Bitcoin Rockets to New Highs as Traditional Banks Finally Embrace Crypto

Wall Street meets blockchain—and it's about damn time.

After years of resistance, legacy financial institutions are folding Bitcoin into their offerings like latecomers to a sold-out concert. The result? A surge that's got crypto OGs smirking and bank execs scrambling.

The reluctant embrace

JPMorgan's custody services. BlackRock's ETF approvals. Even the Swiss National Bank's stablecoin experiments. The old guard's infrastructure is now propping up the very asset class they once called 'a fraud.'

Market mechanics at work

Institutional inflows are rewriting crypto's volatility playbook. Daily swings that used to give traders whiplash now look more like... well, boring old stocks. The irony isn't lost on anyone.

As one hedge fund manager quipped: 'Nothing brings banks to the table like smelling money they didn't print themselves.'

$117,807 has reached seemingly mythical six-digit levels. Although cryptocurrency investors may not have seen the expected returns from altcoins yet, the industry as a whole has attained substantial gains. Lark Davis views the apparent despair among crypto investors as unfounded, considering the current market scenario.

Contents2021 vs. 2025 crypto Bull MarketPOPCAT Coin Commentary

2021 vs. 2025 Crypto Bull Market

The years surrounding 2021 witnessed substantial gains; however, many investors tend to forget the massive mid-year crash triggered by China’s policies and Elon Musk’s influence. Bitcoin fell to a support level of $30,000, later rising above $60,000, showcasing significant volatility within a year. Present conditions are distinct, with positive news outweighing potential negative developments, pushing Bitcoin’s price above $117,000.

Davis emphasizes the difference between 2021 and current circumstances, encouraging investors to remain optimistic. Crypto Traders Are Rushing to This App – Here’s Why You Should Too

“Bitcoin reached $69,000 in 2021:

– Interest rates were NEAR zero.

– Spot ETFs were not approved in the United States.

– No institutions/public companies were purchasing bitcoin (except MSTR).

– No countries, aside from El Salvador, were considering Bitcoin as a reserve asset.

In the current cycle, all these catalysts are present. Moreover, there is a possibility of interest rate cuts in September. Imagine what could happen in this cycle.”

To better understand the current conditions, the recent announcement of an integration between JPMorgan and Coinbase should be considered. Reflecting on times when big banks closed accounts belonging to crypto companies, or even refused to open them, today signifies a remarkable shift. Scott Melker highlights this notable development.

“The agreement between JPMorgan and Coinbase is noteworthy, especially regarding the use of credit card points.

Through JPMorgan’s secure API, Chase customers can seamlessly connect their bank accounts to Coinbase wallets. Chase customers can transfer their Chase Ultimate Rewards points to Coinbase accounts at a one-to-one ratio (100 points equal $1.00). This marks the first time a major credit card rewards program is used to fund a crypto wallet.

For the first time, customers can deposit to Coinbase accounts with Chase credit cards.”

POPCAT Coin Commentary

Recent declines have presented buying opportunities for some altcoins. Efloud notes that the testing of the red zone for POPCAT has triggered alarms, which he capitalized on. However, adhering to a short-term trade strategy, Efloud executed sales amid a roughly 1% rise due to the uncertain environment Fed policy has created. A key point in The Graph is 0.3215, from which new upward reactions might occur.

In a contrary scenario, lower wicks extending to $0.265 are possible. The preferred scenario for the analyst involves a cycle of a low, a deeper low, followed by a higher low after a peak, which will be the start of an upward trend.

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