Investing.com – Cryptocurrencies were mostly lower on Tuesday, as Bitcoin 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.

Ethereum,or Ether, decreased 2.70% to $213.51 and Litecoin was at $56.074, down 1.41% while XRP 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. USDT/USD 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 LLC 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.

Like this: Like Loading...