June 22 (Cointime) - Bitcoin Cash experienced a surge in price on June 20th, breaking a key resistance level. The market structure for Bitcoin Cash remained bullish and news of Deutsche Bank applying for a regulatory license to provide crypto custody services may have impacted the market. The majority of the market was positioned short with a high negative funding rate, indicating bearish speculators.
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Bitcoin Cash Surges Past $140, Deutsche Bank's Crypto Custody License Application May Have Impacted the Market
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