Bitcoin plunged 28%. Institutional investors bought the dip
Publishing timestamp: 2024-08-09 17:37:48
Summary
Investors bought the dip in spot crypto exchange-traded funds this week, with newbies showing interest in buying on the dip. Morgan Stanley gave the green light to its financial advisors to pitch clients on funds issued by BlackRock and Fidelity. The crypto market traded in lockstep with U.S. equities, with Bitcoin and Ether still down over the past seven days. Regulatory winds appear to be shifting, with a U.S. judge ruling in favor of Ripple in a legal battle against the SEC.
Sentiment: MIXED
Tickers: MSTR, BTC.CM=, ETH.CM=, BLK, MS, RIOT, COIN,
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