Bitcoin soared nearly 10% on Monday, after five straight days of losses, on reports that JPMorgan Chase (JPM.N) is planning to offer a managed bitcoin fund.
The cryptocurrency had slumped almost a fifth from its all-time high hit earlier this month.
It was last up 9.5% at $53,792.0 after touching its lowest since early March on Sunday. Other major coins ethereum and XRP , which tend to move in tandem with bitcoin, were up around 7.7% and 20.4% respectively.
JPMorgan is preparing to let certain clients invest in an actively managed bitcoin fund for the first time, CoinDesk reported on Monday.
Reference: Reuters
Thai
Eng