Bitcoin is trading near $92,040, down 1.86% over the past 24 hours, with daily trading volume at $56.2 billion. The world’s largest cryptocurrency still commands a market capitalization of $1.84 tn, supported by a circulating supply of 19.97 million BTC out of a capped 21 million.
Price action has cooled after a sharp rebound from November lows, but bitcoin remains firmly within the institutional spotlight. That focus intensified this week after Morgan Stanley filed with U.S. regulators to launch a spot Bitcoin ETF, a move that would mark the first direct Bitcoin fund sponsored by a major U.S. bank.
Morgan Stanley’s ETF Filing Signals Shift
The filing, submitted to the U.S. Securities and Exchange Commission, outlines the proposed Morgan Stanley Bitcoin Trust, designed to track bitcoin’s spot price, net of fees. Unlike futures-based products, the fund would hold bitcoin directly, aligning it with spot ETFs approved in early 2024.
Spot bitcoin ETFs now manage more than $120 bn in assets, accounting for a meaningful share of bitcoin’s total market value. Until recently, banks limited exposure to custody and brokerage services. That stance has shifted as regulators clarified how banks can engage with digital assets.
For Morgan Stanley, issuing a proprietary ETF allows tighter integration into client portfolios and captures management fees that previously flowed to firms like BlackRock and Fidelity.
Why Institutions Still Favor Bitcoin
Institutional demand remains heavily concentrated in bitcoin-linked products. While Morgan Stanley also filed paperwork for a Solana-based fund, most inflows across U.S. crypto ETFs continue to favor bitcoin due to its liquidity, regulatory clarity, and derivatives depth.
Key drivers supporting institutional interest include:
- Spot ETFs holding bitcoin directly rather than futures
- Regulatory guidance reducing compliance uncertainty
- Bitcoin’s dominance in crypto ETF inflows
- Growing adoption across wealth-management platforms
Bitcoin (BTC/USD) Technical Outlook Remains Tense
On the 4-hour chart, Bitcoin price prediction seems neutral as BTC is consolidating near $92,000 inside a descending channel drawn from the $107,700 peak. Price continues to respect the 38.2% Fibonacci retracement at $90,900, while repeated rejection near $94,100 has formed a visible triple-top resistance zone.
Candlestick behavior supports this view. Recent sessions show long upper wicks, spinning tops, and small-bodied candles, suggesting hesitation and fading momentum near resistance. No convincing bullish engulfing or three white soldiers pattern has appeared to confirm a breakout.
Structurally, Bitcoin is still printing higher lows from the November bottom, which keeps the medium-term recovery intact. However, without a clean close above $94,200, the move remains corrective within a broader downward slope. A breakdown below $90,900 would expose $86,970, followed by the $80,500–$82,000 demand zone.
Trade setup: Sell near $94,000 resistance, target $87,000, stop above $100,800.
Maxi Doge: A Meme Coin Built Around Community and Competition
Maxi Doge is gaining traction as one of the more active meme coin presales this year, combining bold branding with community-driven incentives. The project has already raised more than $4.4 million, placing it among the stronger early performers in the meme token category.
Unlike typical dog-themed tokens that rely purely on social buzz, Maxi Doge leans into engagement. The project runs regular ROI competitions, community challenges, and events designed to keep participation high throughout the presale phase. Its leverage-inspired mascot and fitness-themed branding have helped it stand out in a crowded meme market.
The $MAXI token also includes a staking mechanism that allows holders to earn daily smart-contract rewards. Stakers gain access to exclusive competitions and partner events, adding a passive earning component while encouraging long-term participation rather than short-term speculation.
Currently priced at $0.000277, $MAXI is approaching its next scheduled presale increase. With momentum building and community activity remaining strong, Maxi Doge is positioning itself as a meme coin focused on sustained engagement rather than one-off hype.
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The post Bitcoin Price Prediction: Banking Giant Morgan Stanley Files for Spot Bitcoin ETF – Is Wall Street About to Go All In? appeared first on Cryptonews.
