Will Fidelity's Impending Bitcoin Custody Launch Turn the Crypto Market Bullish?

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Will Fidelity's Impending Bitcoin Custody Launch Turn the Crypto Market Bullish?

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

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