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AskToRahulSingh
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#MicroStrategy has acquired an additional 9,245 $BTC for ~$623M using proceeds from convertible notes & excess cash for ~$67,382 per #Bitcoin As of date 3/18/24, $MSTR hodls 214,246 $BTC acquired for ~$7.53B at average price of $35,160 per $BTC

#MicroStrategy has acquired an additional 9,245 $BTC for ~$623M using proceeds from convertible notes & excess cash for ~$67,382 per #Bitcoin

As of date 3/18/24,

$MSTR hodls 214,246 $BTC acquired for ~$7.53B at average price of $35,160 per $BTC

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#BreakingNews 💯⚠️ As per news - Dealing in #Crypto ‘Cannot Be Treated as Illegal in Any Manner.’ The Orissa High Court in India ruled that #cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits & Money Circulation Schemes (#Banning ) Act or a deposit under the Odisha Protection of Interests of Depositors Act, thus deeming mere cryptocurrency dealings not offenses under these laws. The Orissa High Court in India has issued a significant ruling clarifying the legal status of cryptocurrency dealings under Indian law. This landmark decision emerged from a case involving two individuals accused of defrauding people through a Ponzi or multi-level marketing (#MLM ) scheme. So, always... #DYOR it's #NFA & Trade with StopLoss in Crypto.
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#Bitcoin Updates- $BTC continues to move towards its lower levels and may be soon move towards lower its Lower-Low levels of $58k-56k to complete its last lowest on #CorrectionWave with Lower-High levels of also reaching at least $58k. -$62k (See my old post of daily and weekly charts of Bitcoin. After that into Crypto market, the sideways uptrend of Bitcoin will be starts from July onwards and Bitcoin & #Altcoins will be back in full #BullRun mode from August for the next 7-8 months towards its #NewATH by the Feb-March 2025.. Also DYOR and Trade with StopLoss in Crypto.
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As per recent report from the Federal Deposit Insurance Corporation (#FDIC ) paints a grim picture for the banking sector, revealing that 63 banks are on the brink of collapse due to a Biggest staggering $517 billion in unrealized losses. #Crypto is the only & only Future for everyone, and it's the Solution for all financial corporation, banks and institutions too...🙏 Always #DYOR before investing in Crypto Currency.
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Australia’s First Spot #Bitcoin #ETF Set to Launch Tomorrow 🚀 Australia is set to enhance its financial landscape by launching its first Bitcoin Exchange Traded Funds (#ETFs ) tomorrow. Managed by Monochrome Asset Management, the ETF, trading under the ticker IBTC on the Cboe exchange, charges a management fee of 0.98% and tracks the CME CF Bitcoin Reference Rate index. This initiative positions Australia as a leader in embracing crypto currency, following significant investment influxes into similar U.S. products earlier this year. The decision to list on Cboe, ahead of the larger Australian Securities Exchange (#ASX ), which also plans to approve #BitcoinETFs by the end of the year, taps into the growing global interest in regulated cryptocurrency investments. The U.S.’s earlier regulatory approval sparked substantial institutional and retail investments, setting a precedent that Australia is keen to follow. With the introduction of a passive ETF, Australia simplifies Bitcoin investment and underscores its legitimacy as an institutional asset class. This move is expected to encourage further global acceptance and integration of Bitcoin into mainstream financial systems.
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#Bitcoin Updates - Finally $BTC is going back towards its lower mark. A few days back (into given below attached linked post), I had given an approx date with the chart that the #Crypto market will go down between 7th to 15th June and in the last 8 hours $BTC took a dump of almost $3.5k. And is still continuing..! From last 12 hrs in Crypto market. Around $375 million of funds have been liquidated, out of which only around $345 of long positions have been liquidated because people were sitting leisurely thinking that Bitcoin will break #NewATH from here, whereas it has always been Whaler's and Manipulator's chance to liquidate easily market. So Trade Wisely by using #StopLoss and #DYOR
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