Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Morgan Stanley says it might be time to cash out as Bitcoin heads into a new and uncertain part of the crypto cycle, filings show exchange-traded funds (ETFs) for XRP and Chainlink could soon go live, and the US Senate passed a funding bill to end the ongoing government shutdown.
Strategists from Morgan Stanley, a global investment bank and wealth management firm, say the crypto market has entered the “fall season” in Bitcoin’s four-year cycle, advising investors to harvest their gains before the potential onset of winter.
In a podcast episode titled Crypto Goes Mainstream, Denny Galindo, an investment strategist at Morgan Stanley Wealth Management, said that historical data indicates a consistent three-up, one-down rhythm in Bitcoin’s price cycles. Galindo urged investors to take profits in preparation for a crypto winter.
