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Bitcoinsensus
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Fidelity Bought $21.7M Ethereum, Selling Bitcoin
- Fidelity bought $21.7M Ethereum, selling Bitcoin.
- This could indicate a shift in strategy.
- Ethereum has more uses in DeFi and this could be a new priority.
- The purchase of Ethereum by Fidelity may signal a prioritization of the cryptocurrency with crucial practical value in DeFi, potentially leading to a liquidity spillover from Bitcoin.
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