BitoGroup and Far Eastern International Bank have partnered to introduce the bank's first cryptocurrency-friendly account.
The world's first dedicated bank account for #cryptocurrency will be launched by BitoGroup in collaboration with Far Eastern International Bank, the company revealed. BitoGroup started providing services to financial institutions two years ago, becoming the first cryptocurrency exchange to partner with financial institutions, as the use of cryptocurrencies by international institutions keeps growing.
Notably, within the last 12 months, the value of Bitcoin has increased by over 100%, exhibiting amazing growth. With Bitcoin hitting an all-time high of $73,835.57 on March 14, 2024, there was hope for a possible rise towards the coveted $100,000 milestone.
In 2025, how high might Bitcoin rise? Bitcoin Price Forecast for 2024–2030: Minimum / Maximum Price: $82,000–$85,000 in 2024🚀 $110,000 to $115,000 in 2025 🚀🚀
Trump Says He Will Put An End to Joe Biden's "War on Crypto"
The notable expansion of the #cryptocurrency sector has garnered attention in the current political and investment conversation. Former President Donald Trump recently pledged, if reelected, to put a stop to what he called President Joe Biden's "War on Crypto" in a speech in West Palm Beach, Florida.
As it begins to cover MicroStrategy, Bernstein says that Bitcoin might reach $1 million within ten years.
#Bitcoin {{BTC}} is expected to reach a cycle-high of $200,000 by 2025 and $1 million by 2033, according to Bernstein, which also started covering software developer MicroStrategy, the largest corporate owner of the largest cryptocurrency, with an outperform rating.
The price of the #cryptocurrency stabilized until encountering bearish pressure, which caused it to drop below $3,500 after gaining from $3,000 to $3,800 following the introduction of Ethereum spot ETFs. The tiny dip in Bitcoin, which carried the entire cryptocurrency market down with it, was the main driver of this decline. As of right now, the cryptocurrency appears to be stabilizing and showing signs of increased buyer interest. As of the publication of this article, the value of one Ether is just over $3,500. It is now below the $3,800 threshold, which denotes the control point that has been identified since its previous rebound.
Tuesday night at Mar-a-Lago, a number of #Bitcoin miners met with former President Donald Trump, according to Matthew Schultz, executive chairman of the cryptocurrency mining startup CleanSpark Inc. According to Schultz, Trump informed the guests that he is passionate about and knowledgeable about cryptocurrencies and that Bitcoin miners contribute to the grid's stability. Schultz continued, "Trump stated he would support miners in the White House."