Bitcoin crosses $70K as Wall Street gets more serious about crypto

The price of Bitcoin shot past $70, 000 recently, though it didn’t stay there for long. This jump happened as investors kept an eye on Washington, waiting to see if tensions in another part of the world might ease. A possible ceasefire in a long-standing conflict made people more optimistic about riskier investments, including U. S. stocks and Bitcoin. While Bitcoin was climbing, trading companies tied to cryptocurrency also saw their stock prices rise. Big names like Coinbase and Robinhood got a boost, showing that the market reacts fast to big financial news. Behind the scenes, major financial firms are quietly rolling out new ways for people to invest in Bitcoin and other digital currencies.Morgan Stanley, one of the biggest banks, just announced it will launch its own Bitcoin fund with lower fees than most others. This move suggests the bank wants to stand out in a crowded market where Bitcoin exchange-traded funds have been around since early 2024. Meanwhile, Charles Schwab, another financial giant, is preparing to let customers buy and sell Bitcoin and Ethereum directly through their accounts later this year. A few months back, Schwab’s leadership mentioned that nearly one-fifth of all Bitcoin ETF investments in the U. S. were held by their clients. This shows how much interest regular investors have in cryptocurrency. Even though Schwab had originally planned to add direct crypto trading by mid-2026, the company seems to be speeding things up now.