Fidelity Analyst: Bitcoin Is Cheap — Ethereum Could Be Near Bottom
Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. “Ethereum could be close to a bottom,” he added. Fidelity’s Director on Bitcoin and Ether Price Outlook Jurrien Timmer, director of Global Macro in Fidelity Investments’ global asset allocation division, shared his bitcoin and ether price analysis in a series of tweets Friday. Timmer specializes in global macro strategy and active asset allocation. He joined Fidelity 27 years ago as a technical....
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On Monday, Jurrien Timmer, director of global macro at Fidelity, told his 56,000 Twitter followers his perspective on current bitcoin prices. “In my view, it looks like the bottom is in,” the Fidelity executive explained, sharing a BTC/USD chart. Fidelity’s Jurrien Timmer Attempts to Call Bitcoin’s Bottom In mid-April, bitcoin (BTC) prices touched an all-time high at $64,895 per coin and then plummeted to $30,066 per unit on May 19. The price of BTC has not fallen below the $30K threshold but a number of investors have speculated that it could. There’s been a....
The cryptocurrency market has been experiencing a major surge in interest surrounding Ethereum Spot ETFs and Fidelity Investments has joined the race with its newest filing. Fidelity Investments File For ETH Spot ETF American multinational financial service corporation, Fidelity Investments has decided to get actively involved in the ongoing Ethereum ETF mania. The mutual funds […]
A leaked email reveals that Fidelity Digital Assets will offer not only Bitcoin (BTC) but also Ethereum (ETH) to its institutional clients starting October 28. The email was reportedly sent to clients. Fidelity Digital Assets is part of one of the most well-known asset managers in the world, Fidelity Investments. The giant oversees assets under […]
Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained. Fidelity Expanding Crypto Services Fidelity Investments’ digital assets subsidiary, Fidelity Digital Assets, is expanding its services. Founded in 2018, Fidelity Digital Assets currently employs about 200 people. The company is looking to fill 110 new positions to focus on assets beyond....
According to the latest on-chain data, Ethereum appears to be entering a state of undervaluation, with the potential of rebounding to new highs. However, the question is — is it really time to buy ETH? ETH Could Drop Another 40% Before Bear Cycle Ends In a new Quicktake post on the CryptoQuant platform, crypto analyst Burak Kesmeci shared that Ethereum, the second-largest cryptocurrency by market cap, is starting to become relatively cheap. The relevant on-chain indicator in this observation is the MVRV (Market Value to Realized Value) ratio, an indicator that compares a coin’s market cap....