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Syed Omer Hussain
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Major liquidation shows in graph at 9600$
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Syed Omer Hussain
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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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#BTCNextMove BTC is dropping drastically, market is looking very bearish a hard pull down is coming forward
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Shiba Inu Price Crash To $0.000022 Plunges 43% Of Investors Into Losses The Shiba Inu price has crashed below $0.000022, declining by more than 20% in just one week. This massive crash has left 43% of SHIB investors facing losses. Moreover, the recent drop in the Shiba Inu price comes alongside a broader meme coin market decline, with top coins like Dogecoin, Pepe, and Bonk also experiencing a price crash. Investors In Loss As Shiba Inu Crashes Below $0.000022 The Shiba Inu price is struggling to maintain stability after experiencing devastating declines recently. The meme coin’s fall to $0.000020 has been a significant blow to its investors, marking one of the steepest declines in recent months. While many analysts had forecasted price surges for Shiba Inu, the meme coin has instead been shedding gains. This downturn has been heavily influenced by the broader bearish market conditions and the recent declines in Bitcoin, which continue to weigh on the entire crypto market. According to data from IntoTheBlock, 43% of Shiba Inu investors are at a loss, while only 53% have seen profits. Additionally, ITB’s on-chain signals indicate that Shiba Inu is mostly bearish, with key indicators like Net Network Growth, large transaction volume, and concentration in the negative. Shiba Inu is on a downward trajectory, losing 12.6% of its value in the past 24 hours. Over the last week, the doggy-themed meme coin plummeted by a staggering 25%, compounding its losses from the past month, when it recorded a 15% decline. Amidst the declining SHIB price, whales are also selling off their holdings rapidly. Blockchain wallet tracker LoonOnChain revealed on X (formerly Twitter) that an anonymous whale recently sold 250 billion SHIB valued at $6.05 million. The whale had initially spent $3,800 to buy 15.28 trillion SHIB as early as August 6, 2020, making gains of up to $109 million from his investment.
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Bitcoin Price Crash To $96,000: How Low Will BTC Go Before The Bottom Is In? The Bitcoin price movements in the past 24 hours have sent the entire crypto market into another state of disarray and liquidations. Particularly, Bitcoin has witnessed a price crash of about 5% in the past 24 hours, which has seen it breaking below the $100,000 psychological price threshold again. Although Bitcoin eventually seems to be finding support around $96,000, the leading cryptocurrency is nonetheless down by about 10% in the past three days. Interestingly, a technical analyst on the TradingView platform suggested that the Bitcoin decline is due to a broader trend in the investment markets, while also pointing to a potential price bottom during the current decline. Bitcoin Price Declining Between Support Zones In Fibonacci Retracement Levels Bitcoin’s current price action aligns closely with the Fibonacci retracement levels often used by traders to determine support and resistance. According to the TradingView analysis, the Bitcoin price is now within a retracement zone in the 4-hour timeframe between the 0.618 and 0.786 retracement levels from its recent all-time high of 108,135 which it achieved just three days ago. Related Reading: Dogecoin Price Action: What To Expect As The DOGE RSI Climbs To 90% Once Again Historically, this range has acted as a strong support zone where Bitcoin has demonstrated a tendency to bounce back. The analyst highlights that Bitcoin’s love of bouncing up at the 0.786 level suggests the cryptocurrency might find a temporary bottom near this range, which is situated just below the $95,000 price level. As stated earlier, the Bitcoin price found support at $96,000, but Fibonacci retracements suggest it could further continue on the downside. The analyst suggested it could go down to around $93,800 as an overshoot. Any move lower, however, could risk a more significant collapse.
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