Bitcoin and Ether experienced price increases, with Bitcoin trading above $26,500 and Ether surpassing $1,600. Additionally, other top non-stablecoin cryptocurrencies also saw gains.
This coincided with Deutsche Bank’s announcement that it would offer crypto custody services, signaling growing acceptance and confidence in the mainstream financial sector. The positive sentiment in the crypto market contrasted with regulatory battles in the US, such as the SEC charging Stone Cats 2 for conducting an unregistered offering of crypto asset securities.
Meanwhile, US stock futures rose following strong economic data, including higher-than-expected retail sales in August. The market awaits further economic data from China, including house prices, fixed asset investment, retail sales, industrial production, and unemployment.
Source: forkast
