Deutsche Bank analysts see Bitcoin recovering to $28K by December
Deutsche Bank analysts forecast a 30% recovery for Bitcoin by December driven by correlation to S&P 500.
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Bitcoin Could Climb to $28K by 2022’s End, Deutsche Bank Analysts Suggest
Analysts at Deutsche Bank – Marion Laboure and Galina Pozdnyakova – argued that the cryptocurrency market is “highly fragmented,” and its decline could continue in the near future. However, they…
Deutsche Bank Expects Sooner, More Severe US Recession as the Fed Takes ‘Aggressive Hiking Path’
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…
U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery?
Strong euro and overbought readings could pressure the dollar further, showing signs of topping out—Bitcoin at risk of falling.
Report: 100,000 Cubans Are Using Cryptocurrencies to Bypass Financial Sanctions
On May 2, 2022, a report stemming from the broadcast television and radio network the National Broadcasting Company (NBC), 100,000 Cubans are leveraging crypto assets. The report says increased crypto…
Deutsche Bank Predicts Major US Recession Next Year
Deutsche Bank’s economists have warned that the U.S. will suffer a major recession next year. However, several other major investment banks, including Goldman Sachs and JPMorgan, are less pessimistic about…
Instagram Integrating NFTs Incentivizes Mainstream Adoption: Deutsche Bank
Deutsche Bank, a former cryptocurrency critic, believes Meta’s decision to integrate NFTs into one of its companies – Instagram – will legitimize those assets. Instagram Will Legitimize NFTs According to…
Deutsche Bank to Exit Russia, Says There Will Be No New Business There
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…
Data Shows Global Financial Conditions Tightest in 2 Years, Shaky Bond Markets Point to Long-Run Inflation
At the end of the trading day on Monday, Wall Street was roiled once again as major stocks plunged during the day’s trading sessions. Most news outlets indicate the Russia-Ukraine…
‘Deep bullishness’ for crypto: Analyst comments on Deutsche Bank report
A U.S. consumer survey by investing powerhouse Deutsche Bank provides “bullish” insights into the crypto market.