Ideal BTC, ETH, SOL, XRP Crypto Portfolio Rebalancing After FOMC: Report (2024)

Institutional crypto research firm 10x Research, founded by Matrixport’s former head of research Markus Thielen, 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’s speech at FOMC press conference.

Markus Thielen’s Recommendation on Crypto & Bitcoin Holdings

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.

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’s return in the last 12 months. Bitcoin has rallied over 150% in the last 12 months.

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.

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

Bitcoin Price Prediction After FOMC

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

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.

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

BTC price 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.

Also Read:

• Crypto Market Selloff: BTC, ETH, SOL, XRP, ADA Retreat Ahead Of FOMC
• Binance To List Solana-Based Jupiter As Trading Volume Hits $630 Mln