- The Bitcoin price is just 3% away from challenging the major resistance trendline of a falling channel pattern of daily time frame chart.
- MSBT carries a sponsor fee of 0.14%, positioning it among the most cost-efficient Bitcoin investment products at launch.
- The relative strength index (RSI) surged to 56% indicates a renewed bullish momentum in BTC price.
The Bitcoin price is up roughly 4.8% during the last 24-hours to currently trade at $72,100 mark. The primary catalyst to this surge followed de-escalation of the geopolitical tension in the middle east as U.S.-Iran-Israel agreed for a temporary ceasefire. However, the BTC price gained additional traction as Morgan Stanley Investment Management (MSIM) announced today the launch of its Bitcoin Trust (MSBT) with a market-low fee of 0.14%. How far this recovery could extend?
Morgan Stanley Debuts Spot Bitcoin ETF with Market-low Fee of 0.14%
Morgan Stanley Investment Management launched a new Read Entire Article
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