Fidelity Report Signals Digital Asset Recovery .. PYMNTS.com ...Middle East

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Fidelity Report Signals Digital Asset Recovery .. PYMNTS.com

The digital assets market may be about to stabilize, Fidelity Digital Assets said in a report published Monday (April 27).

Fidelity Digital Assets Research found that bitcoin continues to anchor market resilience as capital remains concentrated in that asset; momentum and profitability indicators signal an ongoing corrective phase that suggests the market is stabilizing; and network activity increasingly diverges from price, especially on ethereum and solana, which highlights sustained utility at the protocol level.

    “Together, these signals point to a market still in repair — but one where structural conditions may be evolving in ways not yet reflected in price,” Fidelity Digital Assets Research said in its executive summary of the report.

    It was reported April 20 that Deutsche Bank analysts said crypto prices have been stabilizing following a tempestuous start to the year, with bitcoin up 9% in March, though still down more than 20% year to date and far below its late-2025 record of over $120,000.

    The bank found that the recovery is uneven, with factors like higher interest rates and inflation driven by energy prices weighing on the crypto market.

    The Deutsche Bank survey also found that cryptocurrency adoption in the United States was enjoying a cautious recovery, with participation among retail users rising from 7% to 12% between February and March.

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    The survey also found a resurgence in bitcoin exchange-traded funds (ETFs) in March, with net inflows of about $1.3 billion signaling renewed institutional demand after a weak start to the year.

    “After steadily declining since July 2025, U.S. crypto adoption rates recovered in March,” analysts wrote in the bank’s report.

    PYMNTS reported in November that through mid-October, bitcoin set successive records near $125,000 before losing more than $40,000 in roughly six weeks. With prices in the low-$80,000 range at the time of that report, about a third of bitcoin’s market value had been wiped out and the token had seen the steepest drawdown since the previous year’s bull run began.

    In March, it was reported that retail investors were leaving the cryptocurrency sector, with the speculative demand that once centered around crypto having shifted into stocks.

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