Bitcoin Defies Gravity as Institutional Floodgates Open: Morgan Stanley’s Crypto Move Sparks ETH Rally While Traders Watch DOW

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Coingape

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2025-05-01 12:15:45

Bitcoin smashes through resistance at $65K as Morgan Stanley’s crypto custody launch sends shockwaves through traditional finance.

Ethereum rides the institutional wave - up 18% this week as smart money positions for the ETF approval that Wall Street still claims ’isn’t imminent’ (spoiler: it is).

Meanwhile, the DOW struggles to keep pace with crypto’s alpha - another reminder that legacy markets move at the speed of bureaucracy while digital assets rewrite the rules.

Bonus jab: Gold bugs watching Bitcoin’s market cap overtake their ’safe haven’ for the third time this cycle - maybe store-of-value shouldn’t come with 18th-century storage fees.

May 1, 2025 12:07:25 UTC

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Morgan Stanley Prepares to Launch Crypto Trading on ETrade—Wall Street Finally Catches Up

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