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- 🚨Code Red
🚨Code Red
Why Bitcoin keeps dropping. Plus, an analyst note on MSTR.
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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
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TOP STORY
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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.
TOGETHER WITH RESOURCE STOCK DIGEST
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
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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.
TOGETHER WITH RESOURCE STOCK DIGEST
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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