This week felt like the beginning of a new era as the old guard of the finance world shared glimpses into their long-term crypto views.
For many crypto investors, this week felt like the beginning of a new era – and ironically, it was driven by the old guard of financial institutions. Bitcoin ended the week up 17.1% at $30,864.67, according to Coin Metrics, for its best week since March 17. At one point on Friday, bitcoin rose to as much as $31,412.72 , its highest level since June 8, 2022. In altcoins: the tokens tied to Solana and Cardano gained roughly 12% this week, while Polygon advanced more than 13%, as of Friday evening.
CM=5D mountain Bitcoin this week Meanwhile, an institutional-only crypto exchange called EDX Markets, backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities, announced that it has gone live with bitcoin and ether trading. And finally, JPMorgan confirmed to CNBC's "Crypto World" that it began allowing euro-denominated payments for corporate clients to make wholesale payments using its JPM Coin .
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