Cryptocurrencies Price Prediction: Bitcoin, Crypto & ZKB – European Wrap 9 September
|Bitcoin struggles around $57,000 as institutions load off BTC holdings
Bitcoin (BTC) recovered on Wednesday after retesting its daily support level of around $56,000, but the 2.15% decline on Thursday suggests this rebound may be fleeting. The downtrend may persist if BTC drops below the $56,000 support, evidenced by Lookonchain and Arkham intelligence data indicating institutional selling, alongside bearish on-chain signals such as decreasing daily active addresses and a declining Coinbase premium index.
These are the five narratives fuelling fears in crypto markets
Crypto markets are going through a tough ride this September so far, with most assets registering hefty losses as investors turn risk-averse. This fear among traders is driven by five key narratives, according to analysts from Santiment, who have examined the role of each of them in shaping the crypto market cycle and their impact on future prices.
Switzerland’s largest cantonal bank ZKB partners with Crypto Finance to launch crypto asset services
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer its clients crypto asset services. This partnership represents a major milestone in advancing the broader acceptance of cryptocurrencies in Switzerland.
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