Bitcoin Price Weekly Outlook

Bitcoin price closed last week at $115,333, rejecting the $118,000 resistance level. After three straight weeks of gains, Bitcoin bulls finally lost steam — and the Fed’s rate cut wasn’t enough to break $118,000.

The U.S. Federal Reserve cut the key interest rate by 25 basis points as anticipated, which provided a boost for markets to close out the week, but it wasn’t enough. Bitcoin price made a move to $118,000 on Thursday after the Fed’s announcement, but was pushed back just shy of this critical resistance level. Sunday’s close gave us a shooting star doji candle for the week, signaling a likely reversal in price action heading into…

Read more on BitcoinMagazine

The FTX Bankruptcy Trust has filed a $1.15 billion lawsuit against Bitcoin mining firm Genesis Digital Assets, marking one of the largest clawback actions yet in the ongoing efforts to recover assets lost in the collapse of the FTX exchange.

The complaint alleges that Genesis Digital and its co-founders received more than $1 billion in fraudulent transfers from Sam Bankman-Fried’s Alameda Research between 2021 and 2022. 

‘Great detriment’ to FTX customers 

The investments, the trust argues, were made at “outrageously inflated prices” and provided little to no value to FTX’s business, which was already insolvent at the time.

“Between  August  2021  and …

Read more on BitcoinMagazine

Morgan Stanley is set to bring cryptocurrency trading to its E*Trade platform, making it one of the first major Wall Street banks to offer digital assets to retail investors. The rollout, planned for the first half of 2026, will start with Bitcoin, Ethereum, and Solana, according to Bloomberg. The bank is partnering with crypto infrastructure provider Zerohash for liquidity, custody, and settlement services.

Jed Finn, head of wealth management at Morgan Stanley, called the move a “transformative moment” for the industry, saying crypto trading is just the “tip of the iceberg.” Beyond simple trading, the bank is developing a wallet solution for custody and tokenization of assets, aiming to merge traditional and digital finance in a single account. The firm has also invested directly in Zerohash, which recently raised \$104 million at a \$1 billion valuation.

The initiative comes as U.S. regulators under the Trump administration show more openness toward banks entering the crypto market. Competitors like Charles Schwab are exploring similar products, while Robinhood has already generated over \$600 million from crypto trading last year. Morgan Stanley also plans to unveil crypto-inclusive portfolio strategies, suggesting allocations based on individual client goals.

Fold announced Tuesday the launch of a bitcoin-only rewards credit card on Visa’s network, powered by Stripe Issuing. The card brings automatic BTC cash back to everyday purchases with no categories or staking tiers, offering up to 3.5% back—2% unlimited instantly, plus an additional 1.5% when paying balances through Fold’s checking account. Shoppers can also unlock brand offers of up to 10% back across a wide merchant network.

CEO Will Reeves called the product a simpler path to bitcoin ownership, noting that rewards are “just real bitcoin, earned automatically with every purchase.” The move adds to Fold’s consumer suite, spanning banking, debit, custody, and exchange services. To date, the company has processed $3.1 billion in volume and distributed $83 million in BTC rewards. Stripe continues expanding its crypto footprint, while Visa backs card programs that integrate digital asset rewards.

Source

Morgan Stanley is preparing to roll out crypto trading for retail clients on its E*Trade platform, marking a significant leap by a Wall Street bank into Bitcoin and digital assets.

The bank will partner with cryptocurrency infrastructure provider Zerohash to provide liquidity, custody, and settlement, according to a Bloomberg report.

Trading is expected to go live in the first half of 2026, beginning with Bitcoin, Ethereum, and Solana.

In other words, Morgan Stanley doesn’t just want to let customers buy Bitcoin. It wants to be the place where traditional and digital assets sit side by side in the same account.

Morgan Stanley announced plans earlier this year to add spot Bitcoin and…

Read more on BitcoinMagazine

Yesterday, at the Concordia Summit, an annual event held during the UN General Assembly week, Paystand CEO and co-founder Jeremy Almond made the case for why Bitcoin is important for those living outside the borders of highly developed countries as well as how it helps people meet the UN’s sustainable development goals (SDGs).

At the event, which brings together members of government, businesses, and nonprofits to discuss solutions to some of the world’s most pressing problems, Almond appeared on a panel entitled “Frictionless Finance: Unlocking Capital Through Digital Assets,” on which he highlighted the role that Bitcoin circular economies play in the Global South.

“Whether…

Read more on BitcoinMagazine