BlackRock CEO Advises Buying the Dip, Fidelity Says Bitcoin Is Fairly Priced, and XRP's Price Struggles
BlackRock CEO Larry Fink: Buy the Dip for Long-Term Gains
BlackRock CEO Larry Fink emphasized that long-term investors should capitalize on significant market dips. Despite anticipating market turbulence due to tariff tensions, Fink remains optimistic, foreseeing a tech-driven economic boom. He highlighted the U.S. tech advantage as a catalyst for stock market growth.
Fidelity: Bitcoin's Price Correction Aligns with Fair Value
Jurrien Timmer of Fidelity stated that Bitcoin's recent price correction has brought it to a fair valuation. Using the internet S-curve and wallet power curve, Timmer concluded that Bitcoin is neither overpriced nor underpriced. He attributed the correction to short-term investors, noting that Bitcoin's fundamentals remain strong.
XRP's Price Action: Trapped Between Key Levels
XRP is currently trading between its 50 and 100-day moving averages, with resistance at $2.71 and support at $2.30. Breaking above $2.71 could trigger an upward trend, while falling below $2.30 may lead to increased selling pressure. At press time, XRP is trading at $2.59, up 4.72% over 24 hours.
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