New York, Jan 7, 2026, 07:09 EST — Premarket
- Bitcoin (BTC) fell about 1.8% to around $92,000 in early New York hours
- Morgan Stanley filed for bitcoin- and solana-linked ETFs, widening Wall Street’s crypto push
- Traders are watching the $90,000 level and Friday’s U.S. jobs report for the next cue
Bitcoin (BTC), the world’s largest cryptocurrency, fell 1.8% to $92,065 by 6:50 a.m. ET on Wednesday, down from a previous close of $93,722. It traded between $91,519 and $93,722, and has gained about 5% so far this year after hitting $94,830 on Monday, data from Twelve Data showed. Ether fell about 2.3% to $3,220.
The pullback comes a day after Morgan Stanley filed with the U.S. Securities and Exchange Commission to launch exchange-traded funds, or ETFs, tied to the prices of bitcoin and solana. The filing lands as U.S. regulators have taken steps that narrow the gap between banks and crypto activity, including allowing banks to act as intermediaries on crypto transactions. Morningstar ETF analyst Bryan Armour said Morgan Stanley likely wants to steer clients into its own products; “a bank entering the crypto ETF market adds legitimacy,” he added. Reuters
Cryptocurrencies remain “a high-risk segment” and their strong correlation with tech shares should keep volatility elevated, said Ipek Ozkardeskaya at Swissquote Bank. Bitcoin hit a record above $125,000 in October but ended 2025 down over 6%, and eToro’s Akoner said institutional adoption and ETFs could bolster longer-term demand. Reuters
Crypto-linked equities also stayed in focus after index provider MSCI dropped a plan to exclude so-called digital asset treasury companies — firms that hold tokens such as bitcoin as core treasury assets — from its benchmarks. Strategy, the largest corporate holder of bitcoin, rose 4.3% before the bell; Clear Street’s Owen Lau said the shift removed a “material near-term technical risk” for stocks that serve as stand-ins for crypto exposure. JonesTrading chief market strategist Mike O’Rourke said he expects the index debate to return later this year through a broader consultation. Reuters
Strategy also reported a $17.44 billion unrealized loss on digital assets in the fourth quarter, tied to a decline in the value of its cryptocurrency holdings. The company said its U.S. dollar reserve stood at $2.25 billion as of Jan. 4.
In crypto markets, traders are watching whether bitcoin holds above $90,000, a level that often acts as psychological support. A rebound would put the spotlight back on this week’s highs near $94,800-$95,000, where selling emerged.
The downside risk is a sharper move away from risk assets that hits crypto alongside tech shares, where bitcoin has often moved in sympathy. With liquidity fragmented across venues, intraday swings can accelerate when traders rush to cut exposure.
