Cryptos Lower, Bitcoin Falls From Three-Week High By Investing.com



© Reuters. Bitcoin fell on Tuesday.

Investing.com – Cryptocurrencies were mostly lower on Tuesday, as fell from a three-week high.

Bitcoin fell 2.14% to $6,701.20 on the Bitfinex exchange as of 8:42 AM ET (12:42 GMT) after surging to a three-week high of $7,262.40 on Monday.

Cryptocurrencies overall were lower, with the otal coin market capitalization at $211 billion at the time of writing, compared to a peak of $221 billion on Monday.

,or Ether, decreased 2.70% to $213.51 and was at $56.074, down 1.41%, while inched up 0.04% to $0.46656.

Tether recovered from its slump on Monday, as investors remain worried about the coin that the company claims is backed by one U.S. dollar. rose 3.16% to 0.95681 after falling to as low as 0.87934 during the prior session.

Meanwhile, Fidelity Investments has launched a new company to help institutional clients trade and store digital assets, the asset manager said on Monday.

The company, called Fidelity Digital Asset Services, will buy and sell virtual coins on behalf of its clients.

“Our goal is to make digitally-native assets, such as bitcoin, more accessible to investors,” Abigail Johnson, chairman and chief executive of Fidelity Investments, said in a statement.

In other news, U.S.-based Coinbase, one of the biggest cryptocurrency exchanges globally, is expanding its newly-opened Dublin office, which will allow it sell to EU markets after Brexit.

“It ticks a lot of boxes, ranging from giving us a contingency, helping us plan for all eventualities for Brexit and engaging with Europe through another base,” UK Chief Executive Officer Zeeshan Feroz told Reuters in an interview.

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