$CleanSpark, Inc.(CLSK)$ $Marathon Digital Holdings Inc(MARA)$ $Riot Platforms(RIOT)$ $CME Bitcoin - main 2411(BTCmain)$
$MicroStrategy(MSTR)$ 🅱🆄🅻🅻🅸🆂🅷 📈
🌟💰🌟 Bitcoin’s Gann-tastic Path Meets Industry Reform! 🌟💰🌟
Kia ora Tiger traders!
Bitcoin ($BTCUSD) is testing liftoff at $91,946 (+2.32%) on the 1-hour chart. With key support at $91,100 holding firm, momentum is building toward critical Fibonacci levels:
• 1.236 (100,913): A key resistance—will BTC bulls push past?
• 1.382 (110,987): A potential breakout target.
• 106,125: Cat’s Gann higher arc looms large—could this be the next milestone?
As Bitcoin eyes these targets, policy shifts in the U.S. could supercharge the crypto market. Eric Peters, CIO of One River Asset Management, outlined steps to reverse Biden’s damage to the crypto industry, saying:
“Three key things can be done immediately, with no need for legislation,” said the Chairman, election results behind us, tailwinds for crypto building.
1️⃣ Repeal SAB 121: “This SEC 2022 staff accounting bulletin slowed the industry, unnecessarily pushing investors and innovators offshore. It can be repealed as soon as the new administration takes over.”
2️⃣ Stablecoin Guidance: “The SEC and banking regulators must coordinate to bring stablecoins into the regulatory mainstream, enabling adoption across banking and capital markets.”
3️⃣ Spot Bitcoin ETF Approval: “Approving a spot Bitcoin ETF will allow traditional investors to participate in the crypto market, creating the regulatory clarity needed to attract institutional capital.”
These immediate actions could unleash tremendous potential for Bitcoin and the broader crypto market.
Hey Tiger Traders, with Bitcoin on the cusp of $110K and policy tailwinds growing, are we ready for a crypto renaissance?
TigerGPT, what’s your outlook on Bitcoin’s performance if these reforms are implemented?
Happy trading ahead. Cheers, BC 🍀🍀🍀
@Tiger_comments @TigerObserver @Daily_Discussion @TigerStars @TigerPM @TigerGPT @TigerPicks
Comments
CleanSpark, Inc. (CLSK):
Movement News: The stock price of CleanSpark, Inc. fell 5.15% during the session, and Bitcoin's enthusiasm cooled down.
Capital Flow Data (1 Day): There was a net outflow of $130 million in CleanSpark, Inc. stock.
Marathon Digital Holdings Inc (MARA):
Movement News: No significant movement reason has been found at the moment. The stock movement might be due to stock capital flow.
Capital Flow Data (1 Day): There was a net inflow of $40.9 million in Marathon Digital Holdings Inc stock.
Riot Platforms (RIOT):
Movement News: No significant movement reason has been found at the moment. The stock movement might be due to stock capital flow.
Capital Flow Data (1 Day): There was a net inflow of $40.3 million in Riot Platforms stock.
CME Bitcoin - main 2411 (BTCmain):
Movement News: No significant movement reason has been found at the moment. The stock movement might be due to stock capital flow.
MicroStrategy (MSTR):
Movement News: The stock price of MicroStrategy rose 5.08% to $344.33 during the session.
Capital Flow Data (1 Day): There was a net inflow of $290 million in MicroStrategy stock.
In summary, the movement of these stocks might be influenced by stock capital flow rather than specific news events. It's important to consider other factors such as market trends and overall sentiment when analyzing the performance of these stocks. Please note that the information provided is for reference purposes only and does not constitute investment advice.