Germany's Cooperative Banks Launch Cryptocurrency Trading
- Crypto Trading Launch: Germany's cooperative banking network has initiated cryptocurrency trading through DZ Bank, enabling millions of retail customers to buy and sell digital assets like Bitcoin and Ethereum directly through their existing banking relationships, significantly enhancing investment options for clients.
- Phased Rollout Plan: DekaBank is preparing to launch a phased crypto trading platform for Germany's savings banks later this year, which is expected to further expand access to digital assets and meet the growing market demand.
- Increased Customer Trust: Survey data indicates that German consumers trust their primary banks more than twice as much as dedicated crypto trading platforms, suggesting that bank-provided crypto services could attract more younger customers and enhance banks' competitive edge in the market.
- Tax Policy Changes: The German government is considering adjustments to the taxation of digital assets, planning to end long-term tax exemptions by 2027, which could influence investor decisions and prompt more caution in the crypto market.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0159 | 0.0233 | 0.0301 | 0.0375 | 0.0443 | 0.0517 | 0.0585 |
| Fibonacci | 0.0233 | 0.0288 | 0.0321 | 0.0375 | 0.043 | 0.0463 | 0.0517 |
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