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Happy Monday, Zingernation! Bitcoin has dropped below $61K and liquidated over $260 million in long positions. Ouch!

Today, we cover why Bitcoin only seems to go down, if MSTR is still a buy and more.

Plus, our partner brings a first-of-its-kind digital solution to the global commodities supply chain sector.

MARKET SNAPSHOT

TOP STORY

Is Bitcoin's New 5% Tumble Still A 'Bull Market Correction'?

Briefly: Bitcoin is down yet again. It dropped another 5% (and still counting) to below $61K. What’s going on?

So Basically: Traders and investors are debating whether this is still a bull market correction or a full market reversal.

So Then: Some see Bitcoin going sideways over the next weeks, while others think this is the last line of defense before a steep drop into the $50s.

So What: Previous bull markets had multiple double-digit corrections, but the ranging price action and breakdown is making traders nervous.

Read what exactly they said here.

TOGETHER WITH RESOURCE STOCK DIGEST

New Tech Leader in US$11T Global Commodities Sector

Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls! 

And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.

One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. 

For investors, it’s an early-stage opportunity in a company with a true first-mover advantage in a globally diversified sector.

Click here to read more.

FIVE ZINGERS

Rebound : This trader turned $500 into $80K with leverage trading. But he also lost a ton getting liquidated beforehand. Here’s how much exactly…

Potential: Bitcoin may be going down but this renowned crypto analyst thinks there are still three memecoins with a lot of future potential out there…

Bleeding: ETH’s price could soon take a significant tumble, says a crypto VC. What exactly he means and how significant that correction could be…

Approval: Ethereum ETFs are coming sooner rather than later. According to ETF analysts, it could be as soon as this week…

Legend: Football legend Ronaldinho is the latest person to enter the crypto game. He wants to take crypto mainstream, here’s what that means…

FINTECH FOCUS

Canaccord Genuity Lowers MicroStrategy Target Price, Maintains Buy Rating

Briefly: Canaccord Genuity has revised its target price for MicroStrategy from $2,047.00 to $1,826.00 while maintaining its buy rating.

What Happened: MicroStrategy has amassed over 220,000 bitcoin, positioning itself as a Bitcoin development company.

What Else: Canaccord Genuity's revised valuation assumes a 20% one-year appreciation of Bitcoin and a 15% increase in the value of MicroStrategy's software business.

Why It Matters: MicroStrategy’s unique treasury approach make it stand out among software companies.

Read the entire scoop here.

TOGETHER WITH RESOURCE STOCK DIGEST

New Tech Leader in US$11T Global Commodities Sector

Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls! 

And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.

One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. 

For investors, it’s an early-stage opportunity in a company with a true first-mover advantage in a globally diversified sector.

Click here to read more.

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