Popular
Morgan Stanley to Offer Clients Spot Bitcoin ETFs IBIT and FBTC
Morgan Stanley has thrown its hat into the crypto ETF ring, with the financial institution offering access to two spot Bitcoin funds. Financial advisors operating under Morgan Stanley’s banner can sell BlackRock’s IBIT or Fidelity’s FBTC to wealthy clients. Only those with net worths of over US $1.5m can add the spot ETFs to their portfolios via Morgan Stanley. Despite fears of a recession creeping into the US economy, institutional involvement in the crypto scene is going from strength to strength. A widespread market crash – which saw BTC fall below US $54k (AU $83k) – wasn’t enough to dissuade...
Bitcoin Developer Samson Mow Says BTC Will Rise To $1 Million, Here’s When
Bitcoin developer Samson Mow has for a while now continued to assert that BTC is going to reach $1 million. He has again reaffirmed his bullish stance and mentioned when exactly the flagship crypto will hit this unprecedented price target. When Bitcoin Will Rise To $1 Million Mow mentioned that he is still certain that Bitcoin will reach $1 million and added that the flagship crypto will reach this price target within a year. Mow had previously explained why he believes that BTC can reach such an ambitious price target. Back then, he alluded to the fact that Bitcoin’s demand...
Ethereum Accumulation Intensifies Amid Market Optimism
Ethereum is witnessing a surge in accumulation as on-chain data highlights a steady increase in holdings, indicating rising confidence in $ETH’s future potential. Historically, Ethereum has often benefited from profit rotations following Bitcoin’s major price moves, and the current market setup seems primed for a similar scenario. On-Chain Insights Ethereum’s on-chain metrics reveal mixed signals, but several trends are worth noting: – New Address Growth: The creation of new Ethereum addresses remains below levels seen during previous bull markets, likely influenced by the adoption of Layer 2 solutions like Base. While Layer 2s are growing in popularity, it’s important to...
