Bitcoin and Ethereum rise after Fed rate hike, Deutsche Bank to enter crypto custody
- —BTC around $76,500, ETH around $2,450 after the Fed rate hike
- —Bitcoin ETF outflows totaled $296 million, Ethereum ETF outflows $224 million
- —Zcash rose 17% to a record above $1,350, up 165% year-to-date
- —Deutsche Bank plans custody for BTC, ETH, USDC, EURC and EURAU by the end of the year
Why it matters: Deutsche Bank's entry into crypto custody strengthens institutional infrastructure, while BTC and ETH holding up after Fed tightening reduces the risk of further selling.
Source: Block-Builders