{"id":239002,"date":"2024-01-31T18:08:14","date_gmt":"2024-01-31T12:38:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/ideal-btc-eth-sol-xrp-crypto-portfolio-rebalancing-after-fomc-report-crypto-news\/"},"modified":"2024-01-31T18:08:16","modified_gmt":"2024-01-31T12:38:16","slug":"ideal-btc-eth-sol-xrp-crypto-portfolio-rebalancing-after-fomc-report-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ideal-btc-eth-sol-xrp-crypto-portfolio-rebalancing-after-fomc-report-crypto-news\/","title":{"rendered":"Ideal BTC, ETH, SOL, XRP Crypto Portfolio Rebalancing After FOMC: Report – Crypto News"},"content":{"rendered":"

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Institutional crypto research firm 10x Research, founded by Matrixport\u2019s former head of research Markus Thielen<\/strong>, revealed its month-end consideration for Bitcoin (BTC) and crypto as investors await cues from the U.S. FOMC meeting and Federal Reserve Chair Jerome Powell\u2019s speech at FOMC press conference.<\/p>\n

Markus Thielen\u2019s Recommendation on Crypto & Bitcoin Holdings<\/strong><\/h2>\n

Markus Thielen, the analyst who predicted Bitcoin fall to $38,000, recommends portfolio rebalancing targeted to RIA, wealth managers, and other medium to long-term crypto investors for next month.<\/p>\n

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He capped each token at 20% for an ideal balanced portfolio and recommends Bitcoin 20%, Ethereum 20%, BNB 9.3%, Solana 9.2%, XRP 7.9%, Cardano 7.2%, Avalanche 6.8%, Tron 6.6%, Chainlink 6.5%, and Polkadot 6.5%. This diversified strategy has performed similar to Bitcoin\u2019s return in the last 12 months. Bitcoin has rallied over 150% in the last 12 months.<\/p>\n

In the last 24 hours, Bitcoin accounts for 41% of trading volumes and Ethereum 18%. Overall, Bitcoin dominance has remained above 51%. Thus, it is too early to call a sustainable shift to altcoin rally. Bitcoin and Ethereum are only up +1% and +2%. TIA +58%, BLUR +35%, ASTR +31%, and SEI +24% are leading this year, while APT -36%, LUNC -30%, ALGO -27%, and BSV -27% are declining.<\/p>\n

As per the report<\/a>, BlackRock and Fidelity ETFs witnessed the most inflows, but both recorded only traded $651 million per day (combined volume) against Bitcoin\u2019s overall volume of $23 billion. This has surprised market participants. Many even considered Grayscale\u2019s GBTC outflows for Bitcoin\u2019s correction from 44,000 to 38,500.<\/p>\n

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Bitcoin Price Prediction After FOMC<\/h2>\n

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Markus Thielen predicted an upcoming Bitcoin (BTC) price rally<\/a> as wave 5 begins. He forecasts BTC price reclaiming 50,000 level by the end of this quarter.<\/p>\n

However, Thielen says BTC price will continue to consolidate for a few days before starting to rally towards $50,000. He suggested buying Bitcoin above $43,000, despite the minor resistance at $43,000-44,000 range.<\/p>\n

Popular trader Michael van de Poppe<\/strong> expecting a range-bound trend between $38-48K. A slight pre-halving rally to $48K seems likely after a correction in the short-term.<\/p>\n

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BTC price<\/a> fell over 2% in the past 24 hours, with the price currently trading at $42,576. The 24-hour low and high are $42,356 and $43,838, respectively.<\/p>\n

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