Fidelity 2. Quarterly Digital Asset Report Released
Fidelity Investments, one of the largest financial companies, announced yesterday that it will be the 2nd. Quarterly Digital Presence report. We see that the metrics used in the report, which is evaluated as Short-Medium-Long term, are also explained. In the report, the short, medium and long term outlook for Bitcoin is positive, while Ethereum’s short and long term outlook is positive, while the medium term outlook is neutral.
Inflows to Digital Asset Funds Continue
According to the digital asset funds money flow report shared by Coinshares, there was an inflow of 137 million dollars to the funds last week. Four in a row. week, while a total inflow of 742 million dollars was realized in this process. Interest in Bitcoin products was again very high, with inflows into Bitcoin assets totaling $140 million. While Ethereum has seen 2 million outflows in this process, Ethereum continues to be the asset with the most outflows since the beginning of the year.
Bitcoin Statement by US Presidential Candidate
US Presidential candidate Robert F. Kennedy Jr., who made the agenda last week with his Bitcoin approach and investments. He continues to make statements about Bitcoin. In his latest statement, he announced that US citizens will not be taxed on Bitcoin-Dollar transfers.
TUSD Lawsuit Filed Against Justin Sun
Justin Sun was sued by the CEO of Archblok for secretly buying TrueUSD and manipulating the market. Sun is alleged to have made the acquisitions using various organizations and individuals and to have deliberately concealed itself. TUSD is the 5th largest with a market capitalization of $2.7 billion. at stablecoin.
Open Source AI Project from Meta and Microsoft
Meta and Microsoft, two of the biggest technology companies, announced their artificial intelligence project called Llama 2. Llama 2, Meta’s open source language model, will be available on Microsoft’s Windows and cloud computing platform Azure. Llama 2 is trained with 40% general knowledge and can process twice as much context as Llama 1.
BITCOIN(BTC)
Bitcoin is priced at $ 30,101 with a 0.81% gain in value as of today morning hours. In Bitcoin, we see that the 29,500 level, which worked as support after the downward break of 29,800 yesterday, was tested, and with the return from here, we see that the $ 30,000 level was reached again. In Bitcoin, we see that pricing was negative until yesterday’s turnaround, but for now, with this rise, we see that we have returned to levels that we can call safe. On the bullish side, we can say that the target level is 30,500 and in case of a breakout, we can target the 31,000 and 31,400 regions.
ETHEREUM(ETH)
ETH, which gained 0.82% as of morning hours, is priced at $ 1912. In Ethereum, we see that after the return from the $ 1900 region, which is the channel mid-band in Ethereum, the price stuck at 1920 resistance and could not get rid of the horizontal movement in this range in the short-term evaluation. Pricing in Ethereum, which we expect to be more positively affected by Ripple news, has not yet reached the level we expect. In case of an upward breakout in Ethereum, we can say that the primary target is 1940.
