Is bitcoin ready to break the $90000 mark?

After hitting an all-time high (ATH) of $108,130 on December 17, #bitcoin (BTC) came under heavy selling pressure; it fell to $92,810 on December 20 before quickly recovering. However, the #cryptocurrency struggled to regain the $100,000 mark.
January 7, #BTC #rose to $102,250. Since then, bitcoin has steadily traded at prices close to $BTC January 13, the major digital asset experienced a significant drop, falling from a high of $95,900 to $90,820 at the time of publication.
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BTC has lost 4.94% in value since the beginning of the year
Big Despite expectations, it seems unlikely that the price of bitcoin will fall below $9,000. Recent macroeconomic trends may provide a clue:
Despite the expected slowdown, recent data points to a strong recovery in the US labor market, with more than 250,000 jobs created in the last month of 2024. On the face of it, this is good news, but consistently strong labor markets usually cause inflation, and preventing this scenario is likely to be a priority for the incoming Trump administration.
B What are the main mechanisms keeping inflation in check? High interest rates. And valuations are also bearish. For example, Barclays expects the Fed to cut rates by 25 basis points this year.
Given that interest rates are likely to remain higher than originally expected, it's not surprising that the air is getting out of the bull race.
However, market dynamics should not be ignored. NOT. Many investors and traders support BTC, and with the long-term correction continuing, it is reasonable to lock in profits and wait for new long positions at more attractive prices.
Is the BTC bull market over?
recent developments look quite bearish, however, many analysts maintain an optimistic outlook.

Read us at: Compass Investments

AAVE shares have fallen 20.52% over the past month. Analysts predicted that the stock could fall as low as $203 amid rising sales.

After hitting $361 a week ago, #AAVE [AAVE] shares have struggled to maintain upward momentum. It has been doing just that. At the same time, the altcoin fell to a low of $BTC At the time of writing, AAVE was trading at $282, which represents a 2.61% drop on the daily chart. The altcoin also fell 17.17% and 20.52% on the weekly and monthly charts, respectively.
recent market conditions have caused analysts to be pessimistic and predict further declines. Popular #cryptocurrency market analyst Ali Martinez suggested a possible drop to $203, citing sell signals.
In his analysis, Martinez noted that the TD Sequential Indicator gave a sell signal for AAVE on the weekly chart.
According to Martinez, this signal indicates a possible drop to USD 264 or even USD 203.
A TD Sequential sell signal indicates that the uptrend is exhausted and a decline is possible.
Therefore, if sellers enter the market, it may intensify the decline. While the above analysis cautions holders, other market indicators should be checked.
the AAVE Relative Strength Index (RSI) has fallen to 41 since the bearish crossover, the decline continues. This confirms the strong selling pressure dominating the market.
Similarly, the advance-decline ratio (ADR) fell to a one-month low of 0.31. An ADR below 1 indicates that AAVE is falling rather than rising.
the altcoin has reached a new low and the Close reflects strong downward pressure.
Looking ahead, AAVE has seen a strong decline in network activity, which is reflected in the rising NVT ratio. The NVT ratio #rose to 1124, indicating that the altcoin has a high market value relative to trading activity. This indicates that #altcoins are overvalued relative to their usage.
This phenomenon is confirmed by the negative deviations of the DAA price. This reflects the possibility of a correction to real demand.

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Ambitious growth plans allow the ADA price to break the $0.98 barrier in the short term.

Most of the trackers monitoring the rate dynamics of this coin indicate the possibility of a sustained rebound. In the last 24 hours, Cardano's open interest #rose by 6.55% to reach 1.19 billion #ADA . This figure is equivalent to 1.15 billion U. S. dollars.
Cardano's volumes have also increased, overcoming the previous drop to reach US$1.34 billion, which is in line with the level of open interest.
Despite the market volatility, Cardano's main supporters are more focused on the practical aspects, updates and innovations related to this protocol are more focused on the practical aspects, updates and innovations related to this protocol are more focused on the practical aspects, updates and innovations related to this protocol. As previously reported by U. Today, #Cardano is expecting a major update to the Plomin #hard fork later this month, which will prepare the protocol for the transition to decentralized management.
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#CryptoNews

MicroStrategy plans to raise $2 billion, share price up 13%

MicroStrategy is planning a $2 billion IPO to buy more #bitcoin .
The company's share price #rose 13.22% to $339.66 on the news.
446,400 #BTC (worth $43.9 billion), up 57.2%.
As part of its $42 billion "21/21" fundraising strategy, #MicroStrategy (MSTR), the world's largest bitcoin holding company, announced plans to raise $2 billion in capital on January 4. The share price rose 13.22% after the announcement.
the indefinite preferred stock offering underscores the company's ongoing commitment to expanding its bitcoin holdings
the strategy continues to attract market attention and increase its value
the recently announced offering is a deliberate two-phase effort by the company. It is part of 21/21's deliberate, two-phase strategic plan.
These funds will be used to strengthen the company's balance sheet and deepen its bet on bitcoin.
As of Jan. 4, MicroStrategy owned 446,400 BTC, worth about $43.9 billion, according to Bitcoin Treasuries. The average bitcoin purchase price is $62,500 a piece, and the company has a 57.2 percent return on investment.
perpetual preferred stock has priority over common stock in the event of liquidation or bankruptcy.
the company refrains from giving details, but under favorable market conditions, this offer could take place now.
MicroStrategy's share price rose strongly again. Investors were enthusiastic about the announcement of the capital increase, and on January 4, the company's stock price rose 13.22% to $339.66 per share.
According to Yahoo Finance, the value of MSTR has increased by 395.75% over the past year. This far exceeds bitcoin's 122.21% rise.
This rise shows investor optimism about MicroStrategy's aggressive move into bitcoin, led by Chairman Michael Saylor.
Mr. Saylor was one of the investors in government bonds.

Read us at: Compass Investments
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