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Fidelity Research Suggests Institutional Investment will Increase Over Next 5 Years

Over the next five years, institutional investment in cryptocurrency is expected to increase according to recent research from Fidelity Investments. Fidelity has surveyed more than 440 institutional investors including pensions, hedge funds and endowments to see their investment outlook for Bitcoin and other cryptocurrencies. The world’s fifth-biggest asset manager, Fidelity has $2.5 trillion in assets under management. Yesterday, (May 2nd) the firm released research which surveyed 441 institutional investors from the United States in order to see how they view cryptocurrency. Investment If we look at the results of the survey, we can see that 22 percent of the respondents...

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Ethereum (ETH) Runs Into Strong Resistance Zone, Sharp Pullback Likely

Ethereum (ETH) has just run into a confluence of strong resistance zones. The price has now tested a strong trend line resistance and faced a rejection at it. ETH/USD has now retraced below the 38.2% Fib extension level. If the price closely below this level, we could see a bearish follow up in the days and weeks ahead as ETH/USD has now tested the trend line resistance and is ready to decline to the bottom of the descending triangle. The price would be at risk of breaking both the rising wedge as well as the descending triangle during the next...

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Weekly Roundup: Exciting DOGE, XRP & LTC News

It’s been another exciting week for the cryptocurrency space. A lot of news came out this week but we’re going to go through some of the best that it had to offer. So today, we’re going to go through the Dogecoin support that was recently announced for the Coinbase wallet. On top of this, we’re going to look at the recent partnership Ripple has made and what the creator of Litecoin, Charlie Lee had to say on the LTC project. Coinbase & Dogecoin One of the biggest cryptocurrency exchanges in the world, Coinbase announced earlier in the week that the...

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More Info Shared on Bitfinex’s $1 Billion Token Sale

It is believed that the Bitfinex exchange, which has been under fire recently following the Tether scandal, might be moving to raise as much as $1 billion through a token sale over the next week. A Bitfinex shareholder has recently posted on the popular WeChat platform that individuals interested in participating should reach out to either him or the DFund group that he founded. Now, there will be a minimum buy-in of $1 million with an overall supply of one billion tokens according to the shareholder, Zhao Dong. He then further claimed that $500 million has already been subscribed. “Only...

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Bitcoin (BTC) Finally Touches $5,800, What Happens Next?

Bitcoin (BTC) has finally touched the $5,800 mark. The price retraced strongly after barely climbing above the mark but it can be said to have tested market structure now. That being said, we can still expect this rally to go further but there does not seem to be much room for that. It is alarming though that the number of margined shorts for BTC/USD still remains too high. That opens up the possibility of a short squeeze, but needless to say the price is due for a major decline in the grand scheme of things. Chasing the price at this...

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