#Brazilian Banks Signal Institutional Confidence in #Bitcoin 🚀

Brazil’s biggest private bank, Itaú Unibanco, has suggested a 1–3% Bitcoin allocation for client portfolios, highlighting $BTC as a diversification tool and hedge against currency risk. This move signals growing institutional acceptance, especially as Itaú expands its crypto trading and custody services.

Currently, $BTC trades near $88,970, with market dominance at 58.78% and solid liquidity across exchanges. Short-term technicals show mixed to slightly bearish momentum, and market sentiment remains in Fear. However, institutional recommendations like this often surface during consolidation phases rather than euphoria.

With Brazil’s crypto regulatory framework expected to mature by 2026, traditional finance involvement is steadily rising. For long-term investors, developments like this underscore Bitcoin’s role as a strategic asset, even amid short-term uncertainty.