Bitcoin briefly jumps on tech stock rally and a recent survey reveals people aren’t so sure about stablecoins. You’re watching Coin Desk daily. I’m your host, Jen Sani Bitcoin surged above $58,000 during Asian trading hours following a rally in US tech stocks and positive moves in Asian stocks. Despite the Bitcoin price increase, the US-bought Bitcoin ETF fell back into outflows with ARC invests ARC B leading $54 million. On the other hand, AI tokens posted modest gains amid reports that Open AI plans to raise $6.5 billion at a valuation of $150 billion. One token that notably beat the market was Sweet, up nearly 16% following Grays Scale’s recent announcement about opening the Gray Scale SW Trust. According to a survey conducted by Deutsche Bank, consumers in the United States are increasingly interested in cryptocurrencies, with less than 1% calling them a fad and in dramatic decline compared to previous years. The bank surveyed more than 3,600 consumers in the United States, the United Kingdom and Europe in March and July. And more than half of the respondents consider cryptocurrencies to be an important asset class and means of payment. And 65% said they could see them replacing cash. A third of consumers said they thought the price of Bitcoin would be below $60,000 by the end of the year. And only 12 to 14% thought it would exceed $70,000. Sentiment around stablecoins is also not as positive. Only 18% of respondents said they expected stablecoins to thrive, while 42% expected them to fade away. And the Bank of Russia wants the country’s largest banks to support a digital ruble for retail and commercial use by July. Next year, the central bank said, banks will have to allow their customers to open and top up digital ruble accounts, make transfers, and accept digital rubles into their infrastructure. Banks around the world have been exploring the use of CBD CSs, with countries like the Bahamas and Nigeria already introducing their own central bank digital currencies. Russia tested its CBD C with 12 banks earlier this month, with trials growing from 600 to 9,000 people. That’s all for Coin Desk Daily. Get more updates on coindesk.com and stay tuned.
