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Bitcoin Price Prediction: $107K Holds as Mastercard, Deutsche Bank, and UK Firms Drive Demand

2025-07-02 05:31:56

Bitcoin Price Prediction: $107K Holds as Mastercard, Deutsche Bank, and UK Firms Drive Demand

Main Idea

Bitcoin's price is showing bullish signals with institutional adoption growing, as evidenced by partnerships like Mastercard and Deutsche Bank's crypto custody plans, while technical analysis suggests potential breakout above $107.8K.

Key Points

1. Bitcoin is at $106,351, testing the 50-EMA at $106,898, with potential to rise to $107,832 and $108,979 if it closes above $106,786.

2. Mastercard partners with Bitget to enable Bitcoin and crypto payments at 150 million merchants, targeting Gen Z users, though the US is excluded due to regulatory constraints.

3. Deutsche Bank plans to launch a full crypto custody service by 2026, including tokenized payments and a stablecoin, marking a significant move into digital assets.

4. UK-based The Smarter Web Company added 230 BTC to its treasury, now holding 773 BTC worth $82.6 million, with plans to build a 10-year reserve.

5. BTC Bull Token ($BTCBULL) nears its $8.8M hard cap in presale, offering Bitcoin-linked tokenomics with airdrops and supply burns tied to BTC price increments.

Description

Bitcoin is getting useful again as Bitget Wallet launches a crypto-backed Mastercard in the UK and EU. The new card lets users spend digital assets like BTC at over 150 million merchants globally, directly from their wallets. Real-time crypto-to-fiat conversion with no fees makes it easier than ever to use Bitcoin for daily purchases. JUST IN: Bitget partners with Mastercard to launch a #Bitcoin and crypto card. Mastercard can be used at 150 million merchants pic.twitter.com/NORus65onr — Bitcoin...

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$147.94
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$BTC
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$ETH
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--3.38%

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