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BlackRock CEO Recommends Buying Big Dip If It Comes; Bitcoin No Longer Overpriced, Says Fidelity Exec; XRP Held Hostage by Two Levels: Crypto News Digest by U.Today
In recent news, Larry Fink, the CEO of BlackRock, has made a surprising statement. He recommends buying big dips if they come, which could be a massive opportunity for investors. Meanwhile, a Fidelity executive has also weighed in on the current state of the crypto market, stating that Bitcoin is no longer overpriced.
However, XRP’s price action remains stuck, held hostage by two critical levels. Let’s dive into these updates and explore what they mean for the future of the market.
BlackRock CEO Larry Fink recommends buying big dips
Larry Fink, the CEO of BlackRock, has made a bold statement that could have significant implications for investors. He suggests buying big dips if they come, which would involve purchasing assets at discounted prices during market downturns. This approach has been successful in the past and could be beneficial for those who are willing to take calculated risks.
Fidelity exec: Bitcoin no longer overpriced
In a related development, a Fidelity executive stated that Bitcoin is no longer overpriced. This comes as a significant change from their previous stance, indicating a shift in sentiment within the investment community. The price of XRP could have a direct impact on this decision, as it affects the overall market sentiment.
XRP stuck between two levels
Unfortunately for XRP holders, the coin remains stuck between two critical levels. If XRP fails to hold $2.30, it might lead to an increase in selling pressure and push the price down to $2.00 or even $1.82. On the other hand, a daily close above $2.71 could attract more buyers and pave the way for a long-term upward trend.
XRP is trading at $2.59, up 4.72% over the past 24 hours, per CoinMarketCap.
