Fidelity Digital Assets Report: The short-term and long-term overall outlook for Bitcoin and Ethereum is optimistic
On February 8, Fidelity Digital Assets released a report stating that data shows an optimistic short-term and long-term overall outlook for Bitcoin and Ethereum by the end of the fourth quarter of 2023. By the end of 2023, Bitcoin had risen by 154% and had broken through many short-term and long-term indicators at the time of writing this report. The decrease in supply on trading platforms will be a key indicator to closely watch in 2024, highlighting the importance of other custody options such as self-custody or using regulated third-party custodians like Fidelity Digital Assets. Ethereum also showed positive price signals in the short term and growing on-chain indicators at the end of 2023. Overall, slowing growth in staked Ethereum, adoption of Layer 2, and continued use at base layer all indicate healthy development for Ethereum ecosystem in 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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