The JPMorgan CEO said the bank would allow investors to buy bitcoin, while warning of stagflation and sounding hopeful about regulations.

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.

Analysts credit recent momentum to increased participation by traditional financial institutions, especially JPMorgan.

Like many other cryptocurrencies, Bitcoin suffered through a prolonged slump in the months between, falling as low as $75,000 in March. Its price has climbed steadily ever since a

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

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,

On the 16th of May, Eric Trump sparked conversation in the financial world by taking aim at JPMorgan Chase, questioning the relevance of traditional banking institutions in today’s rapidly evolving digital economy.