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Asset management firm Fidelity Investments is looking to increase its already growing digital asset division by 25%, or around 100 employees. Fidelity Investments, which currently has $4.5 trillion assets under management, is reportedly looking to appoint an additional 100 employees to increase the firm’s growing digital asset division – a very stark contrast with what most other firms are doing amid the ongoing bear market. A representative from Fidelity told Bloomberg that the firm is actively begun a new round of hiring, which when completed will bring the firm’s Digital Asset’s headcount to 500 employees by the end of Q1 of 2023. Currently, on Fidelity’s job board there are 74 openings for digital asset-related positions which cover blockchain, business analysis, finance and accounting, customer service, product development, and corporate services. Most openings are based in the U.S., with the majority in Fidelity’s headquarters in Boston, New York, Colorado, and Utah. The spokesperson told Bloomberg that the new roles would be situated in the U.S., the U.K., and Ireland. The current bear market has seen many firms lay off staff and others go completely bankrupt which makes it very easy for firms, that have the capacity, to sweep up talented professionals. Fidelity’s hiring spree comes as it expands its reach in the digital asset sector. In April, the firm announced that it would include Bitcoin in its portfolio of offerings. According to reports, the company will allow investors to put a Bitcoin account in their 401(K)s, making it the first major retirement plan provider to have such an offering. In September, the firm also hinted that it would be offering Bitcoin trading to its 34.4 million investors. While the company did not officially announce the move, the word is out that it is planning to offer Bitcoin trading services to its retail investor base. Fidelity revealed earlier in the month that its Ethereum Index Fund has raised $5 million in the first week and a half of its launch which started on September 26. The firm disclosed the information when it filed registration documents with the U.S. SEC. Fidelity announced that outside investors can also participate in the fund with a minimum investment of $50,000. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In this episode of NewsBTC’s daily technical analysis videos, we use the Fisher Transform and other tools to see how close Bitcoin is to putting an end to crypto winter. Take a look at the video below: VIDEO: Bitcoin Price (BTCUSD): October 24, 2022 Crypto Winter Bitcoin continues to be boring, but the theme of this video is all about what happens when the notoriously volatile cryptocurrency gets dull. All downside and no rallies makes Bitcoin a dull boy. Related Reading: Bitcoin Dominance To Regain Control Over Crypto? | BTC.D Analysis October 20, 2022 “Here’s Johnny:” What Happens When Bitcoin Becomes A Dull Boy The Bollinger Bands are getting even tighter, showing that explosiveness is coming soon enough and this ongoing lull is just the calm before the storm. Daily Bollinger Band Width is now at the lowest point since October 2020 right before the bull breakout in 2020. Prior to that, the bands got that tight just ahead of the collapse to the bear market bottom in 2018. On weekly timeframes, Bollinger Band Width is the tightest since the November 2018 breakdown, where Bitcoin dropped another 50% to its eventual bottom. All instances before that when the bands got this tight led to an enormous rally. The monthly timeframe shows a very unusual phenomenon. The Bollinger Bands are actually now expanding after being some of their tightest ever. Rising after such a lull in volatility has in the past always triggered a trendmous bull run. Is the third time the charm? The Bollinger Bands are some of the tightest ever | Source: BTCUSD on TradingView.com Related Reading: Is The Final Wave In Ethereum Up Next? | ETHUSD Analysis October 19, 2022 Why We Could Have Several More Weeks Of Crypto Winter After this weekend’s weekly close, Bitcoin bulls have now closed three full weeks with a confirmed bullish crossover on the LMACD. Compared to the 2018 bear market bottom, we would only be a week or so away from making a larger move upward. However, a comparison with the 2015 bear market bottom shows that although new lows might not arrive, there could be twice as long to wait before the bottom is confirmed as in and the range is left behind. Other possible signals on weekly timeframes that could suggest we’ve seen the bottom already, is that Heiken Ashi candles are starting to turn green.  How much longer will crypto winter last? | Source: BTCUSD on TradingView.com Related Reading: Bitcoin Price Action Falls Flat | BTCUSD Analysis October 18, 2022 Cyclical Timing Tools Suggest Spring Is Almost Here The two-week Fisher Transform has also started to flip bullish (pictured right). But it will take another 14 days to confirm the signal. The Fisher Transform is used to find major turning points in markets, but works best on the highest timeframes.  Moving to the monthly timeframe (pictured left), we can see that even here the Fisher has very little room left and if Bitcoin hands around here for another week or so, the monthly should begin to flatten, signaling a possible turnaround in price action. The Fisher Transform is based on a standard deviation formula, and with Bitcoin monthly at a -3.0 standard deviation, there is only a limited 0.1% chance the bear market will continue. Will the Fisher flip and confirm the bottom? | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com