Bitcoin closed above $9,4000 on traders’ fear-of-missing-out (FOMO) sentiment over halving. But Morgan Stanley’s risk management head warned that FOMO is “not a good sign.” The veteran recommends investors and traders to make a more defensive portfolio as the extent of the market damage remains unknown. Bitcoin briefly closed above $9,400 in Wednesday’s trade as traders anticipated extended gains ahead of halving. The benchmark cryptocurrency peaked at $9,424 on BitMEX before correcting lower by 4.41 […]
