Bitcoin yesterday suddenly soared 4% and briefly touched US$94 thousand amidst a stagnant market. This increase was also followed by Ethereum (ETH) which rose twice as high as BTC to US$3,300.
This event occurred due to news from one of the giants of American banking, PNC Bank, which became the pioneer among traditional banks to offer direct Bitcoin trading to its customers.
This means that barriers to Bitcoin access are beginning to decrease and could encourage the influx of funds from market players. Additionally, this indicates that crypto is increasingly being accepted in traditional finance.
Furthermore, the Office of the Comptroller of the Currency (OCC) in the US, the currency oversight agency, classified crypto digital assets as "risk-free principal" which means it allows banking to trade Bitcoin through intermediaries.
As information, it was observed that the majority of altcoins also experienced movements similar to those of Bitcoin and Ethereum. For instance, Solana (SOL) briefly touched US$143, XRP rose 3% to US$2,165, and Binance Coin (BNB) to US$923.
