Cryptocurrencies: Bitcoin rises with progress in peace negotiations and rumors about American banks

Bitcoin was rising late in the afternoon of this Friday, the 14th, driven by several factors. Progress in negotiations for a peace agreement in Ukraine and confirmation of the continuation of the ceasefire between Israel and Hamas benefited crypto assets throughout the day. In addition, rumors that two large American banks could start offering digital asset management to their clients also encouraged investors.

At around 5 pm (Brasília time), Bitcoin was trading up 2.40%, at US$$ 97,906.33, according to Binance. Ethereum, on the other hand, was up 3.64%, at US$$ 2,736.88. According to sources heard by The Information, State Street and Citi Bank are preparing to soon launch bitcoin and other cryptocurrency management services in the US. The news was echoed by crypto traders on social media. The initiative, which may also involve other banks, comes amid expectations of a possible loosening of regulations for digital assets under the Donald Trump administration.

In corporate news related to digital currencies, Coinbase released quarterly results above market expectations yesterday, after the close of the New York stock exchanges, driven by a more favorable regulatory scenario, which has attracted investors back to the cryptocurrency market. The news continued to resonate among traders this Friday.