The latest quarterly report from Fidelity Digital Assets (FDA) Research reveals key insights into the bitcoin and ethereum markets as of Q1 2024. With a detailed analysis of market conditions and future outlooks, FDA's research report provides several predictions for short and long-term trends.
Fidelity Digital Assets, a leading issuer of spot Bitcoin ETFs in the US, has revised its medium-term outlook on Bitcoin from positive to neutral.
Fidelity continues to have a "neutral" outlook for Bitcoin stating that BTC is fairly priced with on-chain indicators also showing strength.
On April 22, Fidelity Digital Assets released its Q1 2024 Signals Report, providing valuable insights into the performance and dynamics of the two largest cryptocurrencies, Bitcoin and Ethereum. The report highlights the significant impact of Bitcoin's 2024 halving and Ethereum's Deneb-Cancun upgrade on their respective networks and the broader cryptocurrency market.
Fidelity Digital Assets maintained its positive short-term outlook for Bitcoin following the first quarter but revised its medium-term outlook based on several metrics.
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