#BURNGMT 📊 Bitcoin Fever: Jetking Joins the Club!
🇮🇳 Indian company Jetking saw its stock soar 20% after CEO Avinash Bharwani announced a Bitcoin strategy for their treasury, kicking off with a purchase of 12 $BTC
{spot}(BTCUSDT)
—the first move of its kind in India. 🚀
🔨 Meanwhile, MARA Holdings bought a whopping 11,774 BTC for $1.1B at $96K per coin, pushing their total stash to 40,435 BTC worth $3.9B. The purchase was funded through zero-coupon convertible bonds.
👀 But not all is rosy: MicroStrategy, a pioneer of corporate Bitcoin adoption, warns in its filings of "significant financial risks" due to BTC’s volatility. A major price drop could hit liquidity hard, with cash access LIMITED. ⚠️📉
Microsoft shareholders recently voted against adding Bitcoin to the company’s balance sheet, highlighting ongoing debates about crypto adoption in big corporations. 🚀
The board emphasized stability, arguing that Bitcoin's volatility doesn't suit their treasury strategy. Proxy advisory firms backed this view, influencing the vote. 📉
Despite flashy pitches from proponents, shareholders prioritized risk management over potential gains. Microsoft’s decision reflects a cautious approach, favoring predictable investments.
While this might seem like a setback for Bitcoin, it's a reminder that corporate giants are treading carefully. The crypto journey in corporate America is just beginning! 🌟
MICROSOFT REJECTS $BTC ! 🚨 Is It A Bearish Signal? 👇
Microsoft shareholders just voted against a proposal to add Bitcoin to the company's treasury holdings! The proposal included the possibility to explore Bitcoin as a hedge against inflation, however the shareholders decided to focus on Core Business. Why? Keep on mind that Microsoft holds $78 billion in cash and marketable securities, so they may not see an urgent need to diversify into a volatile asset like Bitcoin, especially when they are already well positioned financially! Will Bitcoin Drop Now That Microsoft Rejected It?
In my opinion, rejecting the Bitcoin investment proposal is not necessarily a bad news for BTC! Bitcoin’s value and future are not reliant on any single company! And despite Microsoft’s decision, there is still significant institutional interest in Bitcoin. I believe that what mostly stopped the shareholders of Microsoft to adopt Bitcoin is related to its volatility. Microsoft runs a very conservative financial management style and as we know well, Bitcoin's price fluctuations are significant, making it a risky investment for them!
What Level Will BTC Hit Before Its Bounce To A New ATH? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#bitcoincrash #BitcoinAlert #Microsoft
Microsoft Shareholders Reject Bitcoin Proposal
In a recent development, Microsoft shareholders voted against a proposal to include Bitcoin on the company's balance sheet, underscoring ongoing debates about cryptocurrency adoption among major corporations. The board maintained its stance that Bitcoin's volatility makes it unsuitable for corporate treasury purposes, favoring stable investments for steady growth.
Proxy advisory firms like Glass Lewis and Institutional Shareholder Services supported this view, suggesting Bitcoin wouldn't guarantee better returns, influencing the shareholders' decision.
The National Center for Public Policy Research advocated for Bitcoin, citing potential value creation and risk reduction. Despite references to firms like MicroStrategy and BlackRock, Microsoft's shareholders remained unconvinced, prioritizing stability over potential innovation.
The decision reflects a cautious approach, highlighting the challenges Bitcoin faces in gaining corporate acceptance. While some companies embrace Bitcoin, giants like Microsoft prioritize long-term stability. This decision signals that thorough analysis and clear benefits are crucial for broader corporate adoption of cryptocurrencies.
🚀 Trump Eyes Bitcoin Boom! 🚀
- President-elect Donald Trump is making waves with plans to spotlight Bitcoin in his administration, aiming for a $150,000 price tag!
- Sources say Trump sees Bitcoin as "another stock market" and wants the U.S. to lead in tech innovation.
- David Sacks, ex-PayPal exec, is the new AI & Crypto Czar, tasked with crafting a clear legal framework for crypto.
- Trump's recent support marks a shift from past skepticism, signaling a pro-crypto stance.
What do you think of Trump's crypto embrace? Share your thoughts below! 💬
$ME
🔥🔥 Magic Eden (ME) Token price prediction : Could reach $18 soon? 🤔
👀 Current market price of ME Token is $5 & in Bitget exchange ME Token price reached $18 after few minutes. So it indicates that ME Token have potential to hit $18 soon but now market is in bearish range so the price of ME Token is creating a correction of strong support level .
🔥🔥🔥 GMT TOKENOMICS AND THE IMPACT OF BURNING 600M TOKENS: 🚀
GMT (Green Metaverse Token) operates on a tokenomics model designed to sustain its ecosystem and incentivize user participation. The token's total supply is capped at 6 billion GMT, distributed across categories like ecosystem rewards, private sales, team allocation, and reserves. A significant portion is reserved for long-term ecosystem growth, with allocations scheduled to unlock periodically.
Burn mechanisms play a crucial role in GMT’s economy by creating deflationary pressure and increasing scarcity. Recently, the decision to burn 600 million GMT tokens—a massive 10% of the total supply—has significantly impacted its tokenomics. This burn directly reduces the circulating supply, potentially driving up demand among investors and participants in the STEPN ecosystem.
Burns of this magnitude often lead to market price appreciation as reduced token availability creates scarcity. Moreover, it signals commitment from developers to sustain long-term value for holders, instilling confidence in the ecosystem. The burn also enhances user incentives by potentially increasing rewards from staking or other earning mechanisms tied to the token.
However, such significant burns must be balanced to avoid unintended consequences, such as hyperinflation of demand or liquidity issues. The 600M burn reflects GMT’s commitment to a robust and adaptive tokenomics strategy, designed to ensure both user engagement and sustainable growth within the Web3 space.
#BURNGMT @GMTDAO $GMT
#BinanceNextWave #2024WithBinance #Write2Earn! $MOVE
$BAT SURELY INCREASES EVEN FURTHER AFTER GAINING MORE BUYING ORDERS ON TOP OF A NEW SUPPORT!
The market's recent volatility suggests a robust optimistic outlook. We will also develop tactics to enhance buy order execution while assessing the buying trend surrounding this altcoin. We might expect more indications of a possible breakout for this altcoin if the price remains above the previously overcome minor resistance levels. At its recently created support level, BAT has seen a lot of buying activity. It has decided to stick with its purchase orders as a result, which has led to a remarkable 56.53% gain.
AFTER HITTING A CERTAIN PRICE LEVEL, $HIVE 'S PRICE RAISES SIGNIFICANTLY!
A strong optimistic mood is suggested by the current market volatility. As we evaluate the buying power associated with this altcoin, we will also come up with ways to improve buy order execution. We may see more signs of a potential breakout for this altcoin if the price stays above the recently broken minor resistance levels. At its recently established support level, HIVE has seen a significant number of purchasing orders. As a result, it has chosen to move forward with its purchase orders, resulting in an astounding 111.58% rise.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
#GAINERSPACK #TRADEANDEDUCATE #EARNINGDAILY
Bitcoin's wild ride continues! 🚀 Despite recent $1B liquidation hiccups, BTC's derivatives market is healthier than ever, setting the stage for a potential surprise rally. With institutional investors like MicroStrategy and Riot Platforms on a buying spree, adding billions in BTC, the market's appetite remains strong. ETFs in the U.S. have also seen a $15.2B influx since October. While volatility might scare newbies, seasoned traders see opportunity. With futures premiums stabilizing, the path is clear for more gains. Buckle up, Bitcoin's not done yet!
🚀 Bitcoin's rollercoaster ride continues! Despite two $1 billion liquidation events, BTC's price danced from $101,430 to $94,200. But fear not, crypto enthusiasts! The market's looking healthier, setting the stage for a potential surprise rally. 🎢
While retail traders might be biting their nails, whales and market makers are still optimistic. With ETFs adding $15.2 billion since October, the appetite for Bitcoin is undeniable. MicroStrategy and friends are on a shopping spree, snapping up BTC like it's going out of style.
Join the conversation: What's your take on Bitcoin's wild ride? Will it hit $111,000 by February? Share your thoughts below!
Bitcoin's recent price swings have been dramatic, with two $1 billion liquidation events since early December. Prices dipped from $101,430 to $94,200, wiping out $2.9 billion in leveraged positions. Despite this, the derivatives market is stabilizing, hinting at potential for a new rally. Institutional interest remains strong, with ETFs adding $15.2 billion since October and companies like MicroStrategy and Riot Platforms actively buying Bitcoin. While futures premiums have cooled, optimism persists, with traders betting on Bitcoin reaching $111,000 by February. The market remains volatile but hopeful.
Cardano (ADA) is below $1 first time in weeks – analysis by BeInCrypto
Cardano (ADA) price is currently trading below $1 for the first time since November 26, reflecting its ongoing downtrend. The ADX has risen to 41.2, confirming the strength of this bearish trend, as ADA continues to face pressure with a D- at 33.2 and D+ at 6.2.
Cardano price is currently in a strong bearish trend, with its EMA lines aligning to confirm the downward momentum. The ADX reading supports this view, indicating that the trend is gaining strength. If the bearish movement persists, ADA could first test the nearest support level at $0.87.
Should this support fail, ADA may continue its descent toward more critical levels at $0.65 and $0.519, where further price action will be critical in determining whether the downtrend continues.
On the other hand, if ADA price manages to reverse the current bearish trend and regain positive momentum, it could challenge the resistance at $1.11.
If this resistance is overcome, ADA price might continue its ascent, potentially reaching higher levels at $1.24 and $1.32.
#MarketCorrection #CardanoPricePrediction $ADA