**Bitcoin's price experienced a sharp 4% increase to $107,000, only to quickly retreat, leaving traders puzzled.** This volatility highlights the market's sensitivity to external catalysts and regulatory developments.

### **Bitcoin Rockets Higher, Falls Short**
- **BTC/USD** saw a rapid surge early Monday, reaching close to its all-time high of $109,000, before losing all gains.
- The quick reversal underscores the **market's unpredictability** and the lack of a sustained bullish catalyst.

### **Broader Clarity = Crypto Clarity?**
- The initial surge was partly fueled by optimism from the **U.S.-China tariff war truce**, which also buoyed stock markets.
- Traders are eagerly awaiting **regulatory clarity**, especially from Donald Trump's crypto working group, which could provide a more stable foundation for prices.

### **Stablecoin Bill in the Works**
- A bipartisan **stablecoin bill** is set to be debated in the Senate, with Senator Bill Hagerty claiming it will "make history."
- This legislation could represent a significant step toward **pro-growth regulatory frameworks** for cryptocurrencies.

![BTC/USD Price Chart](https://s3-symbol-logo.tradingview.com/crypto/XTVCBTC.svg)

Orange coin isn’t usually the waiting type — crypto markets’ patience runs the risk of wearing out unless Trump and his crypto group do something about the industry. Could that be… friendly regulation, finally?  💸\ Bitcoin Rockets Higher, Falls Short🙏 Broader Clarity = Crypto Clarity?🔥 Stablecoin B…

Bitcoin's Rollercoaster Ride: Surges to $107K Then Drops — What's Fueling the Volatility?

**JPMorgan Chase CEO Jamie Dimon**, a long-time skeptic of **Bitcoin**, announced at the bank's annual Investor Day that clients will soon be able to purchase the cryptocurrency. However, the bank will not offer custody services for these assets.

### Key Highlights:
- **JPMorgan Chase** is set to allow its clients to buy **Bitcoin**, marking a significant shift in the bank's approach to cryptocurrency.
- Despite this move, **Dimon** remains critical of **Bitcoin**, citing its use in illegal activities such as **sex trafficking** and **money laundering**.
- The CEO also downplayed the importance of **blockchain technology**, despite JPMorgan's ongoing projects in the space, including its **Kinexys platform** which recently tested **tokenized U.S. Treasury settlement** on a public blockchain.

Dimon's comments reflect a complex relationship with cryptocurrency, balancing skepticism with the recognition of client demand for **Bitcoin** access. This development could signal growing acceptance of **cryptocurrencies** among traditional financial institutions.

A longtime vocal critic of bitcoin, Dimon said the bank he runs will now let clients to buy the crypto.

Yesterday Bitcoin Articles Digested