Financial Corporation Fidelity Investments, which manages $7.2 trillion, found that 36% of 774 large customers in the U.S. and Europe have added digital assets to their portfolio. It was reported by Bloomberg.
“The results confirm the trend towards increased interest and acceptance of digital assets as a new investment asset class,” Tom Jessup, president of Fidelity Digital Assets, says.
According to the study, the main barrier to wider acceptance of cryptocurrencies remains their volatility. In the US, the share of institutional investors, pension funds, family capital management companies, investment advisors, and hedge funds that have added cryptocurrencies to the arsenal of used financial instruments has increased from 22% to 27% over the past year. More than a quarter of respondents hold Bitcoin, and one in nine gives preference to Ethereum. In Europe, according to the survey, 150 out of 333 investors surveyed are involved in transactions with cryptocurrencies.
“Europe is probably the most supportive and disposable. It may also be due to the prevalence of negative interest rates. Investors prefer bitcoin as other assets do not generate income,” Jessup explained.
Bloomberg believes that the launch of custodial solutions aimed at institutional investors and prime brokers of companies such as BitGo and Genesis confirms his words.
Let us recall that in May, Fidelity Investments promised institutional clients to open the possibility of buying and selling bitcoins within a few weeks.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin was in the flat between $9,350-9850. Now, it is $9,730. In the future, we predict the exit of bitcoin from this price corridor. The nearest resistance levels are $9,850, $10,000, $10,250, $10,500, $11,000, $12,230. The nearest support levels are $9,600, $9,500, $9,400, $9,300, $9,200, $9,000, $8,600, $8,150, $7,900, $7,600, $7,500.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum was in the flat between $235-247. Now, it is $243. In the future, we predict the exit of ethereum from this price corridor. The nearest resistance levels are $246, $250, $257, $260, $270. The nearest support levels are $238, $235, $231, $226, $224, $218, $216, $212.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple was in the flat between $0.1950-0.2020. Now, the price of ripple is $0.2010. In the future, we predict the exit of ripple from this price corridor. The nearest resistance levels are $0.2020, $0.2060, $0.21, $0.2150, $0.22, $0.23, $0.2350. The nearest support levels are $0.2, $0.1950, $0.19, $0.1820.
