At JPMorgan's recent Investor Day, CEO Jamie Dimon announced that the bank will allow clients to purchase Bitcoin. However, JPMorgan will not offer custody services for these assets. Dimon, known for his critical stance on Bitcoin, reiterated his personal disapproval, citing concerns over its use in illegal activities. Despite Dimon's reservations, JPMorgan's decision aligns with other major banks like Morgan Stanley, which already provide clients access to Bitcoin investments.

2025-05-19 21:36

Strategy has acquired 7,390 BTC for around $764.9 million , paying an average of $103,498 per coin . This move pushes its total Bitcoin holdings to 576,230 BTC as of May 18, 2025. The company says it has achieved a year-to-date BTC yield of 16.3% in 2025. Overall, the firm has spent approximately $40.18 billion on Bitcoin at an average price of $69,726 per BTC . Strategy continues to lead corporate Bitcoin adoption with aggressive accumulation, and this latest purchase reinforces its long-term bullish stance on the cryptocurrency.

2025-05-19 15:17

A high-stakes Bitcoin long worth nearly $500 million has captured attention , with trader James Wynn declaring that “the volcano is about to erupt.” His position, amounting to 4,838.72 BTC on 40x leverage, hints at bold confidence in a coming price surge. Institutional shifts support this sentiment. UBS reports that Asia’s wealthiest investors are increasingly moving away from the U.S. dollar in favor of Bitcoin and gold, seeking better hedges in uncertain markets. Adding to the momentum, Russia’s central bank is reportedly lifting restrictions on Bitcoin-linked financial products , signaling a softer stance toward crypto adoption and broader international engagement. These moves suggest rising global confidence in Bitcoin’s long-term value, with speculation growing around a potential breakout.

2025-05-19 14:54

The yield on the U.S. 30-year Treasury bond climbed above 5%—reaching 5.011% intraday—for the first time since April, signaling deepening concerns over America’s fiscal health. Moody’s recent downgrade of the U.S. credit rating removed its Aaa status, citing large deficits and rising interest costs. The last time this part of the yield curve reached such a level was on April 9, during the "tariff tantrum"—a period marked by aggressive market sell-offs across stocks and cryptocurrencies. Back then, Bitcoin had dropped to a local low near $75,000 , but it has since rallied to around $103,000 after peaking at $106,000 over the weekend. Market expert Jim Bianco pointed out that the last time the 30-year yield closed at or above 5% was on October 31, 2023. That was just shy of the highest recent close—5.11% on October 19, a level not seen since 2007. Adding to the pressure, foreign appetite for U.S. debt is fading. The U.K. has now overtaken China as the second-largest foreign holder of Treasuries , with $779.3 billion, behind only Japan. Both China and Japan have been steadily reducing their holdings, increasing the urgency for the U.S. to find alternative debt buyers. As more bonds are issued to cover budget shortfalls, the increase in supply is pushing yields up and prices down. Meanwhile, the broader markets are reacting nervously— Nasdaq futures dropped around 2% , reflecting a growing shift toward risk aversion.

2025-05-19 12:38