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News emerged that in the near future, customers of US banks will have the opportunity to buy, hold and sell bitcoin through existing accounts.
Media reports said Stone Ridge has partnered with Fidelity National Information Services (FIS) to allow banks to offer bitcoin services in the coming months.
"What we are doing is making it easier for ordinary Americans and corporations to buy bitcoins using their bank accounts," they said.
Unsurprisingly, such news renewed the interest not only on Bitcoin, but to other tokens as well.
Of course, Bitcoin fans can still use the services of PayPal, Square and Coinbase. However, with banking access, retail buyers will no longer need to understand the principles of blockchain and cryptocurrency technology. The partnership seeks to simplify bitcoin transactions by cutting out the middlemen of BTC exchange services.
Aside from that, the crypto market will no longer be exclusive to wealthy Americans. Recall that at the moment, US banks offer Bitcoin services only to large customers.
FIS believes that there should be no problems with the merger of smaller banks, which cannot be said about giants such as JPMorgan Chase and Bank of America. These financial institutions may face significant pressure to offer cryptocurrency to their retail clients. Goldman Sachs and JPMorgan have already shown interest in the new program, but there is still no specifics on this issue.
As soon as the program starts, Bitcoin, without a doubt, will rally and reach new all-time highs. But it has to break through $ 57,800 first before it can jump to $ 61,000 and $ 64,500. Otherwise, it will drop to $ 52,700. The next major support is $ 47,500.
With regards to Etherum, a sharp increase towards $9,000 is expected, provided that there are no major drawdowns in Bitcoin and the demand for DeFi technology continues to increase.
Right now, the token is hovering at $3,500, and each correction that it undergoes is seen as an excellent opportunity to gain more attractive prices. In fact, breaking above $3,540 will lead to a jump towards $4,000 and $4,300.
The largest correction that ETH can undergo is to $3,220 or $3,050, where it would be best to place limit orders for long positions.
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