Your Daily Cryptocurrency Briefing

Geopolitical Tensions Drive Crypto Dip, Clarity Act Advances, Morgan Stanley Launches Bitcoin ETF

• Geopolitical tensions escalated on April 12 with the breakdown of US-Iran peace talks and President Trump's declaration of a naval blockade in the Strait of Hormuz, causing Bitcoin to dip below $72,000 and the total crypto market cap to fall by over $30 billion. This triggered a risk-off sentiment across the market, leading to significant liquidations in Bitcoin long positions.

  CryptopotatoCoingapeCoinpedia

• The Clarity Act, a key crypto market structure bill, saw its Polymarket odds of passing this year rise to nearly 70% by April 12. This legislative progress, particularly its potential to classify XRP as a digital commodity, has analysts projecting XRP could reach $5 to $10 if the Act passes and Ripple secures a Federal Reserve master account.

  ForbesBusinessinsiderBusinessinsider

• Morgan Stanley launched its MSBT spot Bitcoin ETF on April 11, becoming the first by a major U.S. bank to issue such a fund and offering the market's lowest annual fee at 0.14%. Its strong debut saw $34 million in net inflows, placing it in the top 1% of all ETF launches over the past year.

  247wallst