#BinanceAlphaAlert Very true one must not invest when it’s not in good financial condition | Syed Omer Hussain в Binance Square

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Syed Omer Hussain

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#BinanceAlphaAlert 
Very true one must not invest when it’s not in good financial condition 

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Syed Omer Hussain

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$SHIB is going bullish at the moment a possibility of pull back is certain if BTC revert to downward, enter the market for long with a sophisticated stop loss

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Ethereum (ETH) Just Lost Important Level

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$PENGU Token Price Soars 20% Amid Major Listing, Rally To Sustain? HIGHLIGHTS Bithumb lists PENGU in its KRW market, sparking significant investor attention. PENGU token price surges 18% after the listing announcement on the South Korean exchange. Pudgy Penguins gains traction as PENGU positions for wider adoption in the crypto market. One of South Korea’s largest crypto exchanges, Bithumb, has listed Pudgy Penguins on its platform. PENGU token price surged 20% following the listing announcement, reflecting increased investor interest amid major listings. The token has garnered significant traction due to its strong community support and recent market activities. Besides, this new listing positions PENGU token for greater adoption, especially within the Korean market, further fueling its ongoing rally. PENGU Token Price Soars After Bithumb Listing On December 24, Bithumb announced the addition of Pudgy Penguins (PENGU) token to its KRW market. Deposits and withdrawals for the Solana-based token opened two hours after the notice, with trading scheduled to commence at 5:00 PM KST. The base price was set at 43.89 KRW, aligning with its growing demand in the crypto space. To ensure secure trading, Bithumb implemented temporary restrictions on buy and sell orders. Buying orders were paused for the first five minutes after trading started. Similarly, selling orders were restricted to avoid drastic price movements, capped at -10% and +100% of the standard price during the initial trading phase. Meanwhile, deposits are exclusively supported through Bithumb-approved exchanges and the Solana network. Non-compliant deposits may face delays in processing or refunds, making adherence to Bithumb’s deposit policies crucial for users. Pudgy Penguins Rally To Continue? PENGU token price experienced a significant 20% surge, trading at $0.031. Its 24-hour low and high are $0.02573 and $0.03157 respectively. With a market capitalization of $1.96 billion and a trading volume of $581 million, the token is gaining significant attention. #MarketRebound

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#MicroStrategyInNasdaq100 MicroStrategy Joins Nasdaq 100 as Bitcoin Price Soars Correlation between MSTR and largest cryptocurrency has been strikingly strong MicroStrategy (MSTR.O) will join the Nasdaq-100 Index Dec. 23, following a sixfold surge in its stock this year, driven by its aggressive Bitcoin investments. Inclusion is expected to boost the stock as ETFs tied to the index purchase shares. The addition, announced after the market close on Friday, was anticipated by investors ahead of the index’s rebalancing. The company, now the largest corporate holder of Bitcoin, shifted its strategy in 2020 amid challenges in its software business. Analysts predict this milestone could pave the way for future inclusion in the S&P 500 by 2025. The Nasdaq-100 Index, which features 100 of the largest nonfinancial companies in the Nasdaq Composite, will add MicroStrategy (MSTR.O) Dec. 23. The inclusion will prompt ETFs like the Invesco QQQ Trust, managing $325 billion in assets, to purchase the stock automatically. The list of companies included in the index includes such big names as Apple, Nvidia, Amazon, Tesla, Alphabet, T-Mobile, Adobe, Cisco, Intuit.

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Elon Musk’s D.O.G.E is coming after the Federal Reserve as it scrambles to explain last week’s hawkish cut Elon Musk slammed the Federal Reserve, saying it’s “absurdly overstaffed,” while teaming up with Trump to cut $2 trillion in government spending. Trump mocked Jerome Powell’s job at the central bank, calling it the easiest gig ever, and promised to hold the central bank accountable. The Fed’s latest rate cut spooked markets, with major stock indexes dropping over 3% and Bitcoin tumbling, as inflation stays stubborn and rate cuts slow down. Elon Musk has set his sights on the Federal Reserve, calling it “absurdly overstaffed” in a post on X (formerly Twitter). The eccentric billionaire, soon to lead the Department of Government Efficiency (D.O.G.E.) under President Donald Trump, seems interested in picking apart the central bank. His comment came after the central bank announced a disappointing “hawkish rate cut,” leaving markets rattled and drawing sharp criticism from Trump. The Fed employs about 24,000 people across its 12 regional banks and the Board of Governors in Washington, a number Elon and Trump find excessive. Elon, alongside entrepreneur Vivek Ramaswamy, is leading Trump’s $2 trillion government efficiency overhaul. “We’re trimming the fat,” Trump said during his campaign. “No one gets to sit around collecting a paycheck for doing nothing — not even Jerome Powell.” Trump and Elon vs. the Fed and Powell The President has been gunning for the central bank since day one. He blames its monetary policy for holding back economic growth during his first term and has taken many direct jabs at Powell, the Fed Chair he appointed. “It’s the easiest job in government,” Trump has mocked. “You show up once a month, say something vague, and then leave the rest to chance.” Elon’s new role as one of Trump’s closest advisors is amplifying these attacks. With D.O.G.E., he plans to overhaul bloated institutions.

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