Caceis is a big bank in France and You will feel happy to hear that this bank got the approval for the bitcoin custody service. Do you understand the pattern? When negative news comes, it keeps on coming but it is shocking that suddenly the trend has changed. This thing proves that we can't even predict what will happen in cryptocurrency tomorrow. No one knows when the market starts crashing and when it starts going upside.

Currently, weekend time is going on so we are not seeing any good fluctuation in the bitcoin but we will see what will happen tomorrow. So Monday is important for us because we are seeing an uptrend for the last 4 days so if it will continue or not we will know tomorrow. I think we will see more good news in the coming days because one by one big company entering crypto which will impact positively others.

Bank got permission for crypto custody

We can see what is happening after the Blackrock update. The United States gives permission to the companies and there are multiple factors working behind it. US and China competition is also the reason that works here. The US will not want that china takes all the benefits of cryptocurrency. And whales wanted to take the entry around 25k bitcoin price and that is a pre-planned thing.

So this is what I saw in my research but I can be wrong. Anyway, big institutions are also coming into crypto and you will be shocked to know that these institutions (Institutional Investor) have already taken entry recent big bitcoin dump. SEC created solid pressure on Bitcoin. After institutions, banks are also coming in crypto. Let me share a recent update that banks like Caceis and credit agricole got permission of bitcoin custody service and this is not a small news.

This is the beginning of the bull run?

If you see the history and patterns and compare them with the current time then bitcoin is following the cycle and this is part of the cycle. We can't say that the bull run has started but one thing is confirmed we are in an uptrend. We will not see a continuous uptrend but it will create a higher high. which means we will see small corrections as well because correction is part of the upside movement.

we also can't expect that BTC will move to $ 70k within a week. There are 313 days remaining for bitcoin halving and bitcoin creates an all-time high after the halving event so we can't expect that bull run will start today. Also, altcoins are not showing good greenery. It will take time for the alt season and it's been a long time since we waited for the good alt season. Anyway, you can share this post with your crypto friends and family and show this good news to them.

Thank you, everyone.

Lucky Ali

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		Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥

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