Bitcoin (BTC) has seen significant upward momentum, breaking past $125,000 to reach new all-time highs, driven by strong institutional interest and record ETF inflows. Morgan Stanley, managing $2 trillion, released a special report recommending crypto allocations of 2% to 4% in investment portfolios, further boosting market sentiment. Meanwhile, Ripple's (XRP) application for a banking license entered public review, and Solana (SOL) experienced a price spike, while Tether (USDT) led a $300 billion stablecoin surge.
Key Developments
- Bitcoin (BTC) surpassed $125,000, reaching new all-time highs amid analyst predictions of $150,000.
- Morgan Stanley advised clients to allocate 2% to 4% of portfolios to crypto, highlighting growing institutional adoption.
- US Spot Bitcoin ETFs recorded their second-highest weekly inflows to date, indicating strong investor demand.
- Ripple's (XRP) banking license application entered public review, with SBI Ripple Asia expanding XRP Ledger use for payments.
- Reports emerged of a Kremlin-backed cryptocurrency system moving large amounts of money, raising geopolitical concerns.
Next 6 Hour Outlook
The market is likely to maintain its positive sentiment, with Bitcoin potentially consolidating its gains or pushing higher, while altcoins may see continued rotation and specific project-driven movements.
Top Tickers
BTC
XRP
SOL
ETH
LTC
BNB
AVAX
USDT
UNI