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Banking Giant Fidelity Favors Bitcoin Technology -Breaking

by Mike Robinson

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© Reuters. Bitcoin Technology is Favored By Banking Goliath Fidelity
    • Fidelity, a banking giant, invests in technology.
    • Bitcoin transactions below $40k

Wild market volatility continues in the crypto space, which has caused crypto assets to lose their upward trend position. Some digital assets are strong in the face of the bearish market, despite this. Bitcoin is one cryptocurrency that continues to defy the bearish markets. Private companies like Fidelity are now interested in Bitcoin. Bitcoin Magazine reacted in a tweet.

Fidelity, a bank giant, expressed its views regarding Bitcoin in a tweet. “ Bitcoin should be considered separately from other digital assets.” The tweet gathered different emotions and reactions across the Twitter (NYSE:) community. It is a topic that some people are optimistic about, while others disagree.

Fidelity posted their knowledge about Bitcoin technology on its own website. One example is that Bitcoin is fundamentally distinct from all other digital assets. Therefore, it should be understood more as a financial good than other projects.

Bitcoin trades for a reasonable price at below $40k and has experienced a +7.6% increase in value over the past seven days. The market capitalization for Bitcoin is over $700 billion, with a daily volume trading of $16 billion. Bitcoin was the first crypto asset to be ranked number one in this space due to its market performance.

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