Morgan Stanley Wealth Management has expanded its crypto offering by enabling 
eligible clients to convert digital asset holdings into spot crypto exchange- 
traded products through a new referral arrangement with Galaxy Digital. 
According to a Friday announcement, high-net-worth Morgan Stanley clients…

Morgan Stanley Wealth Management has expanded its crypto offering by enabling eligible clients to convert digital asset holdings into spot crypto exchange- traded products through a new referral arrangement with Galaxy Digital. According to a Friday announcement, high-net-worth Morgan Stanley clients…

Morgan Stanley taps Galaxy to offer crypto-backed access to Bitcoin ETF products

Bitcoin (BTC) extended its decline on Friday, sliding to levels not seen since 
early February, leaving the broader market under renewed pressure and 
deepening bearish sentiment. Since reaching its all-time high of $126,000 last 
October, Bitcoin is now down roughly 52%, reinforcing the sense that the sell- 
off is more than a short-term dip. Bitcoin Treasury Stocks Fall From $134B To 
$72B While traditional market weakness has been part of the story, whale 
activity has also played a major role in the most recent drop. One of the 
clearest signals that unnerved traders came from Strategy (MSTR). Related 
Reading: XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data 
Turns Bearish As previously reported by NewsBTC, Strategy sold Bitcoin for the 
first time in nearly four years. The company offloaded 32 BTC for 
approximately $2.5 million—an amount that may look small compared with overall 
market volumes. However, the real impact has been psychological. Watching the 
largest Bitcoin public holder and the face of the “never sell” narrative break 
that behavior sent a shockwave through crypto sentiment. The broader market’s 
reaction has been visible in equity-linked crypto holdings as well. Artemis 
data cited by Bloomberg shows that the combined market value of fully diluted 
Bitcoin treasury company stocks has fallen to about $72 billion, compared with 
nearly $134 billion at the most recent peak in early October. That means 
roughly $62 billion has been erased during the downturn. Support Could Form 
Between $54,000 And $50,000 Hayden Hughes, managing partner at Tokenize 
Capital, said the current environment forces difficult choices for these 
digital-asset treasuries. In his view, once prices unwind, companies face a 
stark decision: either default on their debt obligations or sell assets. 
Hughes added that this kind of forced selling damages the market’s earlier 
assumption that Bitcoin treasury holders would behave like permanent “buy and 
hold” participants. When that expectation breaks, sentiment can deteriorate 
quickly, making rebounds less likely under these conditions. Related Reading: 
Coinbase Reveals First Mortgage With Bitcoin Collateral Under Fannie Mae 
Coverage Market analyst Ali Martinez recently posted on X (formerly Twitter) 
that Bitcoin is approaching a market bottom. Martinez identified the MVRV 
Pricing Bands as a useful framework for determining where support could 
emerge. He stated that the next significant support level is between $54,000 
and $50,000, which could serve as a floor for the cryptocurrency. However, 
this would require an additional 17% retracement from current trading levels 
of $60,444. Featured image created with OpenArt; chart from TradingView.com

Bitcoin (BTC) extended its decline on Friday, sliding to levels not seen since early February, leaving the broader market under renewed pressure and deepening bearish sentiment. Since reaching its all-time high of $126,000 last October, Bitcoin is now down roughly 52%, reinforcing the sense that the sell- off is more than a short-term dip. Bitcoin &#8230;

Bitcoin Crashes Near $60,000: $62B In Treasuries Erased, Analyst Sees Potential Bottom Ahead

Bitcoin traders have identified Michael Saylor as a new suspect in the latest 
sell-off, while the numbers tell a different story. Strategy disclosed in a 
June 1 Form 8-K that it sold just 32 BTC between May 26 and May 31 for $2.5 
million, at an average net price of $77,135, with proceeds earmarked to […]
The post Bitcoin traders blamed Saylor’s 32 BTC sale but larger selling 
pressure built elsewhere appeared first on CryptoSlate.

Bitcoin traders have identified Michael Saylor as a new suspect in the latest sell-off, while the numbers tell a different story. Strategy disclosed in a June 1 Form 8-K that it sold just 32 BTC between May 26 and May 31 for $2.5 million, at an average net price of $77,135, with proceeds earmarked to &#8230;

Bitcoin traders blamed Saylor’s 32 BTC sale but larger selling pressure built elsewhere

Morgan Stanley&#8217;s move could accelerate crypto&#8217;s integration into traditional 
finance, enhancing portfolio diversification for wealthy clients.
The post Morgan Stanley wealth clients can now lend Bitcoin for ETP shares 
appeared first on Crypto Briefing.

Morgan Stanley&#8217;s move could accelerate crypto&#8217;s integration into traditional finance, enhancing portfolio diversification for wealthy clients. The post Morgan Stanley wealth clients can now lend Bitcoin for ETP shares appeared first on Crypto Briefing.

Morgan Stanley wealth clients can now lend Bitcoin for ETP shares

The May payrolls beat was hawkish enough to pressure crypto, while government 
hiring and cooler yearly wage growth keep the second interpretation from being 
one-way.
The post Bitcoin price craters to $60,000 as BTC bulls get jobs report they 
were hoping to avoid appeared first on CryptoSlate.

The May payrolls beat was hawkish enough to pressure crypto, while government hiring and cooler yearly wage growth keep the second interpretation from being one-way. The post Bitcoin price craters to $60,000 as BTC bulls get jobs report they were hoping to avoid appeared first on CryptoSlate.

Bitcoin price craters to $60,000 as BTC bulls get jobs report they were hoping to avoid

SpaceX&#8217;s IPO could reshape global markets, influencing tech investments and 
potentially elevating Musk&#8217;s ventures to unprecedented heights.
The post SpaceX targets $75B IPO that could make it the most valuable public 
company on Earth appeared first on Crypto Briefing.

SpaceX&#8217;s IPO could reshape global markets, influencing tech investments and potentially elevating Musk&#8217;s ventures to unprecedented heights. The post SpaceX targets $75B IPO that could make it the most valuable public company on Earth appeared first on Crypto Briefing.

Morgan Stanley taps Galaxy to offer crypto-backed access to Bitcoin ETF products

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