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Bitcoin Reclaims $40K, Dogecoin Soars 33% on Musk-Twitter News (Market Watch)
Bitcoin After marking a multi-week low at $38,000, bitcoin went on the offensive and reclaimed $40,000. The altcoins are also well in the green today, with Dogecoin stealing the show following a 33% surge after the Elon Musk-Twitter news. Bitcoin Bitcoin Reclaims $40K The bears had almost complete control over the market in the past several days. It all started on April 21 when the asset was rejected at $43,000 after a few days of price increases. In a matter of hours, the cryptocurrency dumped to $40,000 and even below that level on the following day. The situation worsened yesterday […]
Fidelity to Allow Investors to Add Bitcoin to Retirement 401(k) Accounts
In a first for a major company, one of the largest asset managers in the world – Fidelity Investments – will allow investors to add Bitcoin to their retirement 401(k) plans. Reports from earlier today revealed that Fidelity has stated that some of the 401(k) it administers plan to soon offer employees means of investing in Bitcoin through dedicated “digital asset accounts.” Fidelity Investment reportedly has $4.2 trillion worth of assets under management. Speaking on the matter was Dave Gray – the company’s head of workplace retirement offerings and platforms, who said: Fidelity believes that blockchain technology and digital assets […]
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