Bitcoin (BTC) reached a new high of $ 13,480 on October 27, when new news about the bank’s entry into the cryptocurrency market drove emerging markets.

Banking News raises BTC price to $ 13,480
Data from the Cointelegraph, Coin360 and TradingView markets showed that the bitcoin / dollar pair rose again during Tuesday’s trading, adding 2% in just one hour.

The measure follows unconfirmed news that DBS has decided to establish a cryptocurrency exchange and offer cryptocurrency custody services that are fully regulated by the country’s de facto central bank, the Monetary Authority of Singapore (MAS).

This step was originally shown on a cached webpage, which later disappeared from the public domain. DBS has not confirmed yet.

In any case, Bitcoin reacted immediately and left the region in the region below $ 13,000, rejecting fears of an impending correction.

Pal: 3 months record high “latest”
For Raoul Pal, CEO of Real Vision, the mood was cheerful and the likelihood of success was more likely than ever.

“There are literally two opponents left on the bitcoin chart – 14,000 and then the old record of 20,000,” he tweeted.

“I expect new heights no later than early next year.”
This will increase bitcoin by another 50% in about three months – and the largest cryptocurrency has already shown an annual gain of over 85%.

Source: CoinTelegraph