The action by JPMorgan is consistent with a broader trend in financial institutions jumping into cryptocurrency products.

Bitcoin soared to a new all-time high today, crossing $109,000 and peaking at $109,800 before settling at $109,378 on Coinbase. The historic price milestone

The world's largest cryptocurrency touched a high of $109,481.83, a 2% gain on the day. Bitcoin, at times, trades in a similar fashion to tech stocks and other assets that rise in value when investor sentiment is high.

JPMorgan Chase (JPM) CEO Jamie Dimon announced Monday that its customers will soon be able to buy Bitcoin through the bank. JPMorgan’s blockchain platform, Kinexys, conducted a test transaction on a public blockchain for the first time last week.

Bitcoin price stabilizes around $105,200 on Tuesday, just 4% shy of its all-time high at $109,588. JPMorgan CEO Jamie Dimon says the bank will let clients buy Bitcoin. The Texas House is set to conduct a second reading of a bill that,

At the bank’s annual investor day on Monday, Dimon announced a final decision on Bitcoin as he made it clear that the bank will allow its customers to purchase the cryptocurrency despite his own personal beliefs.

The JPMorgan CEO said the bank will allow investors to buy bitcoin while warning against stagflation and sounding a hopeful note on regulations.

Bitcoin touches $106,000 amid JPMorgan's bullish pivot and a tip that Congress may soon move crypto laws that could send BTC to new highs. Here's what’s next.