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Bitso launches Morpho-powered vaults, sparking 8.6% rally in MORPHO amid crypto market dip

Market News
27 Oct 2026, 16:00 WIB
AMBCrypto
View Source
Bullish
Bitso launches Morpho-powered vaults, sparking 8.6% rally in MORPHO amid crypto market dip

Bitso introduced Bóvedas, enabling users to earn yield on USDC and MXNB via Morpho-curated vaults, opening Morpho's lending markets to millions. This collaboration triggered an 8.6% rally in Morpho's price despite Bitcoin and Ethereum falling about 0.5%. The price bounce is seen as a bullish sign but needs to hold above $2.30 to confirm recovery, with risks of further correction if it falls below $1.80. Investors should watch these key levels for potential trading opportunities.

Following the news of Morpho's integration with Bitso, Morpho's price on Pluang rose by 6.96% to Rp39,236 as of Oct 27, 2026 20:16 WIB, showing strong investor interest with 98% buy order activity. Meanwhile, Bitcoin and Ethereum showed modest gains of 0.45% and 0.57% respectively, trading at Rp1,450,816,300 and Rp42,070,985. Morpho's market cap stands at Rp21.2 trillion, highlighting its significant presence compared to the larger caps of Bitcoin and Ethereum.

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