The price of Bitcoin hit a new record high after the fall of the rainbow cryptoturko star-news.press/wp

Bitcoin has grown to a new record tall on Wednesday, surpassing the previous high hit that hit earlier this year.

Leading World Cryptoturrency hit the top From 109,359,59 dollars on Wednesday morning, according to the Dow Jones market. Her previous high water sign arrived on the day of the inauguration of the President Donald Trump in January.

Like many other cryptorous, Bitcoin suffered through an extended decline in months between, falling as much as $ 75,000 in March. His price continuously climbed from then and is 16% so far in May.

Rally comes as Crypto accepted the American regulatory bodies and the expanding financial world. JPMorgan Chase (Jpm) Director Jamie Dimon announced on Monday that his customers would soon be able to buy bitcoin via bank. JPMorgan’s Blockchain platform, Kinexys, have conducted a test transaction on a public blockade for the first time last week.

Tuesday, Senate voted for advancement Draft Law of Genius Act StableCoin, which would create the first regulatory framework for stems. Trump said he wanted a crypto regulation ready to sign at the time of Congress he takes his August recess.

To make the news especially notice for America’s bank (Bac): Bank’s Executive Director Brian Moynihan said in February that the bank of America would Issued by their stableCoin If the legal framework for this should be established.

In August, Morgan Stanley (MS) It started to enable its financial advisors to make certain funds for the exchange of Bitcoins traded in certain clients (ETF). Morgan Stanley Ceo Ted Pick told CNBC In January that the bank asks ways to get more involved in the crypto market.

Earlier this month, coin (Coin)The largest crypt exchange in the United States joined the S & P 500 inventory index, marking the great moment for the industry. The firm holds a Bitcoin reserve estimated to be worth $ 750,000, according to Co Ringecko. Tesla (Tsla) It is also a huge owner of Bitcoin, with an estimated $ 1.3 billion worth in his book.