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Here are the top three news stories over the past day presented to you by U.Today.
BlackRock CEO: Buy big dip if it comes
On Tuesday, March 4, BlackRock CEO Larry Fink took part in the RBC Capital Markets Global Financial Institutions Conference 2025. During his conversation with CEO of RBC Dave MacKay, Fink recommended that investors buy a "big dip" if there is one this year. "For long term investors, if there’s a big dip, good, good time to buy," said the BlackRock CEO. Fink anticipates a turbulent year for the markets due to the tensions related to tariffs. Still, he keeps an optimistic outlook in the long term, predicting "a big economic boom" fueled by cutting-edge technologies like AI. Fink believes that the U.S. stock market will be pushed higher by the country's tech advantage over the next several years.
Fidelity: Bitcoin no longer overpriced
In a recent X post, Jurrien Timmer, the director of global macro at Fidelity Investments, shared his opinion on Bitcoin's recent correction. Timmer claimed that following the latest drop in the asset's price, it no longer appears to be overpriced. "When the price action gets noisy and volatile, it’s always good to return to the fundamentals of valuation," he wrote in his post. To determine the fair value of Bitcoin, Timmer used two approaches: the internet S-curve and the wallet power curve. Based on the results, Bitcoin appears to be "right in the middle" of the path, meaning that the asset is currently neither overpriced nor underpriced. As for BTC's recent price correction, Timmer attributed it to "tourists" who jumped on the Bitcoin train in late 2024, judging by changes in open interest and ETP flows. At press time, BTC is trading at $91,547, up less than 1% over the past 24 hours, per CoinMarketCap.
Yuri MolchanXRP stuck? Two levels hold asset hostage
Looking at XRP's price chart, it seems that the asset is somewhat caught in a tight range between the 50 and 100-day moving averages. The 50 EMA resistance is at $2.71, while XRP is trading around $2.50. If XRP manages to break above this level, it could trigger a move toward $3.00 and higher. The 100 EMA serves as key support and stands around $2.30. If XRP fails to hold this level, it might lead to an increase in selling pressure and push the price down to $2.00, or even $1.82. A daily close above $2.71 could attract more buyers and pave the way for a long-term upward trend. However, if XRP breaks below $2.30 after losing the 100 EMA, bearish momentum might take over and cause a deeper correction. At press time, XRP is changing hands at $2.59, up 4.72% over the past 24 hours, per CoinMarketCap.
Dan Burgin
Vladislav Sopov