Bitcoin price hit the $ 7,500 target; most cryptocurrencies recorded a slight increase
Most of the top 20 cryptocurrencies in the market have increased slightly when the Bitcoin price hit the $ 7,500 target again. And Tezos (XTZ) is the only coin in the top 20 decreases today.
The Bitcoin price soared, the cryptocurrency market flourished
Bitcoin price has risen 6.1% on the day, trading at $ 7,561. On the weekly chart, this coin has even increased by 6.5%. The recovery of the Bitcoin price gained traction on Sunday. The leading cryptocurrency in the market is still gaining momentum. That means Asian traders can wake up on Monday to see Bitcoin and a new high in December 2019.
Ether is currently the largest Altcoin, with a market capitalization of up to $ 14.6 billion. Opening the session, the price of Ethereum today is listed at $ 117.17. At the time AZCoin News made the post, the ETH price was hovering around $ 134.06, up nearly 6% on the day. However, the increase today has not been able to offset the 6% reduction corresponding to the past seven days.
XRP also currently has a capitalization of US $ 8.5 billion at press time. Data from CoinMarketCap shows that XRP has risen 2% in the last 24 hours and is currently priced at $ 0.196. On the weekly range, contrary to the coins mentioned above, XRP recorded a 10.55% decline.
In the top 20, the coin has the only two-digit increase, Tron (TRX), with an impressive 10.79%. Besides, Litecoin increased by 5.45%. Tezos, on the other hand, is the only coin in the top that recorded a decline of 1.67%.
At the time of writing, the total market capitalization of cryptocurrencies was $ 198 billion, up nearly 1% from the previous week.
Fidelity is launching cryptocurrency business in Europe
One of America’s largest financial services corporations, Fidelity, is preparing to enter the European market with a product aimed at digital assets. The branch called Fidelity Digital Assets has been operating in the US since last year, providing cryptocurrencies to institutional investors.
In 2018, Fidelity Investments Inc launched a new US-oriented business venture in cryptocurrency. It is called Fidelity Digital Assets Ltd, and it allows institutional investors to buy digital assets in a controlled manner, the same way they can invest in more traditional assets such as stocks and bonds.
Yesterday, the company officially announced that the same service would be provided in Europe. Institutional investors, such as hedge funds, modern family office management services, and market intermediaries, will be able to start using the Fidelity platform to buy and save digital asset storage.
According to the statement, some of the benefits they will receive include secure, compliant, and organizational-level storage solutions for Bitcoin and other digital assets.
Furthermore, Fidelity will provide a place for execution of transactions with multiple sources of liquidity and a team of expert customer service specialists to assist from the early stages to more complex topics such as strategy invest.
Fidelity is indeed one of the first major financial services companies that have started to adopt virtual currencies. Back in 2014, the company launched Blockchain Entrepreneur Incubator as part of the Fidelity Application Technology Center.
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