Bitcoin
Why Bitcoin is up 1.0% in the last hour
Analysis
Bitcoin rose about 1.0% over the past hour alongside a broader crypto market upswing, as reported by The Block noting a rally that also lifted Dogecoin and related equities. Sentiment also appeared supported by ETF-linked headlines, with The Block reporting Morgan Stanley’s proposed bitcoin ETF filing update naming Coinbase and BNY as custodians, reinforcing the institutional adoption narrative.
Contributing Factors (3)
Bitwise has now donated over $380K to open-source Bitcoin devs
Bitwise has tasked Bitcoin Brink, OpenSats, and the Human Rights Foundation with deciding where to allocate its second annual donation to support Bitcoin.
Bitcoin taps $74,000 as crypto market rally lifts Dogecoin, Coinbase and more
Crypto-linked equities outpaced the broader market rally, with Gemini shares jumping about 34% and Coinbase climbing roughly 15%.
Morgan Stanley names Coinbase and BNY as custodians in proposed bitcoin ETF filing update
Morgan Stanley's updated S-1 filing named Coinbase and BNY as custodians for its proposed bitcoin exchange-traded product.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.