The post Is Bitcoin Ready for $120K? Mastercard, Deutsche Bank, and UK Demand Say Yes appeared on BitcoinEthereumNews.com.

Bitget has disclosed its plans to meet the rising demand for Bitcoin with the introduction of a crypto-backed payment card.  Bitget CEO earlier disclosed in an interview with CNF that Bitcoin could finish the year at $126k-$190k.  Bitcoin (BTC) appears poised to surpass its all-time high of $111k after recording a 1.2% gain on its 24-hour price chart, a 0.7% gain on the seven-day chart, and a 3% gain on its 30-day price chart. Based on current CoinMarketCap data, Bitcoin is strongly holding above the $107k level as demand escalates to a new high. Fascinatingly, this is supported by the 12% surge in trading volume, sending the actual amount to $48 billion. Bitget Unveils Crypto-Backed Payment Card Following the rising demand for Bitcoin, Bitget has announced the launch of a crypto-backed payment card in collaboration with Mastercard and infrastructure provider Immersve. According to the report, this card would be available in the Bitget Wallet app and would facilitate transfers with more than 150 million merchants globally. Unlike the traditional cards, the Bitget card would have no transaction fees. Above all, it would ensure that real-time funding is enabled via on-chain swaps and deposits. However, purchases would be settled on-chain through the crypto-to-fiat conversion. The initial target of this initiative is its customers in the UK and the European Union. Later, it would be rolled out to users in Latin America, Australia, and New Zealand. Commenting on this, the CEO of Immersve, Jerome Faury, disclosed that his firm largely contributed to this by providing the backend infrastructure needed to connect the self-custodial wallet with the payment rail of MasterCard. Immersve enables real-time, blockchain-native spend from the user’s wallet while ensuring the fiat leg of the transaction is handled securely and in accordance with both Mastercard and regulatory requirements. For Bitget Wallet CMO Jamie Elkaleh, this Card is…

---

Filed under: News - @ July 3, 2025 3:23 am