Bitcoin Stabilizes Around $6530 Levels After Early Week Gains-3.17

Today, the overall cryptocurrency market is witnessing soft trading with most of the cryptocurrencies showing minor movement. In the last 24-hours, the overall cryptocurrency market is relatively stable around $120.5 billion, according to the data on CoinMarketCap. Similarly, Bitcoin (BTC) is showing a soft movement and is currently trading 0.12% up at $6539.

Earlier this week, the announcement of Fidelity Asset Services shot the Bitcoin price up over $6900 levels. However, this momentum was short-lived with Bitcoin managing to end the day, October 15, at just over $6600 level. The entry of Financial Services giant Fidelity Investments is a big vote of confidence in the cryptocurrency market. The crypto exchange Fidelity Assets will provide cryptocurrency storage and trading services to institutional and enterprise clients.

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