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Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional
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Bitcoin’s (BTC) future may “stand in stark contrast to the rest of the world,” asset manager Fidelity Investments predicts.In a recent research piece, “The Rising Dollar and Bitcoin,” released Oct. 10, Fidelity Digital Assets, the firm’s crypto subsidiary, drew a line between Bitcoin and other currencies.Bitcoin “does not correspond to
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Bitcoin (BTC) dipped below $39,000 on Aug. 2 in what traders had long predicted would be a necessary reaction to recent gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin needs to hold mid-$30,000 zoneData from Cryptox Markets Pro and TradingView showed BTC/USD hitting local lows of $38,915 on Bitstamp Monday.After a successful
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You know things are weird when bitcoin is getting less volatile and stocks aren’t.After surging about a month ago during a frantic sell-off, the 30-day volatility of daily returns from the leading cryptocurrency has dropped in recent days, and is almost back to where it was before the panic started
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