- Bitcoin reached a new all-time high above $125,600 before settling near $124,300.
- Spot Bitcoin ETFs recorded net inflows of approximately $3.2 billion last week, the second-highest on record.
- Morgan Stanley authorized its 16,000 brokers to offer spot Bitcoin ETF investments to eligible clients.
- Gold broke new records at $3,966, while other major cryptocurrencies and related funds saw significant gains.
- Institutional guidance now recommends portfolio allocations of up to 4% in Bitcoin for “Opportunistic Growth.”
Bitcoin surpassed its previous price record over the weekend, reaching an all-time high above $125,600. The move came after Bitcoin recovered from recent downturns and built positive momentum at the start of the week.
Spot Bitcoin exchange-traded funds (ETFs) experienced around $3.2 billion in net inflows over the past week, which marks the second-largest inflow on record. At the same time, futures trading in Bitcoin showed new highs for open interest, indicating increased investor participation.
According to direct communication and official guidance, Morgan Stanley has begun allowing its network of approximately 16,000 brokers to market spot Bitcoin ETF products to suitable clients. The firm issued internal materials that recommend clients consider allocating between 0% and 4% of their investment portfolios to Bitcoin, depending on investment goals. The document notes a 0% allocation for those seeking to preserve wealth and up to 4% for those pursuing higher growth.
Institutional voices commented on these developments. In a statement, Goldman noted: “The story is simple: Trump said America can ‘grow its way out of debt.’ What it really means is debasement. Shutdowns highlight the erosion of trust in U.S. institutions — Bitcoin is the pressure valve. That’s not bearish S&P, it’s bearish dollar.” Allocations to Bitcoin and gold have risen as investment professionals respond to increased concerns about currency value and macroeconomic factors.
Several other major assets also reached milestones. BNB set a new high at $1,220, and gold reached $3,966, nearly 50% higher so far this year. Ethereum rose 1% to $4,580, while other cryptocurrencies such as ZEC, ASTER, and MYX led gains among top movers. Crypto exchange Coinbase has applied for a national trust bank charter in the United States, signaling intentions to deepen its regulatory and custody infrastructure. Standard Chartered reaffirmed Bitcoin Price targets of $135,000 in the near term and $200,000 by year-end, citing strong ETF demand and favorable macro trends.
Meanwhile, NFT and memecoin markets saw mixed results, with some assets posting major gains while others remained flat or declined. Punk Strategy tokens, for example, reached a value of $290 million following new plans to expand as a strategy token launchpad.
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