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Bitcoin rose on Friday morning in Asia to trade above US$26,500. Ether also moved higher to over US$1,600. All other top 10 non-stablecoin cryptocurrencies gained with Tron network\u2019s TRX token leading the winners with a 24-hour rise of over 3%. The rise in crypto prices coincided with an announcement from Deutsche Bank that said the largest German lender would provide crypto custody services. U.S. stock futures edged up after Wall Street closed higher on Wednesday following strong economic data from the U.S.<\/p>\n
Bitcoin rose 1.49% in the last 24 hours to US$26,610.48 as of 07:30 a.m. in Hong Kong and went up 1.60% for the week, according to CoinMarketCap<\/a> data. The world\u2019s largest cryptocurrency reclaimed US$26,774.62 on Thursday evening, the highest price since Aug. 31.<\/p>\n Bitcoin\u2019s rise this week \u201ccoincides with a noticeable return in investor sentiment,\u201d Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com, said in an emailed comment.<\/p>\n By the end of Wednesday, open interests in Bitcoin derivatives reached about 7.525 billion \u2014 its highest levels since Aug. 31, and the same applies to Ether open positions that reached around 3.7 billion, said Hasn, citing data from blockchain intelligence platform CryptoQuant.<\/p>\n Ether gained 1.38% to trade at US$1,629.33 but was still down 0.95% for the past seven days.<\/p>\n The crypto market received a boost from news that Deutsche Bank \u2014 a German lender that had US$1.4 trillion<\/a> in total assets at the end of 2022 \u2014 will launch custody services for cryptocurrencies and tokenized assets of institutional customers in a partnership with Swiss fintech firm Taurus, according to a Thursday press release<\/a>.<\/p>\n \u201cAs the digital asset space is expected to encompass trillions of dollars of assets, it\u2019s bound to be seen as one of the priorities for investors and corporations alike. As such, custodians must start adapting to support their clients,\u201d Paul Maley, global head of securities services at Deutsche Bank, said in the announcement.<\/p>\n \u201cDeutsche Bank\u2019s recent announcement to offer crypto custody services is a positive step towards a growing acceptance and development of crypto in the mainstream financial sector. It could also be potentially providing a renewed sense of confidence among investors,\u201d said John Stefanidis, chief executive officer and co-founder of blockchain infrastructure decentralized organization, Balthazar DAO.<\/p>\n All other top 10 non-stablecoin cryptocurrencies posted gains in the past 24 hours. Tron\u2019s TRX led the winners, which rose 3.46% to US$0.08388 and added 6.15% for the week.<\/p>\n