In a late November research note, JPMorgan outlined a long-term price target of $240,000 for Bitcoin.

Bitcoin BTC $90,118.54, the leading cryptocurrency by market value, is down following the overnight Fed rate cut. The reason likely lies in the Fed's messaging, which has made traders less excited about future easing.

If approved, the Nicholas Bitcoin and Treasuries AfterDark ETF would buy and sell bitcoin-linked financial instruments outside U.S. trading hours.

As of 24 hours ago, Bitcoin was trading around $92,450 per token, sinking to an intraday low of around $89,420 at 11:15 a.m. ET, before rallying to a 24-hour high of almost exactly $93,000 per token as of 4:30 p.m. ET. That's good for a trough-to-peak move of 4.3% today.

PNC Bank is now the first major U.S. bank to offer eligible Private Bank clients direct bitcoin trading through its platform, powered by Coinbase’s infrastructure.

US banking giant PNC Bank has launched direct Bitcoin BTC $91 217 24h volatility: 1.1% Market cap: $1.82 T Vol. 24h: $53.02 B trading for qualified institutional clients, making it the first major US-based banking firm to do so.

Bitcoin options are showing that traders are betting that the largest cryptocurrency will remain mired in its current trading range in the wake of the fourth-quarter downturn that has cut more than $1 trillion in value from the digital asset market.

Crypto trading volume on Robinhood stood at $28.6 billion in November, down 12% month-over-month (MoM). Equity trading volume on Robinhood fell 37% MoM to $202 billion in November.