Market updates on August 19
There were no major moves during the Asian trading session, however we have some events today, which may affect the sentiment in the market.
Bitcoin tries $6,000
On Tuesday, the cryptocurrency market was quite bullish in Asia, with Bitcoin trying to conquer another psychological crucial mark - $6,000 as well as Ethereum inching up by more than 10%.
The firm momentum of the number one crypto asset hasn’t died out yet. Bitcoin managed to tack on by up to 4.66% ending up with $5,964.3, hitting a five-month maximum, having bounced off a steep dip early in 2019. By the way, last time the most popular crypto asset hit the $6,000 mark in mid-November in 2018.
Backed by the same market sentiment, Ethereum managed to rally by about 10.27% concluding the trading session at $179.44. As for XRP, it surged by 2.37% ending up with $0.30578, while Litecoin headed north by approximately 6.79% reaching $77.524.
The overall market capitalization surged to $189 billion from yesterday‘s reading of $180 billion.
On Monday, it was informed that American investment company Fidelity is on the verge of launching Bitcoin trading for institutional customers in a few weeks’ time. The company’s crypto-focused spin-off, dubbed Fidelity Digital Assets, is going to provide this service.
As a matter of fact, Fidelity Digital Assets was started in October last year. Its major purpose was to provide over-the-counter trade execution and also order routing for Bitcoin early in 2019. In March, it got down to offering crypto custody.
Arlene Roberts, Fidelity spokeswoman told that they will keep rolling out their services in the near future based on their customers’ needs as well as other factors.
In addition to this, Warren Buffett, Berkshire Hathaway CEO dared to dub Bitcoin an empty seashell. He added that the most popular digital currency is just a gambling tool.
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
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