The bitcoin price on Wednesday recovered as much as 2.45 percent after reports indicated that Fidelity would launch its crypto custody service as soon as March. Fidelity Crypto Launch Brings out the Bulls At 18:00 UTC, the bitcoin-US dollar exchange rate (BTC/USD) was trading at $ 3,443 on crypto exchange Coinbase, down 0.6 percent from its intraday high at $ 3,459. Earlier today, the market had opened at a lower rate at $ 3,337 during the Asian session, while trending lower inside a descending channel formation. The positive sentiment kicked in after Fidelity Investments, a renowned capital management firm, announced that it would launch
Everything, almost literally everything, is down this year just in time for Christmas. The DOW, NASDAQ, S&P 500, and the majority of the crypto markets are all bleeding out day after day, with Bitcoin seeming to be walking down the stairs back to $ 3,000 and some analysts predicting sub-$ 2000 levels in the near future. In
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One of these competitors, Innosilicon, now claims to have a new ASIC miner for bitcoin in the works that will outperform any current hardware in speed, profitability and efficiency.
Speaking to Bitcoin Magazine, an Innosilicon representative, who asked to remain anonymous, said its upcoming ASIC, the Terminator3 (T3), “has been in development since February of this year.”