June 29 (Cointime) - Bitcoin and Ether experienced gains on Thursday in Hong Kong trading, as investor optimism remained high. Fidelity's upcoming submission of its own spot Bitcoin ETF application is viewed as a significant step towards legitimizing cryptocurrencies.
The total crypto market capitalization rose slightly to $1.17 trillion over the past 24 hours, while market volume decreased.
Kadan Stadelmann, CTO of Komodo, believes Fidelity's entry into the cryptocurrency market will attract more institutional money and increase adoption of cryptocurrencies by traditional financial institutions.
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