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Standard Chartered has completed its first live digital asset prime brokerage trades with LMAX Group, using its balance sheet to intermediate institutional Bitcoin trades and expand bank-backed crypto market infrastructure.
Citi slashed its 12-month Bitcoin target to $82,000 and its Ethereum target to $2,240, citing weaker investor demand and ETF outflows as BTC traded near $58,864.27.
Bitcoin jumped back above $60,000 to start July, as traders bet a relief rally could continue through the month despite US dollar strength capping weekly highs.
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