On April 7, according to foreign media reports, Fidelity Investment Group, square, an American mobile payment company, and coinbase, a cryptocurrency trading platform, will jointly set up a bitcoin trading group called crypto Council for innovation.

The group will lobby policy makers to support the emerging bitcoin and cryptocurrency industries in order to ensure that policy makers understand the importance of cryptocurrency innovation and create favorable regulatory conditions for the prosperity of the industry.

The group was founded at a time when the prices of many digital assets have soared, attracting new mainstream investors as well as banks and brokers serving them.

Among many cryptocurrencies, bitcoin is the one with the largest market value, which is famous for its price volatility. But in the past few days, bitcoin's volatility has fallen to its lowest level since November 2020, and its price has been between $55000 and $60000.

In recent months, several major catalysts have pushed the prices of bitcoin and Ethernet currency to a strong rebound and a record high. For example, PayPal, a payment company, and visa, an American payment technology company, have begun to actively support cryptocurrency.

According to foreign media, members of the cryptocurrency Innovation Council seem to pay special attention to bitcoin.

(2021-4-7)