{"id":484756,"date":"2024-02-29T15:44:42","date_gmt":"2024-02-29T15:44:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=484756"},"modified":"2024-02-29T15:44:42","modified_gmt":"2024-02-29T15:44:42","slug":"bitcoin-price-prediction-btc-soars-10-as-morgan-stanley-mulls-offering-bitcoin-etfs-to-customers-too-late-to-buy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-soars-10-as-morgan-stanley-mulls-offering-bitcoin-etfs-to-customers-too-late-to-buy","title":{"rendered":"Bitcoin Price Prediction: BTC Soars 10% As Morgan Stanley Mulls Offering Bitcoin ETFs To Customers – Too Late To Buy?"},"content":{"rendered":"
The Bitcoin price has exploded 10% in the last 24 hours to trade for $62,465 as of 5:40 a.m. EST time on a 98% surge in trading volume.<\/p>\n
Amid heightened interest in the BTC token, a report by on-chain market intelligence firm Glassnode indicated that the levels of BTC supply over the counter (OTC) had plummeted to depletion levels.<\/p>\n
\n#Bitcoin<\/a> probability of reaching $61K is high given the supply constraint on the OTC desk.<\/p>\n
OTC desk supply is at its lowest level in 6 years which will push to buy $BTC<\/a> at the public exchange.<\/p>\n
Institutions are here for real folks! pic.twitter.com\/eV4hsZOKSW<\/a><\/p>\n
— Mikybull 🐂Crypto (@MikybullCrypto) February 28, 2024<\/a><\/p><\/blockquote>\n