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Gerald Podobnik, co-head of Deutsche Bank’s corporate bank, said in a statement on Wednesday that “digital assets are not a replacement for the traditional financial system but an important complement to it,” as Germany’s largest bank confirmed it will begin holding bitcoin and ether for institutional clients in Europe before the end of the year.…

Bitcoin’s price oscillated between $75,000 and $76,000 following a market slide triggered by the failed passage of the CLARITY Act in Congress. Investors are awaiting an upcoming Federal Reserve rate decision, where prediction markets expect a 25-basis-point hike.