Wall Street: Boosts Bitcoin Adoption | Flash News Detail | Blockchain.News
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4/17/2026 3:09:00 AM

Wall Street: Boosts Bitcoin Adoption

Wall Street: Boosts Bitcoin Adoption

Wall Street giants like Goldman Sachs and Morgan Stanley drive Bitcoin institutional adoption with new ETFs and trading, signaling major crypto market shifts in 2026.

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Fox Business reporter Eleanor Terrett highlights surging institutional adoption in crypto, quoting ETF Store President Nate Geraci on recent headlines: Goldman Sachs launches BTC-related ETF, Morgan Stanley celebrates its most successful ETF debut with a Bitcoin fund, Charles Schwab introduces direct spot crypto trading, and the New York Stock Exchange dives fully into crypto. This wave echoes the momentum from last year's ETF approvals, pushing Bitcoin toward mainstream finance amid rising BTC price predictions and crypto market growth.

From a technical confluence standpoint, Bitcoin trades at $74,670.05 in a bullish structure, holding above the EMA200 at $70,669.36 as firm long-term support, while the EMA50 at $73,041.36 acts as immediate backing for any dips. Yet the MACD shows a bearish death cross with a reading of 592.22, clashing against neutral RSI at 56.61—price squeezes inside Bollinger Bands, testing upper resistance at $75,455.79 that could cap gains short-term, likely forcing a pullback to lower support near $73,712.24 before resuming the uptrend, especially as institutional flows align with Bitcoin's hype in this cycle.


Eleanor Terrett

@EleanorTerrett

British-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.