© Reuters. Banking giant Fidelity promotes Bitcoin technology
- Banking giant Fidelity is looking at technology.
- Bitcoin is trading below $40,000.
The crypto space continues to experience wild market volatility which has taken crypto assets out of their bullish stance. Despite this scenario, some digital assets remain strong in the face of the bear market. Bitcoin is one of the cryptocurrencies is the space that continues to defy the bear market. As a result, Bitcoin is attracting the attention of private companies such as Fidelity. This caused Bitcoin Magazine to react in a tweet post,
BREAKING: “#Bitcoin should be considered separately from other digital assets.”- Banking giant Fidelity pic.twitter.com/qL3OqTVgcG
— Bitcoin Magazine (@BitcoinMagazine) January 31, 2022
The tweet outlined banking giant Fidelity’s views on Bitcoin. “Bitcoin should be considered separately from other digital assets.” The tweet garnered varying emotions and reactions across the Twitter community (NYSE:). Some are optimistic about it while others have different opinions.
Meanwhile, Fidelity has also published its understanding of Bitcoin technology on its own website. For example, they stated that Bitcoin is fundamentally different from any other digital asset, Bitcoin is best understood as a monetary good, and other non-Bitcoin projects should be evaluated from a different perspective than Bitcoin are some explanations they provide.
On the other hand, Bitcoin is trading at a decent price below $40,000 with a growth rate of +7.6% over the past 7 days. It has a market cap of over $700 billion and a 24-hour trading volume of over $16 billion. This market performance has made Bitcoin the number one crypto asset in the space.
Continue reading on CoinQuora
Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.