Bitcoin Price Holds at $107K as Institutional Adoption Accelerates with Mastercard, Deutsche Bank, and UK Firms
Published at：2025年07月02日 15:09
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Bitcoin is regaining utility as Bitget Wallet introduces a cryptocurrency-backed Mastercard for users in the UK and EU. The innovative payment solution enables seamless spending of digital assets like BTC at over 150 million global merchants directly from crypto wallets. With real-time crypto-to-fiat conversion and zero transaction fees, daily Bitcoin payments have become more accessible than ever.
The card, powered by Immersve's infrastructure and compliant with Mastercard standards, circumvents traditional banking barriers with a focus on Gen Z users in underserved markets. While currently excluding the US due to regulatory hurdles, expansion plans remain underway. This development marks a significant shift in Bitcoin's role from investment asset to functional currency.
Key product features:
- Direct on-chain funding
- Instant currency conversion
- 0.1% foreign exchange fee for EU users
- Staking rewards for ETH and SOL holders
Institutional adoption continues to surge as Deutsche Bank deepens its digital asset commitment. Partnering with Taurus and Bitpanda, the banking giant plans to launch comprehensive crypto custody services by 2026, including tokenized payments and stablecoin solutions.
Meanwhile, UK-based The Smarter Web Company has bolstered its Bitcoin reserves to 773 BTC (valued at $82.6 million), following a $62 million capital raise with $52 million earmarked for additional BTC acquisitions. The firm aims to establish a decade-long Bitcoin reserve strategy, reflecting growing corporate confidence in BTC's long-term value.
Technical indicators suggest bullish potential, with Bitcoin currently trading at $106,351 after finding support at the $103,270 Fibonacci level. A break above $106,786 could propel prices toward $107,832 and $108,979 resistance levels.
As institutional demand converges with retail adoption, the market observes increasing structural support for Bitcoin beyond speculative cycles, reinforcing its evolving role in global finance.
The card, powered by Immersve's infrastructure and compliant with Mastercard standards, circumvents traditional banking barriers with a focus on Gen Z users in underserved markets. While currently excluding the US due to regulatory hurdles, expansion plans remain underway. This development marks a significant shift in Bitcoin's role from investment asset to functional currency.
Key product features:
- Direct on-chain funding
- Instant currency conversion
- 0.1% foreign exchange fee for EU users
- Staking rewards for ETH and SOL holders
Institutional adoption continues to surge as Deutsche Bank deepens its digital asset commitment. Partnering with Taurus and Bitpanda, the banking giant plans to launch comprehensive crypto custody services by 2026, including tokenized payments and stablecoin solutions.
Meanwhile, UK-based The Smarter Web Company has bolstered its Bitcoin reserves to 773 BTC (valued at $82.6 million), following a $62 million capital raise with $52 million earmarked for additional BTC acquisitions. The firm aims to establish a decade-long Bitcoin reserve strategy, reflecting growing corporate confidence in BTC's long-term value.
Technical indicators suggest bullish potential, with Bitcoin currently trading at $106,351 after finding support at the $103,270 Fibonacci level. A break above $106,786 could propel prices toward $107,832 and $108,979 resistance levels.
As institutional demand converges with retail adoption, the market observes increasing structural support for Bitcoin beyond speculative cycles, reinforcing its evolving role in global finance.
Related Tags
Bitcoin
cryptocurrency
institutional adoption
price analysis
digital payments