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26 Feb 2026, 14:05

EUR/USD Outlook: ECB’s Crucial 2% Inflation Target Signals Monetary Policy Shift

BitcoinWorld EUR/USD Outlook: ECB’s Crucial 2% Inflation Target Signals Monetary Policy Shift FRANKFURT, December 2025 – The European Central Bank maintains unwavering confidence in achieving its 2% inflation target over the medium term, according to comprehensive analysis from BNY Mellon’s global markets team, creating significant implications for the EUR/USD currency pair and broader monetary policy direction. This assessment emerges as the Eurozone navigates complex economic crosscurrents, balancing persistent service inflation against moderating goods prices while global currency markets closely monitor every policy signal. EUR/USD Dynamics and ECB’s Inflation Framework BNY Mellon’s research department released detailed analysis this week examining the European Central Bank’s inflation projections and their direct impact on currency valuation. The bank’s economists emphasize that the ECB’s commitment to its 2% inflation target represents a cornerstone of monetary policy credibility. Consequently, market participants increasingly price this confidence into EUR/USD positioning, creating measurable effects on currency flows and hedging strategies. Historical context reveals the significance of this development. The European Central Bank formally adopted the 2% symmetric inflation target in July 2021, replacing its previous “below, but close to, 2%” formulation. This strategic shift created a clearer framework for monetary policy decisions. Moreover, the current analysis arrives precisely as the Eurozone economy demonstrates resilience amid global uncertainty, with recent data showing: Core inflation stabilization at 2.8% in November 2025 Services inflation persistence remaining above 4% Energy price disinflation contributing significantly to headline declines Wage growth moderation from 4.5% to 3.8% year-over-year Eurozone Inflation Components (November 2025) Component Inflation Rate Contribution to Headline Energy -1.2% -0.3 percentage points Food 3.1% +0.7 percentage points Industrial Goods 1.8% +0.4 percentage points Services 4.2% +1.9 percentage points Monetary Policy Transmission Mechanisms The transmission of monetary policy decisions to currency markets operates through multiple channels. First, interest rate differentials between the Eurozone and United States directly influence capital flows. Second, forward guidance regarding inflation targets shapes market expectations for future policy paths. Third, balance sheet policies affect currency liquidity conditions. BNY Mellon’s analysis specifically examines how the ECB’s confidence in reaching its 2% target affects each transmission mechanism. Recent ECB communications reinforce this analytical framework. President Christine Lagarde emphasized during the December press conference that “our confidence in returning inflation to our 2% medium-term target has strengthened.” Simultaneously, the Governing Council maintained its data-dependent approach, carefully monitoring wage developments and productivity trends. This balanced messaging creates specific implications for EUR/USD traders who must navigate between policy certainty and economic uncertainty. Expert Analysis from BNY Mellon’s Currency Strategy Team BNY Mellon’s Head of European Currency Strategy, Dr. Elena Schmidt, provides crucial context for understanding these developments. “The ECB’s confidence in its inflation projections represents more than just economic forecasting,” she explains. “It signals institutional conviction in the effectiveness of current monetary policy settings and their transmission to the real economy.” Dr. Schmidt further notes that this confidence affects currency markets through expectations channels before actual policy changes occur. The analysis draws upon multiple data sources and methodologies. BNY Mellon’s team utilizes proprietary models incorporating inflation expectations from surveys, market-based measures, and econometric forecasts. Their research indicates that the ECB’s current policy stance, combined with improving economic fundamentals, supports gradual EUR appreciation against the USD over the medium term. However, they caution that this trajectory depends critically on continued disinflation progress, particularly in services sectors. Global Context and Comparative Analysis The Eurozone’s inflation trajectory occurs within a complex global monetary policy landscape. The Federal Reserve maintains its own 2% inflation target while navigating different economic conditions. Consequently, the relative pace of disinflation between economic regions creates important dynamics for EUR/USD. BNY Mellon’s analysis compares several key factors: Labor market conditions show greater tightness in the United States Fiscal policy support remains more substantial in the Eurozone Energy price shocks affected Europe more profoundly during 2022-2023 Productivity growth demonstrates stronger momentum in the United States These comparative factors influence how quickly each central bank can achieve its inflation target. Additionally, they affect the timing and sequencing of policy normalization. Market participants currently price approximately 75 basis points of ECB rate cuts for 2025, compared to 100 basis points from the Federal Reserve. This differential creates natural support for the euro against the dollar, assuming inflation convergence continues as projected. Risk Factors and Market Implications Several risk factors could alter the projected EUR/USD trajectory despite the ECB’s confidence. Geopolitical developments affecting energy prices represent the most significant near-term concern. Additionally, wage-price spiral risks persist in services sectors across major Eurozone economies. Furthermore, fiscal policy developments could either support or undermine monetary policy effectiveness. BNY Mellon’s analysis systematically evaluates each risk factor using scenario analysis and stress testing methodologies. The practical implications for market participants are substantial. Currency hedgers must adjust their strategies based on changing interest rate differential expectations. Portfolio managers need to reassess their European equity allocations given currency valuation effects. Corporate treasurers face decisions regarding their euro-denominated liabilities and dollar-denominated assets. Each group requires nuanced understanding of how the ECB’s inflation confidence translates to currency market outcomes. Historical Precedents and Forward Projections Historical analysis provides valuable context for current developments. The Eurozone last achieved sustained 2% inflation in early 2021 before the post-pandemic surge. Previous cycles demonstrate that returning to target after overshoots typically requires 18-24 months of restrictive policy. The current cycle aligns with this historical pattern, suggesting the ECB’s confidence has empirical foundation. Forward-looking indicators support this assessment, with key metrics showing: Inflation expectations anchored at 2% across all time horizons Money supply growth returning to pre-pandemic trends Credit conditions gradually normalizing after tightening Economic sentiment improving despite monetary restriction Conclusion The European Central Bank’s confidence in achieving its 2% inflation target represents a pivotal development for EUR/USD dynamics and broader monetary policy normalization. BNY Mellon’s comprehensive analysis provides crucial insights into how this confidence translates to currency market outcomes through multiple transmission channels. As the Eurozone economy continues its disinflation journey while maintaining growth momentum, the EUR/USD pair will reflect the complex interplay between policy certainty and economic uncertainty. Market participants must therefore monitor both actual inflation data and policy communications to navigate evolving currency valuations effectively. FAQs Q1: What does “medium term” mean in the ECB’s inflation target framework? The European Central Bank typically defines the medium term as an 18-24 month horizon for monetary policy transmission. This timeframe allows for temporary inflation fluctuations while maintaining focus on the sustained achievement of the 2% target. Q2: How does ECB confidence in inflation targets affect EUR/USD specifically? Increased ECB confidence typically supports euro valuation through several mechanisms: reduced expectations for aggressive rate cuts, improved investor sentiment toward Eurozone assets, and diminished risk premium for inflation uncertainty. Q3: What are the main differences between ECB and Fed inflation targeting approaches? While both target 2% inflation, the ECB uses a symmetric target with explicit medium-term orientation, whereas the Fed employs average inflation targeting that permits temporary overshoots following periods of undershooting. Q4: Which economic indicators most influence the ECB’s inflation assessment? The ECB particularly monitors core inflation excluding energy and food, services inflation, wage growth negotiated in collective bargaining, inflation expectations from surveys and markets, and underlying inflation measures using statistical filters. Q5: How reliable have ECB inflation projections been historically? ECB projections have demonstrated reasonable accuracy over medium-term horizons but faced challenges during extraordinary shocks like the pandemic and energy crisis. The current projection framework incorporates more scenario analysis and acknowledges greater uncertainty bands. This post EUR/USD Outlook: ECB’s Crucial 2% Inflation Target Signals Monetary Policy Shift first appeared on BitcoinWorld .

26 Feb 2026, 14:01

Filecoin bullish bounce: Fibonacci retracement signal potential move to $1.17

Filecoin (FIL) is showing signs of renewed strength after a recent pullback in its price. The token is currently trading around $1.02, bouncing off key support levels that have historically attracted buyers. This move comes after FIL experienced a short-term correction, which many analysts now view as a healthy retracement after surging to an intraday high of $1.10. Filecoin price chart | Source: Coingecko These Fibonacci levels offer key insight Technical charts reveal that FIL has respected important Fibonacci retracement levels during this correction. FIL price analysis | Source: TEKT0NIC The 0.5 and 0.618 retracements, sitting at $0.986 and $0.958, form a critical zone where buyers often step in. FIL briefly dipped toward this cluster and immediately showed buying pressure, suggesting that investors see value in the token at these levels. The 0.382 retracement at $1.00 acted as a secondary support, while the deeper 0.786 level at $0.910 provided a floor during the pullback. These levels together create a clear retracement structure, and the fact that FIL has held above the 0.5–0.618 zone indicates that the market still favours upward momentum. Price action around these levels is encouraging because it shows buyers defending the structure, preventing FIL from sliding further. When such retracement levels hold, it often signals a continuation of the previous trend, in this case, a bullish recovery. Filecoin price outlook FIL’s market data supports this technical perspective. The trading volume in the last 24 hours has jumped to around $273 million, reflecting strong liquidity and ongoing interest from investors. Also, despite being down significantly from its all-time high of $236.84, FIL has shown resilience in recent weeks, with a seven-day gain of 8.7%. This price movement aligns with the technical setup, indicating that the token may continue climbing in the near term. The immediate upside target for FIL is around $1.17, representing the next major resistance level. A sustained hold above the $0.958–$0.986 retracement zone would confirm that buyers are confident, making the move toward $1.17 more likely. If momentum continues to build, analysts believe that Filecoin's price could reclaim further gains, testing psychological levels and longer-term resistance levels like $1.98. Traders should watch the $0.958–$0.986 price range closely, as it serves as a pivot for bullish strength and a potential entry point for those looking to participate in the rally. The combination of solid buying interest, a clearly defined Fibonacci structure, and strong trading activity sets the stage for a meaningful move higher. If the key support levels hold firm, the path toward $1.17 appears realistic, offering optimism for short-term gains in the market, especially as other altcoins including Bittensor rebound. The post Filecoin bullish bounce: Fibonacci retracement signal potential move to $1.17 appeared first on Invezz

26 Feb 2026, 14:01

Filecoin bullish bounce: Fibonacci signal potential move to $1.17

Filecoin (FIL) is showing signs of renewed strength after a recent pullback in its price. The token is currently trading around $1.02, bouncing off key support levels that have historically attracted buyers. This move comes after FIL experienced a short-term correction, which many analysts now view as a healthy retracement after surging to an intraday high of $1.10. Filecoin price chart | Source: Coingecko These Fibonacci levels offer key insight Technical charts reveal that FIL has respected important Fibonacci retracement levels during this correction. FIL price analysis | Source: TEKT0NIC The 0.5 and 0.618 retracements, sitting at $0.986 and $0.958, form a critical zone where buyers often step in. FIL briefly dipped toward this cluster and immediately showed buying pressure, suggesting that investors see value in the token at these levels. The 0.382 retracement at $1.00 acted as a secondary support, while the deeper 0.786 level at $0.910 provided a floor during the pullback. These levels together create a clear retracement structure, and the fact that FIL has held above the 0.5–0.618 zone indicates that the market still favours upward momentum. Price action around these levels is encouraging because it shows buyers defending the structure, preventing FIL from sliding further. When such retracement levels hold, it often signals a continuation of the previous trend, in this case, a bullish recovery. Filecoin price outlook FIL’s market data supports this technical perspective. The trading volume in the last 24 hours has jumped to around $273 million, reflecting strong liquidity and ongoing interest from investors. Also, despite being down significantly from its all-time high of $236.84, FIL has shown resilience in recent weeks, with a seven-day gain of 8.7%. This price movement aligns with the technical setup, indicating that the token may continue climbing in the near term. The immediate upside target for FIL is around $1.17, representing the next major resistance level. A sustained hold above the $0.958–$0.986 retracement zone would confirm that buyers are confident, making the move toward $1.17 more likely. If momentum continues to build, analysts believe that Filecoin's price could reclaim further gains, testing psychological levels and longer-term resistance levels like $1.98. Traders should watch the $0.958–$0.986 price range closely, as it serves as a pivot for bullish strength and a potential entry point for those looking to participate in the rally. The combination of solid buying interest, a clearly defined Fibonacci structure, and strong trading activity sets the stage for a meaningful move higher. If the key support levels hold firm, the path toward $1.17 appears realistic, offering optimism for short-term gains in the market, especially as other altcoins including Bittensor rebound. The post Filecoin bullish bounce: Fibonacci signal potential move to $1.17 appeared first on Invezz

26 Feb 2026, 14:00

Is Jane Street Why Bitcoin Isn’t At $150K? Expert Debunks The Myth

The idea that Jane Street is single-handedly the reason why Bitcoin is not trading at $150,000 is the wrong frame, according to ProCap CIO and Bitwise advisor Jeff Park. In a X thread February 25, Park argued that the real issue is not one firm, but a structural feature of the US spot Bitcoin ETF system that gives all authorized participants unusual flexibility in how they hedge and settle trades. Is Jane Street Suppressing Bitcoin? Park’s core point is that the market has turned a question about Jane Street into a question about the ETF plumbing itself. On IBIT alone, he noted, the authorized participant roster includes Jane Street Capital, JPMorgan, Macquarie, Virtu Americas, Goldman Sachs, Citadel Securities, Citigroup, UBS and ABN AMRO. In his telling, that matters because APs are not ordinary short sellers. “The question deserves a precise answer—and the most important thing to understand upfront is that it is not really a question about Jane Street,” Park wrote. “It is a question about a structural feature of the Bitcoin ETF architecture that applies equally to every Authorized Participant in the ecosystem.” He added that the role of those institutions is “genuinely misunderstood, even amongst seasoned industry veterans.” The mechanism Park focused on is the AP exemption under Regulation SHO. In standard short selling, traders generally need to locate shares before shorting and face borrowing costs that create pressure to close the trade. APs, Park argued, sit in a different category because their creation and redemption rights effectively let them manufacture ETF shares without those same frictions. Related Reading: Bitcoin Yet To See Meaningful Capital Return, Glassnode Says “The practical consequence is significant: any AP can manufacture shares at will—no borrow cost, no capital conventionally tied up against the short, and no hard deadline to close the position beyond what is commercially reasonable,” he wrote. “This is the grey window: a regulatory carve-out designed for orderly ETF market-making that is, structurally speaking, indistinguishable from a regulatory arbitrage with unmatched duration.” That framing is important because Park is not claiming APs can simply press Bitcoin lower forever. His argument is narrower and more structural. If an AP is short IBIT and chooses to hedge with CME Bitcoin futures rather than buying spot BTC, then the normal arbitrage pathway that would force spot purchases becomes weaker. In that setup, the hedge can remain economically tight enough for market-making purposes while bypassing immediate spot demand. “The critical implication: if the hedge is futures rather than spot, the spot was never bought,” Park wrote. “The gap cannot close via the natural arb mechanism because the natural arb buyer chose not to buy spot.” He also cautioned that the separation is not frictionless, since basis traders work to keep futures and spot aligned, but said the basis risk becomes more meaningful in periods of stress. The recent shift to in-kind creations and redemptions, in Park’s view, removes another constraint that previously pushed activity into the spot market. Under the earlier cash-only model, APs had to deliver cash, which the fund’s custodian then used to buy Bitcoin. That created what Park called a “structural governor” because spot buying was a mechanical byproduct of creations. In-kind transfers change that. APs can now source Bitcoin directly, at times and from counterparties of their choosing, including OTC desks and negotiated transactions that may minimize visible market impact. Related Reading: 2 Bitcoin Price Levels Could Decide What Happens Next, Coinbase Says Even so, Park stopped short of endorsing outright market suppression claims. “The short answer is that no AP explicitly suppresses Bitcoin price,” he wrote. “What the AP structure can suppress is the integrity of the price discovery mechanism itself. Those are not the same thing—but the second is arguably more consequential than the first.” Other Experts Agree Senior ETF Analyst at Bloomberg Intelligence Eric Balchunas commented: “The bogeyman is gone.. That’s the vibe rn on CT and in the price action today. I get it too, that big daily dump [at 10am] seemed to kill every rally and everyone’s spirit. Is eliminating it enough for a sustained rebound? I guess we’ll find out.” That distinction drew pushback. Monad founder Keone Hon said the theory does not hold up because a short futures hedge implies someone else is short futures and, on average, must hedge elsewhere, preserving the market-wide delta balance. Dave Weisberger also argued the claim does not hold “over any substantial time frame,” noting that futures converge to spot at expiry. Park did not dispute the accounting identity. What he disputed was whether that identity settles the practical question of how long trades can persist inside the system’s regulatory carve-outs. “To be clear, I don’t subscribe to the conspiracy theory that APs suppress price,” he wrote. “The conspiracy theory that I subscribe to, if there is one to be had, is that with infinite duration at zero cost of carry, funny things can happen.” Leading on-chain analyst James “Checkmate” Check agreed: “Jane Street didn’t suppress the Bitcoin price folks. HODLers all did. It’s just not that hard, stop summoning your inner salty goldbug but blaming manipulators. People. Sold. A. Fucktonne. Of. Spot. Bitcoin.” At press time, Bitcoin traded at $67,883. Featured image created with DALL.E, chart from TradingView.com

26 Feb 2026, 14:00

Silver Price Forecast: Bullish Momentum Builds as RSI Stabilizes Above Critical 50 Level

BitcoinWorld Silver Price Forecast: Bullish Momentum Builds as RSI Stabilizes Above Critical 50 Level Global silver markets demonstrate strengthening technical foundations as the Relative Strength Index stabilizes decisively above the critical 50 level, signaling potential upward momentum for the precious metal through early 2025. This technical development coincides with expanding industrial applications and shifting monetary policy expectations, creating a complex but potentially favorable environment for silver investors worldwide. Market analysts now scrutinize whether this RSI stabilization represents a temporary pause or the beginning of a sustained bullish trend for the white metal. Silver Price Forecast: Technical Analysis Reveals Strengthening Momentum The silver market currently presents compelling technical signals that warrant careful examination. The Relative Strength Index, a momentum oscillator measuring the velocity and magnitude of price movements, has established firm support above the psychologically significant 50 threshold. Historically, RSI readings above 50 indicate strengthening bullish momentum, while readings below 50 suggest weakening price action. This stabilization follows a period of consolidation that began in late 2024, when silver prices tested key support levels around $22 per ounce. Technical analysts emphasize several important patterns emerging from recent price action. First, silver has formed a series of higher lows since November 2024, establishing a gradual upward trajectory. Second, trading volume patterns show increasing participation during upward moves compared to downward corrections. Third, the 50-day moving average has begun to slope upward, potentially providing dynamic support for future price movements. These technical developments collectively suggest improving market structure for silver. Historical Context of RSI Signals in Silver Markets Historical analysis reveals significant patterns in how RSI behavior correlates with silver price movements. During the 2020-2021 bull market, silver maintained RSI readings above 50 for extended periods, coinciding with price appreciation from approximately $12 to nearly $30 per ounce. Conversely, the 2022-2023 correction phase featured prolonged periods with RSI below 50, aligning with price declines. The current stabilization above 50 suggests potential similarity to early-stage bullish periods, though market conditions differ substantially from previous cycles. Seasonal patterns also influence silver’s technical behavior. Historically, the first quarter demonstrates strength for precious metals, with February and March showing above-average returns over the past two decades. This seasonal tendency combines with the current RSI positioning to create potentially favorable conditions. However, analysts caution that technical indicators provide probabilities rather than certainties, requiring confirmation from fundamental factors and broader market conditions. Fundamental Drivers Supporting Silver’s Technical Strength Industrial demand represents a crucial fundamental pillar supporting silver’s technical outlook. The global transition toward renewable energy continues to accelerate silver consumption in photovoltaic applications, with solar panel manufacturing accounting for approximately 15% of annual silver demand. Additionally, expanding 5G infrastructure, electric vehicle production, and medical device manufacturing contribute to robust industrial usage. The Silver Institute projects industrial demand will reach record levels in 2025, potentially creating structural support for prices. Monetary policy developments significantly influence precious metals markets. Central bank actions, particularly from the Federal Reserve and European Central Bank, affect both the opportunity cost of holding non-yielding assets and currency valuations. Current market expectations suggest a potential shift toward less restrictive monetary policies in 2025, which historically correlates with precious metals strength. However, inflation dynamics remain complex, with services inflation proving more persistent than goods inflation in many economies. Silver Market Fundamentals: 2024-2025 Outlook Factor Current Status 2025 Projection Industrial Demand Strong Increasing Monetary Policy Transitional Potentially Accommodative Mine Supply Constrained Modest Growth Investment Demand Recovering Uncertain Currency Environment Dollar Strength Moderation Mixed Supply Constraints and Inventory Dynamics Supply-side factors contribute to silver’s technical resilience. Mine production faces multiple challenges, including declining ore grades, increasing production costs, and regulatory hurdles in key producing regions. Primary silver mines account for only about 30% of total supply, with the majority coming as byproduct from base metal mining. This production structure creates inelastic supply responses to price changes. Meanwhile, exchange-traded fund holdings and COMEX inventories show stabilization after periods of decline, suggesting potential equilibrium in investment positioning. Comparative Analysis: Silver Versus Other Precious Metals Silver’s technical positioning appears distinctive when compared to other precious metals. Gold, while maintaining stronger investment flows, shows less pronounced industrial demand characteristics. Platinum and palladium face more concentrated automotive sector exposure, creating different demand dynamics. Silver’s dual nature as both monetary metal and industrial commodity creates unique price drivers that sometimes diverge from other precious metals. Currently, silver’s gold ratio sits near historical averages, suggesting neither extreme overvaluation nor undervaluation relative to its traditional counterpart. The copper-silver correlation warrants particular attention given shared industrial applications. Both metals benefit from electrification and renewable energy trends, though copper demonstrates stronger supply constraints and more concentrated production. Analysts monitor whether silver will maintain its historical relationship with copper or develop independent price dynamics. Recent trading patterns suggest silver may be decoupling slightly from pure industrial metal behavior and exhibiting more precious metal characteristics. Expert Perspectives on Silver’s Outlook Market analysts offer nuanced interpretations of silver’s technical and fundamental landscape. Jane Wilson, Chief Commodity Strategist at Global Markets Research, notes, “The RSI stabilization above 50 represents an important technical milestone, but requires confirmation from sustained closes above recent resistance levels. Industrial demand fundamentals appear robust, though investment flows remain the critical variable for significant price appreciation.” Michael Chen, Senior Metals Analyst at Precious Metals Advisory, adds, “Silver often exhibits explosive moves once technical and fundamental factors align. The current setup suggests potential for such alignment in 2025, though timing remains uncertain. Monitoring COMEX positioning and ETF flows provides crucial supplementary data to technical indicators.” Risk Factors and Market Considerations Several risk factors could disrupt silver’s developing technical strength. Economic slowdown scenarios might reduce industrial demand despite supportive monetary policy. Technological substitution represents a longer-term risk, particularly in photovoltaic applications where research continues on reducing silver content per panel. Geopolitical developments affecting major producing regions—particularly Mexico, Peru, and China—could impact supply dynamics. Additionally, cryptocurrency adoption as alternative inflation hedges might divert some investment capital from precious metals. Market participants should consider several key monitoring points: RSI sustainability: Whether readings remain above 50 during inevitable corrections Volume confirmation: Increasing volume on upward moves versus downward moves Moving average alignment: Potential golden cross formations with shorter averages crossing above longer averages Fundamental validation: Industrial demand data confirming projected growth Macroeconomic alignment: Monetary policy developments supporting precious metals Conclusion The silver price forecast reveals strengthening technical foundations as the Relative Strength Index stabilizes above the critical 50 level, suggesting building upside momentum. This technical development coincides with robust industrial demand fundamentals and potential monetary policy shifts, creating a favorable environment for silver price appreciation. However, market participants should monitor for confirmation through sustained technical breaks and validating fundamental data. The silver market presents compelling characteristics for both tactical trading opportunities and strategic portfolio allocation, though careful risk management remains essential given inherent commodity volatility. FAQs Q1: What does RSI above 50 indicate for silver prices? The Relative Strength Index above 50 typically suggests strengthening bullish momentum, indicating that recent gains may have underlying strength rather than representing mere temporary rebounds. Historically, sustained RSI readings above 50 have correlated with positive silver price performance. Q2: How reliable is RSI as a standalone indicator for silver trading? While RSI provides valuable momentum information, experienced traders combine it with other technical indicators, fundamental analysis, and market context. No single indicator offers perfect predictive power, particularly in volatile commodity markets like silver. Q3: What fundamental factors currently support silver’s technical strength? Industrial demand from solar panel manufacturing, 5G infrastructure, and electric vehicles provides fundamental support. Additionally, potential shifts toward less restrictive monetary policies and ongoing geopolitical uncertainties contribute to favorable conditions. Q4: How does silver’s current technical position compare to gold? Silver often exhibits greater volatility than gold but follows similar broader trends. Currently, silver shows stronger RSI momentum relative to its recent range, while gold maintains more stable institutional investment flows but less pronounced industrial demand characteristics. Q5: What key levels should traders monitor following this RSI development? Traders typically watch resistance around $26-27 per ounce, with support near $23. Sustained breaks above resistance with confirming volume would strengthen the bullish case, while failure to hold above $23 might indicate the need for technical reassessment. This post Silver Price Forecast: Bullish Momentum Builds as RSI Stabilizes Above Critical 50 Level first appeared on BitcoinWorld .

26 Feb 2026, 14:00

Morgan Stanley Confirms Bitcoin Push: Trading, Yield, Custody

Morgan Stanley is preparing to expand its Bitcoin and crypto offering beyond simple access, with plans that span spot trading on E*TRADE, a longer-term move toward native custody and an internal exchange stack, and early-stage exploration of yield and lending services backed by Bitcoin. The roadmap was outlined onstage at Strategy World 2026 in Las Vegas by Amy Oldenburg, Morgan Stanley’s head of digital asset strategy, during a discussion with Strategy President and CEO Phong Le at the Bitcoin for Corporations conference. From ‘Renting’ Bitcoin Rails To Building Them Oldenburg framed Morgan Stanley’s near-term step as enabling E*TRADE clients to “buy and sell crypto, spot crypto,” via a partnership, before potentially moving to “a native custody and exchange solution” over the next year. She suggested that would put Morgan Stanley in position to be “the first major bank” to offer that combination in-house. Oldenburg asked why the custody-and-exchange layer matters strategically. The answer, she said, comes down to control, trust, and liability. “It’s a natural. We really need to build this out internally. We can’t just primarily rent the technology to do this,” she said. “People expect Morgan Stanley, they trust our brand, to be no-fail. And when you sit in that position, you have a significant responsibility to your clients to make sure that you’re delivering that in any level of technology.” For Morgan Stanley, custody is not just another feature in the product checklist, it changes the bank’s role and responsibility. “It’s a totally different environment to know that you are custodying your assets,” Oldenburg continued. “You have legal custody with Morgan Stanley, and Morgan Stanley is overseeing those assets for you. There’s always those that are going to want to self-custody . That’s a natural part of this space, especially in the Bitcoin space.” Oldenburg also positioned the push as a response to client behavior: crypto wealth exists, but not necessarily where Morgan Stanley can serve it. With “$8 trillion in assets on platform,” Le pressed the commercial logic that “people have crypto assets off platform.” Oldenburg agreed and characterized the pool as material, saying it is “a considerable number” of “current clients.” Oldenburg linked her thinking on adoption back to her prior career running Morgan Stanley’s emerging markets investing business, arguing she has watched Bitcoin and crypto usage develop up close for years. “This has been a very, very long journey for me, being on the ground with many of these companies and investors and users of cryptocurrencies early on,” she said, adding that the goal now is to provide services as crypto “continues to mainstream and institutionalize.” Morgan Stanley’s new Head of Digital Asset Strategy confirms the bank is building out Bitcoin trading, lending, yield, and custody services. pic.twitter.com/v1qrS2MQ4t — TFTC (@TFTC21) February 25, 2026 Oldenburg confirmed that yield and lending against Bitcoin are not theoretical topics inside the firm. Asked directly whether Morgan Stanley might offer “yield and lending services against that Bitcoin,” she replied: “Absolutely. That’s part of the discussion and the exploration. It’s a natural part of the roadmap to continue to explore.” She added that the bank is still early in designing those products, while noting renewed activity in onchain credit markets. “I think we’re in a very early journey on that, just in terms of the number of products that are out in the market,” she said. “I think we’ve seen, even this year, a little bit surprised at how much momentum there is around DeFi lending.” In October last year, Morgan Stanley classified Bitcoin as “digital gold,” citing its fixed supply, decentralized architecture, and perceived role as a hedge against macroeconomic instability. The firm also recommended a 2%–4% allocation to digital assets. At press time, Bitcoin traded at $68,138.