BTC Tops $68k as JPMorgan Shows Interest in Prediction Markets
Bitcoin (BTC) topped $68k as the crypto market reacted positively after JP Morgan signalled interest in prediction markets. BTC trading volume remained tight, down 15% to $36 billion over 24 hours, according to data from crypto exchanges.
Middle East tensions and weak global macro continue to drag cryptocurrency, while some countries are rising against the use of crypto donations to finance elections.
Boosting the price surge, MicroStrategy (MSTR) disclosed in an 8-K filing that it purchased zero BTC for the week ending March 29, 2026, ending a 13-week streak of consistent accumulation.
The company also paused its at-the-market (ATM) share sales, its primary funding mechanism for Bitcoin purchases. Despite this, MSTR stock rebounded nearly 6%, partly due to the removal of share dilution pressure. This is a neutral-to-cautious signal for Bitcoin’s near-term price.
The pause may reflect a tactical wait for better prices or funding, not a shift in long-term strategy. However, it removes a predictable source of institutional demand that had been supporting sentiment during recent weakness.
In a latest development, CEO Jamie Dimon stated JPMorgan Chase is considering entering prediction markets, a sector where crypto-native firms like Coinbase are already active.
This follows Goldman Sachs CEO David Solomon revealing his team is exploring the space after meetings with leading platforms Polymarket and Kalshi.
Dimon revealed that his bank is considering offering prediction market services to its customers.
“It’s possible one day we’ll do something like that,” Dimon said in an interview with “CBS Evening News” anchor Tony Dokoupil, speaking about services such as Kalshi and Polymarket, which allow people to make bets on everything from the outcomes of sporting events to elections.
Dimon added, “We’re not gonna be in sports. We’re not gonna be in politics. There’s a bunch of stuff we won’t do. And obviously, we have strict rules around insider information.”
Dokoupil asked: Is a prediction market more like gambling, or is it more like investing?
“I think for the most part, it’s more like gambling,” Dimon said. “But there are areas where you could say, ‘No, it’s investing.’ You are deeply knowledgeable. You’re taking the other side of a bet. And you think … you know better than the other person.”
Dimon said he’s generally not against gambling. “People have been gambling forever … every country I’ve ever been in, people gamble,” he said.
“I’m against it if it’s an addiction that ruins your life type thing,” he said. “I’m a little bit of a libertarian. You have the right to do what you want, the way you want. You know, just take care of yourself.”
The move highlights major banks’ growing interest in blockchain-based speculative markets. This is bullish for the broader crypto ecosystem, as it signals deepening institutional validation of blockchain applications.
For Bitcoin, it indirectly supports the infrastructure and liquidity networks that major digital assets rely on, reinforcing crypto’s integration into mainstream finance. SIREN Gains 127% on Intense Social Media Hype
