Bitcoin Rebounds Near $70K, Charles Schwab To Launch Direct Trading
Why it matters: Retail investors gain instant crypto access via Schwab, potentially adding $5‑$10 billion in trading volume this year.
- Bitcoin climbs to just under $70k, rebounding from a recent dip (per market data sources).
- Charles Schwab will launch direct cryptocurrency trading for its retail clients, joining peers like Fidelity and Robinhood (per Schwab press release).
- Analysts link the price bounce to pending Spot Bitcoin ETF approvals and inflows, while some caution volatility remains high (per Bloomberg and Reuters).
Bitcoin surged back toward $70,000 as renewed investor optimism and pending ETF approvals lift sentiment, while Charles Schwab announced it will let clients trade crypto directly, marking a major brokerage entry into digital assets.
