Important information came from Mike Novogratz, who invested in this cryptocurrency before the Terra LUNA system collapsed, and even announced that he had a LUNA tattoo at the Bitcoin conference held in Miami in early April.
Galaxy Digital founder, in his speech at a panel he attended, stated that he heard that asset management firm Fidelity is starting to provide crypto services to retail customers soon. “Fidelity will soon start providing crypto services to retail investors,” Novogartz said in a small bird’s ear. I hope this little bird is right.”
As it is known, Fidelity, which is one of the largest investment companies in the USA and also provides pension fund services, also known as 401(k), has also taken the step of separating it to Bitcoin to cover a maximum of 20 percent of this pension fund. Fidelity provides this service to companies, and companies invest in demanded pension funds by deducting salaries on behalf of their employees. Now, the employee will be able to invest 20 percent of the fund in Bitcoin. The US Department of Labor stated that it found this step of Fidelity dangerous and expressed its concerns.
How do cryptocurrencies act on the first day of the week?
While the first move of the week was on the upside during Asian trading hours, the ensuing sell-off caused cryptocurrencies to return to their opening levels. European trading hours were dominated by buyers and an upward momentum was seen throughout the day. Towards evening hours, the total market value stands at $1.07 trillion. The last 24-hour average trading volume continues to be high at $87 billion.
After testing $ 22,300 in the first hours of the day, Bitcoin (BTC) dropped to $ 21,600 with a quick return. It gained the $22,000 band again as buyers dominated the market in intraday transactions. Bitcoin, whose upward momentum slowed down before US trading hours, has a market value of $ 427 billion while maintaining its position. Bitcoin market dominance, on the other hand, entered the 41% band, rising two points from 38% levels with a sharp return, with the 10% increase in value seen last Friday.
While Ethereum moved sideways above $1,750 on the last day of the week, it moved with more sellers today. In the Ethereum market, where the buying volume has weakened, sales are mostly met at the support of $ 1,730. Ethereum, which has seen close to 2 percent loss in the last 24 hours, is now at the level of $ 1,750 and is negatively diverging from the top 10 cryptocurrencies.