JPMorgan Chase has grown its Bitcoin-related holdings by 69%, reaching 964,322 USD from 595,326 USD last quarter. This includes 5,242 shares of BlackRock’s IBIT and a 208% increase in Fidelity FBTC holdings.

Bitcoin (BTC) trades at 96,257 USD with a daily volume of 50.39 billion USD, reflecting signs of recovery. Positive inflation data and resilient labor market also contribute to stabilizing Bitcoin prices.

Investors are now keeping a close eye on key price levels for Bitcoin, notably the 95,000 USD support and 98,000 USD resistance levels. This signals potential volatility ahead as institutional demand grows.