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Analysts from Deutsche Bank forecast Bitcoin (BTC) rebounding to $28,000 by December 2022 as the cryptocurrency market continues to grapple with gloomy times.Bitcoin and the wider cryptocurrency markets have endured a tough six months, with the value of BTC, in particular, enduring its worst quarter in 10 years. Macroeconomic conditions
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También, es probable que las transacciones especulativas impliquen el uso simultáneo de varias monedas, lo que aumenta los efectos indirectos, dijo el banco. Cualquier liquidez que pueda existir en estos mercados podría evaporarse rápidamente, lo que erosionaría la confianza en los precios y aumentaría la probabilidad de efecto en cadena,
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Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing,” said the economists. Deutsche
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Instagram could lower the barrier for entry to the NFT market, the report said. Original Source
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Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls
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Major financial services firm Fidelity International will be listing a Bitcoin exchange-traded product on the SIX Swiss Exchange and Germany’s Xetra digital stock exchange.According to a Tuesday announcement from Deutsche Boerse, a physical Bitcoin exchange-traded product, or ETP, from Fidelity International is now available for trading on the Deutsche Boerse
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In an online survey of 3,250 U.S. consumers in December, the bank found 680 were cryptocurrency users, with 65% of those having gotten into crypto for the first time over the preceding 12 months. In no surprise, Deutsche found that most investors got into the space primarily to make money.
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Deutsche Bank initiated coverage of metaverse play Matterport with a buy rating, calling the company a leader in the digitization of the built world.The bank's analysts led by Bhavin Shah started coverage on Tuesday with a price target of $14, implying a 46% upside from the recent close.Matterport’s technology platform
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“Issuing an entirely EU [European Union] based Bitcoin ETC with Euro as base currency, we are able to offer exposure to an alternative asset class that we feel is ripe for opportunity in the current market environment,” CEO Eric Demuth said in a press release. Source
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