Citi Enters Crypto Market with Bitcoin Custody Services

Citi has announced its plans to roll out Bitcoin custody services, marking another significant step towards mainstream adoption of cryptocurrencies by traditional financial institutions.

This move is part of a broader trend where banks are expanding their digital asset infrastructure. Price action for BTC currently shows it trading at $64,786.15 within Bollinger Bands, with an upper resistance level at $65,002.84. The Relative Strength Index (RSI) is at 70.09, indicating overbought conditions.

A MACD golden cross at 327.07 reinforces the bullish trend, but a healthy retracement towards the EMA50 support level of $63,793.06 appears probable before continuation higher. Traders are now weighing this confluence against broader custody inflows.