Bitcoin Hits Record; JPMorgan 'Open Minded' To Regulated Digital Cash

Bitcoin jumped nearly 10% to a record high on Thursday, breaking through the $5,000 barrier, while a top JPMorgan Chase (JPM) executive signaled openness to cryptocurrencies despite a hard line on Bitcoin from CEO Jamie Dimon.

XAutoplay: On | Off The price of the digital currency stood at $5,292.05 in late-morning trading. Just a few weeks ago, it was hovering around $3,000 amid regulatory crackdowns in China and South Korea, along with mixed assessments from some top U.S. financial...

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