Bitcoin paused after a vigorous year-start rally, with the price briefly pulling back as traders took profits and sentiment cooled. The recent move had pushed the asset into higher territory before moderating. Altcoins broadly declined in tandem with Bitcoin’s retreat, signaling a broad risk-off tone.
Market observers noted that the anticipated uplift from a major ETF launch by Morgan Stanley did not materialize immediately. Morgan Stanley filed the S-1 for the Bitcoin Trust and Solana Trust with the U.S. Securities and Exchange Commission, a step that could unlock sizable inflows if approved. Industry participants cautioned that the ETF onboarding remains uncertain and would depend on regulatory approval.
Data from market trackers show the Kimchi premium around 0.58%, implying domestic prices remain modestly elevated relative to overseas quotes. The fear-and-greed index stood at 42, signaling fear among investors and a potential for heightened volatility ahead. Overall, volatility may stay elevated until clear policy or ETF approval signals emerge.
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