Morgan Stanley is poised to shake up the spot bitcoin ETF market with a sharply lower fee structure, as new filing details show its upcoming Morgan Stanley Bitcoin Trust (MSBT) will charge just 0.14% annually — undercutting every existing U.S. competitor.
The fee, disclosed in updated trust documents shared by Bloomberg analyst Eric Balchunas, comes in 11 basis points below BlackRock’s flagship iShares Bitcoin Trust (IBIT), which currently charges around 0.25%.
The aggressive pricing positions MSBT as the cheapest spot bitcoin ETF on the market at launch, signaling a deliberate push to capture both internal advisory flows and external investor capital.
The move carries particular weight within Morgan Stanley’s own ecosystem. With roughly $8 trillion in wealth management assets and a network of thousands of financial advisors, fee sensitivity has been one of the barriers to broader ETF adoption across advisory channels.
A lower-cost in-house product could remove that friction, allowing advisors to allocate to bitcoin without facing conflicts tied to recommending higher-fee third-party funds.
Industry observers say that dynamic could materially shift flows.
Phong Le, CEO of Strategy, recently described the product as a potential “Monster Bitcoin” catalyst, estimating that even a modest 2% allocation across Morgan Stanley’s platform could translate into roughly $160 billion in demand.
That figure would far exceed the size of any existing spot bitcoin ETF and underscores the importance of distribution, not just product design.
Morgan Stanley’s bitcoin ETF is coming
The fee disclosure arrives as MSBT moves closer to launch. The fund has already received a listing notice from the New York Stock Exchange, a step widely viewed as signaling that trading could begin imminently pending final regulatory clearance. If approved, the product would become the first spot bitcoin ETF issued directly by a major U.S. bank rather than an asset manager.
Structurally, MSBT mirrors existing spot bitcoin ETFs. The trust will hold bitcoin directly, with Coinbase serving as custodian and prime broker, while BNY Mellon will handle administration, transfer agency, and cash custody.
Since their debut in 2024, U.S.-listed spot bitcoin ETFs have easily attracted more than $50 billion in inflows, driven largely by retail and self-directed investors. Adoption within wealth management platforms has been slower, often constrained by internal policies, fee considerations, and portfolio construction guidelines.
At the time of writing, Bitcoin is trading near $66,000.
California Governor Gavin Newsom signed an executive order on Friday, expanding rules to curb public servants and those close to them from benefiting from insider trading on prediction markets tied to political or economic events they can influence or are privy to.
The order prohibits “gubernatorial appointees,” public officials appointed to office by the governor of the state, from using “confidential or non-public information” gleaned from performing their duties to profit from related prediction markets.
Newsom’s executive order also extends the prohibition to include spouses, family members or former business partners of the appointed officials from using non-public information to profit. “Public service should not be a get-rich-quick scheme,” Newsom said. He added:
“At a time when Trump’s Washington is riddled with ethical failures and insider profiteering, California is drawing a bright line: If you serve the public as a political appointee, you serve the public — period. We’re not going to tolerate this kind of corruption in California.”
Governor Newsom’s executive order on government insiders using non-public information to profit from prediction markets. Source: California Governor
An announcement from Newsom’s office listed several instances of political insiders using non-public information to profit from prediction markets, including six suspected political insiders who profited from US strikes on Iran.
Newsom’s office also cited another case of suspected insider trading, which occurred in January, after one Polymarket trader netted $410,000 betting that the US would arrest former Venezuelan leader Nicolás Maduro hours before his capture.
Prediction markets have come under scrutiny from US lawmakers, who argue that political insiders are using the platforms to unfairly benefit from their positions and are potentially threatening national security by wagering on sensitive events like war and elections.
Related: Detroit set to enter Michigan‘s battle against Coinbase prediction markets
US lawmakers accelerate prediction market crackdown after insider allegations surface
Texas Congressman Greg Casar and Connecticut Senator Chris Murphy introduced the “Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act” in March 2026 in response to the prediction market insider trading allegations.
The bill seeks to prohibit government insiders from using prediction platforms to profit from markets tied to war or death.
Congressman Greg Casar announces the “Bets Off Act.” Source: Congressman Greg Casar
US Representative Adrian Smith and Representative Nikki Budzinski also introduced similar legislation in March, titled the “Preventing Real-time Exploitation and Deceptive Insider Congressional Trading (PREDICT) Act.”
The legislative proposal prohibits the US President, lawmakers and other high-ranking government officials from betting on prediction markets.
Magazine: Train AI agents to make better predictions… for token rewards
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Congressional sources told Eleanor Terrett of Crypto In America on Friday that the Senate Banking Committee is poised to release its long‑awaited draft of the crypto market structure bill (CLARITY Act) as soon as next week.
The disclosure comes amid growing industry pushback from the industry, including fresh opposition from crypto exchange Coinbase over recent changes to the bill’s key provisions.
Crypto Bill’s Stablecoin Yield Prohibition
Earlier this week Terrett reported that the newest draft would broadly prohibit platforms from offering yield “directly or indirectly” on stablecoins or on assets that function like bank deposits.
Lawmakers would still permit activity‑based incentives such as loyalty or promotional rewards, but regulators would be charged with defining what incentives are allowed and with crafting anti‑evasion rules within a year.
That policy shift has already generated sharp criticism from crypto firms and advocates, who say the language favors incumbent banks and risks undermining popular rewards programs that drive consumer engagement.
The market reaction extended to crypto stocks, with shares of Circle (CRCL), the issuer of the USDC stablecoin, dropped about 20% toward the $100 mark during Tuesday’s trading session following reports of the draft’s potential restrictions.
The situation intensified midweek when Coinbase informed Senate offices that it could not support the recently inserted language.
Coinbase Signals Major Disagreement
Sources told Terrett that Coinbase’s Global Head of Investment Research, David Duong, said industry participants are working on a coordinated counterproposal designed to demonstrate why targeted alterations are necessary to protect customers and preserve sustainable rewards programs.
The prospect of next week’s release raises several open questions: whether the Banking Committee will set a date for a formal markup of the CLARITY Act portion; how much of the draft may yet change before the committee takes a vote; and how Coinbase and other industry stakeholders will formalize and present their counterproposal.
For now, lawmakers appear to be balancing competing priorities — tightening rules around yield while leaving room for certain customer incentives — even as firms warn that overly broad restrictions could stifle innovation and consumer choice.
The daily chart shows the total crypto market cap drop to $2.26 trillion. Source: TOTAL on TradingView.com
Featured image from OpenArt, chart from TradingView.com
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Major crypto-related stocks fell sharply Friday, with some hitting their lowest prices in at least a month as markets reacted to continued uncertainty around the Iran war, and Bitcoin fell to its lowest price since March 2.
Bitcoin was recently trading at $65,804, down more than 4% on the day. It fell as low as $65,720 earlier Friday, which is the lowest price registered since March 2, the first business day after the United States and Israel began bombing Iran, as markets reacted to the surprise weekend assault.
Other major cryptocurrencies are similarly feeling the pain, with Ethereum down about 4% to $1,980, Solana falling 5% to under $83, and BNB dipping 3% to $608. Over $500 million worth of crypto positions have been liquidated in the last 24 hours, per data from CoinGlass, with nearly 90% of the carnage coming from long positions.
Strategy, the largest corporate holder of Bitcoin with approximately $50 billion in holdings, saw its stock (MSTR) fall more than 5% on the day as of this writing, recently trading below $126. It fell below $124 earlier Friday, marking its lowest price in more than a month.
The top Ethereum treasury firm, BitMine Immersion Technologies (BMNR), similarly hit a monthly low of $18.42 earlier Friday, and was recently trading just above that level at a more than 4% daily dip. (Disclosure: BitMine Chairman Tom Lee is an investor in Decrypt‘s parent company, Dastan.)
Crypto and stocks trading platform Robinhood (HOOD) also fell to a monthly low earlier Friday, trading just above $66. HOOD is now down more than 11% over the last month, with its six-month plunge now topping 50% as of this writing.
Stock market indices are broadly down again Friday, with the Nasdaq falling 1.5% as of this writing, with the S&P 500 and Dow both down just over 1% each. U.S. President Trump said Thursday after markets close that he would pause a planned assault on Iranian energy sites, but Israel then said it would “escalate” attacks on Iran following missile strikes against it.
Bitcoin traders have flipped increasingly bearish on the coin in the last couple days, with users on Myriad—a prediction market platform operated by Decrypt‘s parent company, Dastan—currently penciling in a 64% chance that Bitcoin’s next stop is $55,000 rather than $84,000. That sentiment was flipped as recently as early Thursday morning.
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Fraud prevention specialist Riskified has warned that Meta’s acquisition of Moltbook marks a definitive transition from experimental autonomous buying to a mandatory infrastructure shift for global merchants. By integrating the agent-to-agent directory into Meta Superintelligence Labs, the social media giant is effectively centralising the framework for programmatic spending.
The move introduces a fundamental change in how financial institutions (FIs) and retailers verify identity. As autonomous agents begin to drive transaction volumes, the traditional “human signal”—the behavioral data points such as typing cadence or mouse movements used to verify intent—disappears from the checkout flow.
Coby Montoya, Director of Market Intelligence at Riskified, explained that this shift necessitates a move toward “agentic telemetry.” This new architecture focuses on the technical footprints and authorization protocols of the AI itself rather than human behavior.
“The fundamental architecture of trust must evolve from validating a human’s identity to verifying an agent’s authority and intent,” Montoya commented. “Merchants need to implement structural safeguards, such as cryptographic handshakes and real-time validation of spending limits, to ensure an agent’s actions remain aligned with the owner’s original parameters.”
The acquisition also raises concerns regarding systemic risk. A centralised agent directory could facilitate high-velocity, automated fraud across the retail ecosystem. If a single point of failure is exploited within a “walled garden” like Meta’s, the scale of autonomous attacks could outpace legacy risk models that rely on friction-based authentication.
Montoya added that the industry faces a significant infrastructure gap in handling these real-time validations. “We are seeing the rise of new threat vectors, including reverse prompt injection, where malicious actors attempt to subvert an agent’s logic during a transaction. Merchants must maintain independent oversight of their risk surface rather than relying solely on the platform’s internal security.”
As agent-to-agent transactions become inevitable, the industry is also facing a looming debate over regulatory frameworks. Current protocols may struggle to assign liability when a transaction is initiated by an autonomous entity rather than a human. For now, the focus for FIs remains on bridging the trust gap by developing robust identity layers that can authenticate programmatic buyers at scale.
Bearish sentiment is rising as Bitcoin options professional traders lose confidence that the $66,000 level will hold for long.
The exit of David Sacks as the Crypto and AI czar and a lack of a clear US Strategic Bitcoin Reserve plan added to investors’ doubts.
Bitcoin (BTC) fell to $65,530 on Friday, an 8% decline from the $71,300 level seen on Thursday. This move wiped out over $210 million in leveraged bullish Bitcoin futures and left most call (buy) options worthless during the $18.6 billion monthly expiry. Traders now anticipate a 53% chance that Bitcoin will stay below $66,000 by April 24.
April 24 Bitcoin option prices at Deribit. Source: Deribit
On Friday, the April 24 Bitcoin $66,000 put (sell) options traded at 0.0566 BTC or roughly $3,730. With a 53% implied probability of Bitcoin trading below $66,000 by late April, the mood remains decidedly bearish following the increased uncertainty in the US and Israel-Iran war, pushing traders into a risk-averse mode.
US inflation threats and stalling crypto, Bitcoin legislation
Rising oil prices and a potential $200 billion in extra US military spending led investors to demand higher returns on government bonds and dragged the S&P 500 to its lowest levels since September 2025. West Texas Intermediate (WTI) oil surged to $100 on Friday, while 5-year Treasury yields reached 4.07%, up from 3.72% three weeks prior.
US 5-year Treasury yield (left) vs. S&P 500 (right). Source: TradingView
Inflationary fear and weaker corporate earnings perspectives alone cannot explain Bitcoin’s 20% underperformance against the S&P 500 in 2026. Other factors are likely at play, including investors’ discomfort over the lack of progress on the US Bitcoin Strategic Reserve.
David Sacks has stepped down from his role as the Trump administration’s crypto and AI czar. While Sacks remains an advisor on the President’s Council on Science & Technology, his departure follows earlier comments that inflated Bitcoin investors’ expectations. Sacks had previously hinted that the US could acquire more Bitcoin through budget-neutral methods without raising taxes.
Related: US lawmakers publish crypto tax proposal without Bitcoin tax exemption
Bitcoin 30-day options delta skew (put-call) at Deribit. Source: Laevitas
The Bitcoin options delta skew jumped to 15% on Friday, showing that put options are trading at a significant premium relative to call instruments. In balanced market conditions, this metric usually ranges between -6% and +6%. The current level indicates a lack of conviction among whales that the $66,000 level will hold. Fear has largely dominated the Bitcoin options market since mid-January.
Friday’s monthly options expiry at $68,610 proved unfavorable for neutral-to-bullish strategies, as 97% of call options became void. Bears gained the upper hand as put options at $69,000 or higher surpassed $2 billion in open interest. Critically, part of Friday’s downward move reflects a growing unwillingness among traders to maintain Bitcoin exposure over the weekend.
Crypto markets cut risk on Friday due to uncertainty. Source: X/WhalePanda
X social platform user WhalePanda, suggested that the crash in risk markets anticipates President Trump making “another dumb escalating move” after US markets close. Consequently, the current fear seen in the options market could reverse if no major geopolitical events occur before Monday.
During bearish cycles, traders often rush for the exits at the mere sight of any event that could be deemed negative. Investors should not take Bitcoin’s implied odds at face value, as these metrics are heavily impacted by recent news and headlines. However, expectations could shift more favorably if Iran effectively releases a counter-offer to the US peace proposal.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Institutional investors are piling into the asset.
But will it be enough to get the price up to $80,000?
A version of this article appeared in our The Roundup newsletter on March 27. Sign up here.
Hi. Eric here.
Bitcoin has had a raw few months.
After achieving a $126,000 record high in October, a $19 billion wave of liquidations triggered a massive sell-off that saw the cryptocurrency lose roughly half of its total value.
And since February 28 when the US and Israel attacked Iran, the price of Bitcoin has trembled around $70,000.
But despite the downturn and the tsunami of gallows humour flooding social media feeds, investment firms are surprisingly positive about the market conditions.
“We are reluctant to call it a ‘crypto winter’ given how busy we are with prospective investors,” Zach Pandl, head of research at Grayscale, told me. “The current feeling at Grayscale could not be more different than the tone on Crypto Twitter — probably because we can see the institutional capital coming.”
Pandl represents one of the investment firms I spoke to this week that say that institutional investors are revving up to inject money into crypto assets. Indeed, VanEck estimates that institutional investors will pile up to $13 trillion into Bitcoin by 2030.
That wave of investment comes as James Butterfill, head of research at CoinShares, told me that he expects that the price will creep towards $80,000 over the next month or so.
His argument is simple. Whales, which he defines as individuals or entities that own over 10,000 in Bitcoin, started to take profit in October. If previous cycles are anything to go by, sell-offs usually ebb after six months, which would be around April or May this time around.
Once that sell-off ends, the price will go up, Butterfill said.
That’s an optimistic outlook. Punters on Polymarket bet that Bitcoin’s price has a 69% chance of reaching $80,000 in 2026. Conversely, they put the chances of it dropping to $55,000 at 74%.
To be sure, there are plenty of factors threatening to drag down the price.
The conflict in the Middle East still weighs on markets, and has eroded the probability that the Federal Reserve will cut interest rates this side of July. Higher interest rates are usually bad for risk-on assets like cryptocurrencies.
Elsewhere, there’s the upcoming midterms in the US. Republicans seem to be in for an absolute beating, despite the crypto lobby heavily favouring their candidates. If Democrats retake the House, that will likely grind crypto legislation to a halt.
Unless banks, crypto companies, and politicians on Capitol Hill find a way to move forward with the Clarity Act before that, the landmark crypto markets bill is unlikely to get passed before 2028.
Polymarket bettors give the bill a 61% chance of getting passed this year, down from 82% in February.
Still, after almost a month of war, it’s good to see some glimmers of hope.
Bad actors are now using the large language models that power AI chatbots like ChatGPT and Claude to search thousands of lines of code a second. Their goal? Identify vulnerabilities that have slipped by developers and auditors. Check out Tim Craig’s report.
Sam Bankman-Fried, the disgraced co-founder of the defunct FTX crypto exchange, wants to get out of prison. However, he keeps getting in his own way, Aleks Gilbert reports.
After seeing his Ledger co-founder get kidnapped and tortured, Éric Larchevêque is on a mission to arm crypto workers and influencers in France.Tim Alper reports.
Post of the Week
The Clarity Act has been stuck in a legislative limbo for months. The core problem? Whether the law should allow passive yield on stablecoins. The banks say no, crypto says yes and so far no one is budging.
Iran escalation and $171 million in ETF outflows drive BTC below $66,000.
Bitcoin fell to its lowest level in more than two weeks on Friday, dropping below $66,000 as a $14 billion options expiry collided with escalating Middle East tensions and a broader risk-off rout across global markets.
BTC was trading near $65,900 at press time, down roughly 4.5% over the past 24 hours, according to CoinGecko. Ether slipped to $1,983, also off 4%, while Solana tumbled 5.5% to $83. The total crypto market cap fell 3.4% to $2.36 trillion.
BTC Chart
The Crypto Fear & Greed Index sits at 13, deep in “Extreme Fear” territory
Nearly $443 million in long positions were liquidated over the past 24 hours, compared with just $58 million in shorts, according to Coinglass, suggesting traders had been positioned for a rally that has not materialized as the U.S.-Iran conflict entered its 28th day.
Almost all of the Top 100 digital assets posted losses over the last 24 hours.
Ondo Finance bucked the bearish trend, rising more than 8% over 24 hours — though it gave back most of its gains by midday — after announcing a partnership with Franklin Templeton to tokenize five ETFs across growth, large-cap, fixed income, equity income, and gold strategies through Ondo Global Markets.
Worldcoin (WLD) and MORPHO are today’s biggest losers, plunging 10% and 8%, respectively.
Macro Pressure Mounts
The selloff extended across traditional markets. The Nasdaq 100 fell to 23,300, now 10% below its January high. Oil topped $96 per barrel as diplomatic efforts to de-escalate the Iran conflict stalled, fueling inflation fears and pushing back expectations for Federal Reserve rate cuts.
The CME FedWatch tool shows a 96% probability that the Fed will hold rates steady at its next meeting, with 4% of the market now pricing in a 25-basis-point hike, a scenario that was virtually unthinkable a month ago.
U.S. spot Bitcoin ETFs recorded a net outflow of $171 million in a single day, the largest in three weeks, per CoinGlass data. Institutional demand has cooled notably since the Fed’s hawkish March rate decision, with recent days showing mixed, low-conviction flows.
At MoneyLive 2026, we asked the attendees “What Sport or Team Would You Sponsor?” which revealed a fascinating blend of corporate strategy, personal passion, and aspirational brand alignment. The answers ranged from global high-performance giants to deeply personal boyhood football clubs, demonstrating the diverse motivations behind brand investment.
One attendee immediately pointed to Formula One, citing its unique mixture of “high-performance sport and business” as the perfect corporate fit which highlights a strategic view where a sponsorship investment must deliver both widespread excitement and quantifiable commercial value through a premium brand association.
For many others at MoneyLive, however, the choice was clearly driven by heart and lifelong loyalty. Football dominated the personal preferences, with attendees eagerly naming their beloved teams. One declared a desire to sponsor their “very expensive club,” Chelsea, noting that it would be “really really cool” if budget were no object, emphasizing aspiration over practicality. Another lifelong fan, a self-proclaimed “Cockney Reds,” expressed deep loyalty, wishing to support their boyhood team of Manchester United.
The importance of local connection was represented by a supporter of Brentford, who dreams of seeing their company logo on a Premier League shirt, showcasing community pride while another attendee, immersed in a “household of boys who are very much Chelsea fans,” offered a diplomatic nod to “the Blues”.
Beyond men’s football, a strong and clear sentiment for women’s sports emerged. One participant passionately championed the Lionesses (England women’s national football team) or the Red Roses (England women’s national rugby team), or “both”, underscoring the rapidly growing visibility and impactful role of female athletes in modern sports marketing.
Finally, for a touch of classic prestige and tradition, one participant chose Tennis, specifically naming Wimbledon as their ultimate sponsorship target, representing a choice focused on established, global prestige. The responses at MoneyLive collectively illustrate that while strategic business decisions are critical, successful sponsorship often boils down to shared values, brand resonance, and, fundamentally, passion for the game.
Bitcoin’s fall below the $66,000 support heightens the risk of a drop to the $62,500 level.
Select major altcoins have broken below their immediate support levels, opening the gates for further downside.
Bitcoin (BTC) is under pressure from the bears, who are attempting to sustain the price below the $66,000 level. The uncertainty regarding the US and Israel-Iran war is capping the upside and putting downside pressure. US spot Bitcoin exchange-traded funds recorded $171 million in outflows on Thursday, the biggest since the $348 million in redemptions on March 3, according to Farside Investors data.
Although BTC is facing selling on rallies, the bulls have successfully defended the $60,000 level since Feb. 6. Glassnode said in its latest Week On-chain newsletter that the sharp contraction in BTC’s entity-adjusted realized profit from $3 billion per day in July 2025 to $0.1 billion currently suggests that the bear market is transitioning into its later stages.
Crypto market data daily view. Source: TradingView
A positive sign in favor of the bulls is that BTC whales and sharks have continued to accumulate. Santiment said in a post on X that large BTC holders owning between 10 and $10,000 BTC have boosted their holdings by 0.45% in the past month. Historically, an upside breakout happens when large wallets are accumulating, and retail is selling.
Could BTC and select major altcoins hold on to their crucial support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
Buyers could not maintain BTC above the $72,000 level on Wednesday. That may have attracted sellers who pulled the price below the support line of the ascending triangle pattern on Friday.
If the BTC price closes below the support line, the bullish pattern will be invalidated. That may intensify selling, pulling the BTC/USDT pair to the $62,500 to $60,000 support zone.
Instead, if the price turns up sharply from the current level and breaks above the $72,000 level, it suggests that the bulls are attempting to get back into the driver’s seat. The pair may then challenge the crucial $74,508 resistance. If buyers overcome the barrier, the pair may surge to $84,000.
Ether price prediction
Ether (ETH) turned down and fell below the breakout level of $2,111 on Thursday, indicating that the bears are trying to make a comeback.
Sellers kept up the pressure and pulled the ETH/USDT pair below the 50-day SMA ($2,044) on Friday. The ETH price may decline to the $1,900 level, which is likely to attract buyers. However, if the bears prevail, the pair may collapse to the vital $1,750 support.
This negative view will be invalidated in the near term if the price turns up sharply and breaks above the $2,200 level. That enhances the prospects of a rally above the $2,400 level.
BNB price prediction
BNB (BNB) has been oscillating between $570 and $687 for the past few weeks, signaling buying near the support and selling close to the resistance.
There is minor support at $607, but if the level gives way, the BNB/USDT pair may slump to the $570 level. A strong bounce off the $570 support suggests that the pair may remain inside the range for a while longer.
The next trending move is expected to begin on a close below $570 or above $687. If buyers clear the overhead hurdle, the BNB price may jump to $790. Alternatively, a close below $570 might sink the pair to the psychological level at $500.
XRP price prediction
XRP (XRP) turned down from the moving averages on Thursday, indicating that the bears remain in control.
The XRP price may slide to $1.32 and then to $1.27. Buyers will attempt to aggressively defend the $1.27 level, but if the bears prevail, the XRP/USDT pair may decline to the support line.
The first sign of strength will be a close above the moving averages. The pair may then rise to the breakdown level of $1.61, which is expected to pose a substantial challenge for the bulls. If buyers pierce the $1.61 level, the next stop is likely to be the downtrend line.
Solana price prediction
Buyers attempted to push Solana (SOL) above the $95 resistance on Wednesday, but the bears held their ground.
The SOL price has dipped below the 50-day SMA ($86), indicating that the bulls have given up. That suggests the SOL/USDT pair may extend its stay inside the $76 to $95 range for some more time.
The next trending move is expected to begin on a break above or below the range. If the bulls propel the price above $95, the pair may reach the $117 level. On the downside, a close below $76 might sink the pair to $67.
Dogecoin price prediction
Dogecoin (DOGE) rose above the moving averages on Wednesday, but the bulls could not sustain the higher levels.
The DOGE price turned down on Thursday, and the bears have pulled the DOGE/USDT pair below the critical $0.09 support. If the sellers sustain the price below $0.09, the pair may collapse to $0.06.
Buyers are unlikely to give up easily. They will attempt to defend the $0.09 level and swiftly push the price above the moving averages. If they succeed, the pair may ascend to $0.10 and later to $0.12.
Hyperliquid price prediction
Hyperliquid (HYPE) turned down from $41.59 on Wednesday but is likely to find support in the zone between the 20-day EMA ($37.64) and the breakout level of $36.77.
If the HYPE price bounces off the $36.77 level, it suggests that the bulls are trying to flip the level into support. Buyers will endeavor to strengthen their position by pushing the HYPE/USDT pair above the $43.77 level. If they can pull it off, the pair may start its northward march toward $50.
Contrary to this assumption, if the price continues lower and breaks below $36.77, it suggests that the bulls are losing their grip. The pair may tumble to the 50-day SMA ($33.34), which is likely to attract buyers.
Related: Ether traders see ‘further decline’ as ETH price slips below $2K
Cardano price prediction
Buyers pushed Cardano (ADA) above the 50-day SMA ($0.27) on Wednesday but could not sustain the higher levels.
The ADA/USDT pair turned down sharply on Thursday, signaling that the bears had renewed their selling. There is strong support at $0.25, but if the level breaks down, the ADA price may slump to $0.22.
This negative view will be invalidated in the near term if the price turns up sharply from the $0.25 level and closes above the moving averages. That clears the path for a rally to the downtrend line.
Bitcoin Cash price prediction
Bitcoin Cash (BCH) fell below the 20-day EMA ($468) on Thursday, indicating that the bears are attempting to retain control.
The BCH/USDT pair may descend to the $443 support, which is a crucial level to watch out for. If the bears sink the BCH price below the $443 level, the pair will complete a bearish head-and-shoulders pattern. That may start a drop to $375.
On the contrary, if the price turns up from the $443 level, it signals solid buying at lower levels. The pair may form a range between $443 and the 50-day SMA ($491) for some time. Buyers will have to push and maintain the price above the 50-day SMA to signal the start of a sustained recovery toward $520.
Chainlink price prediction
Chainlink’s (LINK) rebound fizzled out at $9.50 on Wednesday, indicating that the bears are selling on rallies.
The price turned down sharply on Thursday, and the bears have pulled the LINK/USDT pair below the support line of the ascending channel pattern. If the LINK price closes below the channel, the pair may drop to $8.05 and then to $7.15.
Buyers are likely to have other plans. They will attempt to retain the price inside the channel and push the pair above the $9.50 level. If they do that, the pair may rally to the resistance line.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
