The institutional buy-in through major banks and adjacent firms continues this week. Fidelity Digital is the company’s enterprise-grade solution for digital assets. In a recent story first broken by Bloomberg this week, crypto demand is leading the Fidelity division to expand staffing by roughly 70%. Fidelity Digital: Doubling Down The report cites an interview with…
Big companies, including SharpLink and BitMine, have purchased over $1.6B in Ethereum, signaling a rosy future for ERC-20 tokens like TOKEN6900. $ETH is up by over 18% since last month, following a massive influx of institutional and treasury-level investment. Signaling growing confidence in $ETH as a strategic asset, leading firms – including SharpLink, Bitmine Immersion…
Looking back at when derivatives products were launched for other asset classes may offer some insight as to what will happen to Bitcoin markets. Analysts have been doing just that and the results are extremely bullish on paper but there could be some differences with crypto assets. Bitcoin Futures Good or Bad? To draw comparison,…
The week is drawing to a close with Bitcoin back above $7,000 which keeps it consolidating as the bulls and bears battle it out. Long term trend lines are holding as is strong support but those are not the only reasons why the next bull run could be imminent.Bitcoin Holds Major SupportSince its big mid-week…