Bitcoin, ethereum and other major cryptocurrencies have swung wildly this week as the crypto market undergoes a radical shift—sparking a game-changing warning.
The bitcoin price crashed under $20,000 per bitcoin as traders brace for a Federal Reserve bombshell while the ethereum price has lost almost 20% in the aftermath of its long-awaited upgrade (which some think could play havoc with crypto market dynamics). Other top ten cryptocurrencies, including BNB, XRP, solana, cardano and dogecoin, have also lost ground as regulators circle the crypto market.
Now, after the world’s largest asset manager Blackrock “opened the floodgates for institutions to access bitcoin,” reports have emerged that investment giant Fidelity is weighing offering bitcoin trading services to its 34.4 million retail investor base.
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Bitcoin was this week rocked by news $10 trillion asset manager Fidelity is gearing up to offer … [+]
Fidelity Investments, which boasts $9.9 trillion in assets under administration as of June this year and began mining bitcoin as far back as 2015, is considering opening up the bitcoin and crypto market to its 34.4 million brokerage accounts, it was reported by the Wall Street Journal this week.
“After one domino falls, the rest will come. This is exactly the type of confirmation that asset managers need to enter the crypto space themselves,” Marcus Sotiriou, an analyst at London-based digital asset broker GlobalBlock, said in emailed comments, adding the move shows…
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