"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as bitcoin surpassed $58,000 during Asian trading hours on the back of a U.S. tech stock rally. This comes as the SUI token beat the market with its nearly 20% jump. Plus, a Deutsche Bank survey finds that U.S. consumers are warming up to crypto, and the Bank of Russia wants the country's largest banks to support a digital ruble by July 2025.
According to a survey conducted by Deutsche Bank, US, consumers are warming up to crypto with less than 1% calling it a fad a dramatic decline from previous years. The bank surveyed over 3600 consumers in the US UK and Europe in March and July. And over half of the participants viewed crypto as an important asset class and method of payment. And 65% said they could see it replacing cash. A third of consumers said they thought the Bitcoin price would be below $60,000 by year end.