Key Highlights
- At 7:50 am IST, Bitcoin prices were up by 4.6% at $95,372.06, the data showed.
- Going by the trends, Bitcoin price has been up by over 10% this year, but analysts expect a short-term deficit in the coming days.
- “Crypto is trending upward but faces a short-term demand deficit and technical resistance, lacking the structural allocation bid seen in physical industrial chains.
- The medium-term story is institutional and potentially sovereign: Morgan Stanley’s filing for Bitcoin and Solana trusts signals a new phase of Wall Street competition in crypto products, while discussions around national strategic reserves (e. g., U. S.
- legislative conversations and emerging-market evaluations) could create a new source of inelastic demand in 2026,” according to the latest weekly report by Binance, shared with Livemint.
