Schwab Enters Crypto Market with Spot Trading for Bitcoin and Ethereum

Charles Schwab's recent introduction of spot trading for Bitcoin (BTC) and Ethereum (ETH) marks a significant shift towards the crypto market. The brokerage giant has been observing the growing interest from institutional investors, which prompted this move.

The integration of BTC and ETH into its platform aligns with the broader expansion of the crypto market. This development is likely to influence price prediction models as traditional finance begins to bridge to digital assets.

Technical analysis suggests potential exhaustion in the current bearish leg, with the BTC price action hugging the lower volatility band support around $79,296. The MACD death cross at -240 reinforces downside pressure, but a neutral RSI reading of 38 hints at oversold conditions that could spark a rebound.