JPMorgan Chase News

Open Interest surged to $3.22 billion on. Oct. 14 to levels not seen since February.

“The reason I own Bitcoin is because the U.S. government and every government in the western hemisphere is printing money now to the end of time,” said billionaire Barry Sternlicht.

According to JPMorgan, this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin.

Banking mogul Jamie Dimon has been a notorious detractor of Bitcoin since 2017, in contrast to his firm’s overt desire to capitalize from the ecosystem’s growth.

Ether futures are currently trading at a premium as investors make the switch from Bitcoin-based products.

The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%.

Altcoins have made big gains on the total market share of the cryptocurrency markets, but JPMorgan analysts have concerns.

At least one bank appears to have changed course after OnlyFans went public about banks blocking payments.

Bitcoin's price finally recaptured the $50,000 level, but data shows that pro traders are somewhat skeptical for a variety of reasons.

Delaware-based Compass Mining offers U.S. citizens exposure to Bitcoin mining via its private infrastructure.

JPMorgan now offers access to six different crypto funds from GrayScale, Osprey Funds and NYDIG.

Advisers at the banking giant are reportedly only allowed to execute crypto trades at the direct request of a client rather than recommending the products themselves.

“The volatility you see in it today just has to play itself out,” JPMorgan’s director of asset and wealth management said.

Some of JPMorgan’s new blockchain-related job vacancies seek candidates with experience in Bitcoin, Ethereum and proof-of-stake consensus mechanisms.

Daily payment activity in El Salvador would represent more than 1% of the total value of BTC that has been transferred among wallets in the past year, JPMorgan experts say.