SKL analysis: The price has successfully surpassed the resi | CRYPTO TV XCHANGE on Binance Square

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SKL analysis:The price has successfully surpassed the resistance level of $0.024 and is now moving towards a major resistance area which is expected to be between $0.02840-$0.02970. In the upcoming days, we may witness a test of this major resistance area. If you have any long position open, you can consider booking profits at this point.
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$BTC Breaking $100K: Bitcoin Draws Parallels to Global Economic Indicators Bitcoin’s climb past $100,000 has brought on a new set of new crypto analyses, with observers drawing parallels to global economic benchmarks, asset classes, and historical financial events. These discussions seek to contextualize Bitcoin’s rise and assess its potential trajectory. For instance, Bitcoin’s market capitalization, now nearing $2 trillion, is being compared to leading global corporations like Apple and Microsoft. Its volatility has been likened to commodities such as gold and oil, with analysts debating its potential as a hedge against inflation. Additionally, some argue Bitcoin could disrupt traditional banking systems, highlighting its role in reshaping global finance. Bitcoin’s Growth by the Numbers As Bitcoin climbed to an all-time high of $103,900, it surpassed the critical $100,000 psychological barrier, firmly establishing itself among the world’s most significant financial assets. Its current market capitalization places it as the 10th largest global currency and the 12th largest country by value, according to recent analyses. CoinMarketCap data at the time of writing shows Bitcoin’s trading price at $102,770, a 7.15% gain in the past 24 hours and a 50.36% increase over the past month. Trading volumes also spiked 56.40% to $107 billion, reflecting heightened investor demand. Bitcoin’s Journey: Then and Now Back in 2019, Bitcoin was ranked the 33rd largest currency globally and the 43rd largest country by value. It is clear that the digital asset has come a long way since then. And now, Bitcoin trails only currencies Chinese yuan, U.S. dollar, euro, Japanese yen, and British pound in market cap. Read also: Bitcoin Exchange Balances Hit 2024 Lows, Signals Bullish Trend Driving this growth are factors such as El Salvador’s adoption of Bitcoin as legal tender and the efforts of companies like MicroStrategy and Hut 8, which hold Bitcoin as a strategic reserve asset. In the U.S., are advised to exercise caution before takin

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$BTC MicroStrategy Bitcoin Holdings Now Worth $40B as Bitcoin Hits $103K Bitcoin (BTC) price finally pierced through the much-coveted target of $100,000 for the first time since its inception after the 2008 financial crisis. The flagship coin surged more than 7 percent in the past 24 hours to trade above $102,900 on Thursday, December 5, during the early Asian session. Consequently, more than $644 million was liquidated from the crypto-leveraged market, led by Bitcoin with over $169 million. Furthermore, the previously reported altcoin rally cooled down in the past 24 hours, as Bitcoin dominance surged above 56 percent again. MicroStrategy Stock Heavily Benefited the Bitcoin Rally Since the adoption of the Bitcoin strategy in August 2020, MicroStrategy Inc. (NASDAQ: MSTR) has purchased more than 402,100 Bitcoins to date, worth more than $40 billion. Earlier this week, MicroStrategy announced the acquisition of 15.4k Bitcoins, after raising $1.5 billion through stock sales. As a result of the continued Bitcoin adoption, MSTR shareholders have significantly benefited through value addition. Furthermore, the company has achieved a BTC yield of 38.7 percent quarter-to-date (QTD) and 63.3 percent year-to-date (YTD). BREAKING: MicroStrategy stock, $MSTR, surges 10% in overnight trading as #Bitcoin hits $100,000. MicroStrategy's Bitcoin position is now worth over $40 billion for the first time in history. According to the latest market data, MSTR price has rallied more than 542 percent YTD, thus outpacing all of the Wall Street major indexes. In the past 24 hours, MSTR stock surged over 10 percent to trade at about $410.85 during the U.S. after-trading session. Consequently, the company’s valuation has rallied exponentially in the past months to hover about $83.9 billion at the time of this writing. Bigger Picture The notable rise of MicroStrategy over the past years, despite not having a major product in the market, has significantly influenced other companies around the world.

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$SHIB Shiba Inu price analysis: Here's why SHIB is set to explode higher Shiba Inu price rose on Thursday as investors reacted to the ongoing Bitcoin surge. The SHIB token jumped to a high of $0.00003268, its highest level since March 14 this year. It has risen by about 200% from its lowest level this year. Shiba Inu price analysis The daily chart shows that the SHIB price has been in a strong bullish trend in the past few months. It has jumped to a high of $0.00003260, its highest level since March this year. The coin has formed a cup and handle pattern, a popular bullish sign. This pattern is made up of a horizontal and a rounded bottom. In most periods, this is one of the most popular bullish continuation sign. Shiba Inu has also formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other. The coin has moved to the Weak, Stop & Reverse of the Murrey Math Lines. This means that Shiba Inu has more room to go to get to the extreme overshoot level at $0.00004172. Shiba Inu has moved above the Ichimoku cloud indicator. Also, the Relative Strength Index (RSI) and the Stochastic Oscillator have continued rising. Therefore, there is a likelihood that the coin will likely continue soaring as bulls target the key resistance at $0.000045, which is about 40% above the current level. The stop loss of the Shiba Inu coin is $0.0000268, the top of trading range. A drop below that level will point to more downside. Why the SHIB price may continue rising There are a few reasons why the SHIB price may continue rising in the near term. First, the coin will benefit from the ongoing crypto bull run. Bitcoin has moved above the $100,000, meaning that the coin has more room to grow. In most periods, altcoins like Shiba Inu and Dogecoin do well when Bitcoin is rising. Second, Shiba Inu price will continue doing well as more coins are incinerated. Data shows that over 2.5 million coins were burned in the past 24 hours. Altogether, over 410 trillion tokens have already been burned.

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MARA Stock News: Wall Street Bitcoin Miner Raises $850M in Zero-Coupon Notes for BTC Push $BTC The biggest Wall Street Bitcoin miner by market cap, MARA Holdings, Inc. (NASDAQ: MARA), has successfully completed an $850 million offering of zero-coupon convertible senior notes. This marks one of the largest such offerings in the digital asset sector this year. MARA Raises $850 Million in Zero-Coupon Notes for Bitcoin Push The company secured approximately $835.1 million in net proceeds after initial purchasers' discounts and commissions. MARA plans to allocate $48 million to repurchase existing convertible notes due 2026, with the substantial remainder targeted for Bitcoin acquisitions and general corporate purposes. The notes feature distinctive terms, including zero regular interest and no principal accretion. Holders can convert their notes into cash, MARA common stock, or a combination thereof, at the company's discretion. The initial conversion rate is set at 28.9159 shares per $1,000 principal amount, equivalent to approximately $34.58 per share – representing a 40% premium over recent trading prices. $850 million with zero interest. MARA has closed its second convertible note offering with 0% interest. The proceeds will primarily be used to acquire bitcoin and partially repurchase existing convertible notes due 2026. MARA announced its convertible notes offering earlier this week, stating plans to raise $700 million along with an additional $105 million. However, the final amount turned out to be slightly higher. The company's shares rose by 3.3% during Wednesday's session on Wall Street, closing just under $26, maintaining levels near five-month highs. MARA has included optional redemption rights starting June 5, 2029, subject to specific price conditions, while noteholders can require repurchase on June 4, 2027, and June 4, 2029. The company also granted initial purchasers a 13-day option to acquire an additional $150 million in notes. MARA Expands Renewable Portfolio with Texas Wind Farm Acquisition

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#CZBİNANCE Bitcoin Exceeds $100,000, CZ Shares BTC Sale Price! "Did Bitcoin Sell?" The expected moment has finally arrived in Bitcoin and BTC has exceeded $ 100,000. While the general expectation of an increase is still ongoing, Changpeng Zhao (CZ) shared BTC. CZ, the former CEO of Binance, the world's largest cryptocurrency exchange, republished the post he published in 2021. CZ republished his post regarding Bitcoin’s selling price in May 2021, saying, “Slap yourself if you sold BTC for under $100,000.” CZ had previously posted the same content in August 2019. I Still Have The Same Number Of Bitcoins! While CZ was seen waiting for $100,000 in Bitcoin for a very long time, he said that users thought he was making a lot of money from Bitcoin. However, CZ stated that this situation is not true and explained that he still has the same number of Bitcoins. In response to being congratulated on making money from Bitcoin on X, CZ denied this and explained that he still holds the same amount of Bitcoin. “Them: Congratulations! You made a lot of money with Bitcoin, right? Me: No, not exactly. I still have the same amount of Bitcoin. It's just that everything else has gotten a little cheaper compared to Bitcoin.” Bitcoin continues to trade at $101,950 at the time of writing.

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