
Morning Minute: Morgan Stanley Is Coming for Coinbase
Morgan Stanley has launched crypto trading on ETrade, lowering fees as major cryptocurrencies drop.

Bitcoin and ether have retreated from their recent highs, with bitcoin down 0.7% and ether down 1%. Meanwhile, altcoins like ALGO and TON are experiencing gains of 8% to 9%.
The crypto market dropped back on Thursday with bitcoin BTC$80,953.28 losing around 0.7% since midnight UTC following Wednesday's rally to a three-month high of $82,800.
Ether lost around 1% during Asia and European hours, now trading at $2,325 having briefly topped $2,420 on Wednesday.
The broader market is showing early signs of a bullish reversal following a two-month consolidation pattern between February and April, although it's worth noting that bitcoin needs to break $98,000 in order to break its current cycle of lower highs and lower lows.
The altcoin market continues to indicate investor rotation, with the likes of ALGO and TON rising by between 8% and 9% since midnight UTC.
U.S. equity futures are flat on Thursday while the dollar index (DXY) is down by around 0.1% as investors remain hopeful over a deal to end the war in Iran.
Bitcoin and ether prices dropped following a rally that saw bitcoin reach a three-month high, but they have since retreated as part of market fluctuations.
Bitcoin is currently trading at approximately $80,953.28, while ether is at around $2,325.
Altcoins such as ALGO and TON have risen by between 8% and 9% since midnight UTC.
Bitcoin needs to break the $98,000 mark to end its current cycle of lower highs and lower lows.

Morgan Stanley has launched crypto trading on ETrade, lowering fees as major cryptocurrencies drop.

Bitcoin falls below $81,000 after narrowly missing a key breakout level. Historical trends suggest caution.

Experts say a purge of junk coins is crucial for Bitcoin's sustainable bull cycle.

Tyler Winklevoss backs $9,700 Zcash price model, comparing it to Gold and Bitcoin.

DeFi platform TrustedVolumes suffers $6.7 million exploit due to security flaws.

Crypto analyst predicts XRP could surge 1,008%, reaching over $10.
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