Sparkassen to Launch Bitcoin Trading for 50 Million Clients by 2026
Germany's largest banking group, Sparkassen, will offer Bitcoin and crypto trading to 50 million retail clients by summer 2026. This decision marks a significant policy reversal from its previous stance on cryptocurrency volatility.
Key details include:
- Clients can trade Bitcoin and selected digital assets through their mobile banking apps via DekaBank.
- The rollout responds to increasing institutional interest and regulatory clarity under the EU's Markets in Crypto-Assets (MiCA) rules.
- Retail demand for crypto services influenced the decision, as confirmed by Matthias Dießl of the Bavarian Savings Banks Association.
- This initiative positions Sparkassen ahead of BNP Paribas and Société Générale, which focus more on custody and tokenization.
- It reflects a cultural shift towards broader acceptance of digital assets in European banking, potentially pressuring other traditional banks to follow.
Current Bitcoin Market Analysis
Bitcoin is trading near $107,500, consolidating below resistance at $110,000. A bullish cup and handle pattern indicates potential upward movement if it breaks above $110K. Key metrics include:
- Potential target range of $125,000–$130,000 upon confirmation above $111K.
- Short-term support levels at $106,100 (20-day EMA) and $104,100 (50-day EMA).
- A clean daily close above $110K confirms the breakout; a drop below $101K invalidates the pattern.
BTC Bull Token Update
The BTC Bull Token (BTCBULL) presale has raised over $7.8 million USDT towards a target of $8.87 million, with a current presale price of $0.002585. The claim phase begins in six days, allowing purchases via card or crypto.