Charles Schwab Launches Spot Trading for Bitcoin and Ethereum
- Charles Schwab introduces Schwab Crypto, a spot trading service for Bitcoin and Ethereum.
- The market predicts a 99.9% probability of Bitcoin staying above $68,000 by April 16.
- Bitcoin price predictions indicate a 100% certainty it won’t fall below $60,000 in April.
- $390,585 in USDC was traded over 24 hours in the Bitcoin prediction market.
- An order book depth of $301,452 is required to shift the price by 5 percentage points.
- Schwab’s platform treats Bitcoin as a digital commodity rather than a security.
Trading Analysis
Trading Signal: BULLISH (Score: +8)
The entry of Charles Schwab into crypto trading boosts confidence in maintaining high Bitcoin prices.
Price Levels:
Current: Not specified
Support: $60,000 | Resistance: $68,000
24h/Recent Range: Not specified
Catalysts & Timeline:
• Near-term: Market prediction for April 16
Risk Assessment:
• Potential regulatory changes could impact institutional sentiment.
The launch of Schwab Crypto is expected to sustain high demand for Bitcoin and Ethereum, with traders confident in maintaining prices above key thresholds. This development marks an important step as Schwab treats Bitcoin as a digital commodity.
Source (3.2)https://cryptobriefing.com/charles-schwab-launches-spot-trading-for-bitcoin-and-ethereum/?rand=59535
