekaBank launched crypto trading and custody services at the end of last year. The increasing interest of the well-established financial institutions of the USA and the EU in cryptocurrencies is a result of the growing interest in this field. BlackRock’s most profitable ETF product last year BTC ETF the one which… IBIT He explained that it was. The asset manager, which has generated hundreds of millions of dollars in revenue, has increased the appetite of other financial institutions and they are now competing to establish a presence in this space.
Supreme Court Tariff Decision
The biggest event today is not the DZ Bank license. The Supreme Court decision regarding customs tariffs is expected to be announced at 18:00. Trump has talked throughout the week that canceling the tariffs would be devastating to the economy and said he still has alternative plans. Trump’s authority is to impose taxes of up to 15% for a limited time, and if we remember the showdown taxes exceeding 100%, this rate is not a figure that will scare rivals such as China.
Cryptocurrency investors have been cautious for a long time, worried about the uncertainty and chaos that would occur with the tariff decision. But in the last 12 hours, cautiousness has been replaced by bullishness, and it is difficult to tell whether this is a trap or not. BTC price While it had been declining for months due to tariffs, it has now risen to levels it has not seen for several months, on the very day of the tariff decision.
Volatility increases are likely in the coming hours and investors could see massive liquidations in both directions again.
