The crypto and global stock markets have just experienced a shock after the U.S. Federal Reserve's (Fed) decision to cut interest rates by 25 basis points on Wednesday. Although this move was anticipated, signals indicating that interest rates will remain high for a long time have put significant pressure on the market.

Shock from the Fed and Market Reaction

• Bitcoin drops sharply: Following Chairman #Fed Jerome Powell's speech, Bitcoin lost 5% of its value, dropping to 100,000 USD.

The November U.S. elections have undeniably awoken #Bitcoin  from something of a summertime slumber as the world’s premier cryptocurrency recorded several sequential rallies to new all-time highs (ATH) – first to $99,000, then $104,000, and finally above $107,000.
The most recent rally – the one that led to BTC press time price of $107,146 – even countered the ‘Sunday pump-Monday dump’ narrative that has been forming as MicroStrategy (#Nasdaq : MSTR) increased its buying activity.
In total, Bitcoin is 151% in the green in the last 12 months, and has rallied 17.77% in the last 30 days

Despite the strong performance, new highs always bring the danger of subsequent stagnation and corrections, and though many expect even higher highs by the year’s end, Coindatacap elected to consult X’s #GrokAI on what could be expected of BTC on December 31, 2024.
Grok sets BTC price target for the year’s end
Grok was quick to assess Bitcoin’s overall position as favorable, noting high volume, strong upward momentum, non-trivial volatility, and the established fact of the cryptocurrency’s limited supply.

Using these facts – as well as technical factors such as rising short and long-term moving averages (MA) and BTC’s ability to break through previous resistances – the artificial intelligence (AI) model estimated $112,000 is a plausible goal for December 31. 

When asked why it opted for a relatively conservative target, Grok explained that the ecstatic momentum generated by breaking the psychological $100,000 level may be nearing exhaustion. At the same time, the exceptionally high prices could increase profit-taking among investors.
Ultimately, the AI stated it considers a continued upside – though somewhat lesser than observed in recent trading – a highly reasonable prediction for the remainder of 2024.

112,000 BTC by the New Year and $250,000 Bitcoin after?
While it would not be strange for Grok’s forecast to prove true – Bitcoin has managed multiple new highs, but with periods of consolidation and sideways trading between – in the last two weeks of 2024, it is noteworthy that the general expectation is that 2025 will bring an exceptionally strong bull market.
One of the most frequently shared price targets – it was shared by legendary Wall Street analysts like Tom Lee and long-standing BTC bulls like Robert Kiyosaki alike – stands at $250,000, indicating a high degree of confidence the coins rally will be akin to what was observed in 2024.
Still, some have gone even higher and one prominent #cryptocurrency lobbyist – Perianne Boring – estimated that Donald Trump’s promised crypto-friendly administration, paired with Bitcoin’s own merits, would lead to a rally to at least $800,000 before the end of 2025

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#BTCNewATH #Bitcoin110KNext?

MicroStrategy Secures Nasdaq-100 Inclusion after Bitcoin-fueled Stock Surge
MicroStrategy will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday, following a meteoric surge in the shares of the bitcoin buyer.
The change comes into effect before the market opens on Dec. 23, Nasdaq said.
Inclusion in the index typically boosts the stock's price, as exchange-traded funds looking to replicate the index's performance buy shares of the newly included firm, Reuters said.
Data analytics firm Palantir Technologies and Taser maker Axon Enterprise were added to the Nasdaq-100 Index along with MicroStrategy.
Gene-sequencing equipment maker Illumina, AI server maker Super Micro Computer and vaccine maker Moderna were removed, Nasdaq said.
MicroStrategy, an aggressive investor in the world's largest crypto asset, has seen its shares soar more than six-fold this year, taking its market value to almost $94 billion.
The company began buying and holding bitcoin in 2020 as revenue from its software business waned. It is now the largest corporate holder of the cryptocurrency.
Analysts have said MicroStrategy's decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which tends to align with the performance of the cryptocurrency.
Bernstein analysts expect the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion.
The brokerage also sees the company's prospects continuing to improve next year, adding it expects "more visibility and recognition beyond fresh ETF inflows," as a result of the Nasdaq-100 inclusion.
Bitcoin has rallied in recent weeks as US President-elect Donald Trump's victory heightened the crypto sector's hopes for easing regulatory roadblocks. Earlier this month, the digital asset catapulted above $100,000 for the first time.
"Management has shown no signs of slowing this (bitcoin-buying) down and are comfortable buying bitcoin in the $95K-$100K range," Bernstein analysts said.
The company held roughly 423,650 bitcoins bought for about $25.6 billion based on the average purchase price as of Dec. 8.
The investment is worth around $42.43 billion, based on bitcoin's previous close, according to Reuters calculations.
#NASDAQ #MicroStrategy #Bitcoin #cryptomarket #CryptoNews

MicroStrategy, the world's largest Bitcoin investment company, has just announced its latest purchase $BTC , raising the total number of BTC held to 439,000 BTC, equivalent to 46.6 billion USD at the current price.

Transaction details

• Amount purchased: 15,350 BTC.

• Purchase period: From December 9 to December 15.

• Total cost: Over 1.5 billion USD at an average price of 100,386 USD/BTC.

MicroStrategy and major advancements

MicroStrategy has now purchased Bitcoin for 6 consecutive weeks as demand for the company's stock (MSTR) has surged. #Nasdaq has also just announced that it will include MicroStrategy in the Nasdaq 100 - an index that includes the top 100 non-financial companies listed on Nasdaq. This will take effect on December 23.

MicroStrategy, a pioneer in investment strategy, has officially joined the Nasdaq 100, one of the most prestigious stock indices in the world. This is an important step, affirming the growing prominence of cryptocurrency in traditional finance.
MicroStrategy Joins the Elite Ranks
On Friday, the Nasdaq announced its annual updated list, confirming that MicroStrategy has become part of the Nasdaq 100, alongside major names like Apple, Tesla, Meta, Microsoft, and Amazon. MicroStrategy's MSTR stock immediately rose 0.57% in after-hours trading, now at $411.00, compared to the opening price of $400.07.

MicroStrategy’s MSTR Set for Nasdaq-100 Inclusion, Potentially Shaping Institutional Bitcoin Exposure
The cryptocurrency market is poised for a notable shift as MicroStrategy, led by CEO Michael Saylor, is set to join the prestigious Nasdaq-100 index.
This inclusion not only marks a significant moment for MicroStrategy but also reflects the growing acceptance of cryptocurrency within mainstream finance.
According to a statement from Nasdaq, “MicroStrategy has innovatively positioned itself at the crossroads of software development and digital asset investment, paving the way for broader institutional participation.”
MicroStrategy’s addition to the Nasdaq-100 signifies a pivotal moment for cryptocurrency, enhancing institutional interest and Bitcoin exposure across global portfolios.
MicroStrategy’s Strategic Integration into Nasdaq
MicroStrategy’s inclusion on the Nasdaq-100, effective December 23, symbolizes a major endorsement for the company and the broader crypto market.
With an impressive market capitalization, MSTR joins the ranks of industry leaders like Apple and Amazon, accentuating its presence in a competitive landscape. This move signals an evolving narrative where tech firms intersect with crypto investments.
Impact on Institutional Investment
The ramifications of MicroStrategy’s Nasdaq-100 listing extend beyond mere market placement. Analysts believe this development will enhance institutional investment in cryptocurrencies.
By becoming part of the Invesco QQQ Trust (QQQ), MicroStrategy will essentially allow a broader audience—including pension funds and institutional investors—the opportunity to gain Bitcoin exposure indirectly.
This shift represents a turning point in how digital assets are perceived and integrated within traditional finance.
Market Reactions to the News
The announcement has elicited mixed emotions within the crypto community. On one hand, there is excitement about the potential for increased liquidity and adoption of Bitcoin; on the other, caution is prevalent among veteran investors.
Analyst responses paint a picture of optimism. Notable figures like Will Clemente suggest that MicroStrategy’s new status will lead to an influx of capital into Bitcoin-related assets, vital for the cryptocurrency’s long-term sustainability.
Broader Implications for Cryptocurrencies
MicroStrategy’s ascension to the Nasdaq-100 could catalyze further crypto-centric listings in the future, breathing new life into discussions about digital asset integration in established financial markets.
Market sentiment reflects a belief that increased visibility might spur more companies to consider digital currencies as part of their investment strategy, leading to an era characterized by greater acceptance and innovation.
In summary, MicroStrategy’s addition to the Nasdaq is not just a significant milestone for the company but a reflection of the ongoing convergence of traditional finance with the cryptocurrency realm.
As institutional interest grows, this could herald a new era where cryptocurrencies are firmly entrenched in mainstream markets, potentially altering the landscape of investment for years to come. Investors should stay alert to the evolving dynamics as more companies navigate this intersection.
#MicroStrategy #Nasdaq #Bitcoin #Cryptomarket #CryptoNews