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U.Today delivers the top three news highlights from the previous day.
Leading Angel Investor Suggests $180 Would Be Considerate for Strategy
Well-known American angel investor and entrepreneur Jason Calacanis expressed his views on the recent fluctuations in the price of Strategy (MSTR) on the X platform. He included a troubling red price graph, showing that the company’s stock has decreased from a peak of $543 to $276. Considering the level of risk tied to its debt load, Calacanis opines that $180 would be a reasonable target price for MTSR. He noted that the current condition of the stock is in unexplored territory. No one has previously acquired cryptocurrency with such a large amount of debt, nor has anyone dominated the Bitcoin market at this magnitude, he stated in his X post. Last week, U.Today reported on another pessimistic forecast from Calacanis regarding Strategy, where he mentioned that the company’s Bitcoin investments this year would not succeed.
Samson Mow Emphasizes Bitcoin Undervaluation, BTC Falls Below $90,000
In a recent update on X, notable Bitcoin advocate and CEO of JAN3, Samson Mow, addressed the considerable drop in Bitcoin’s value;
On the previous day, the price of the leading digital currency, Bitcoin, fell by 7%, dropping beneath the $90,000 threshold to $88,830, which is its lowest point since mid-November 2024. Mow asserts that Bitcoin is undervalued and is advocating for a market recovery. At present, Bitcoin seems to be gradually lessening its losses, with the most recent price at $87,419, down by less than 1% over the last 24 hours, as reported by CoinMarketCap. Experts highlight that the steep drop in Bitcoin’s value is attributed to the anticipation of upcoming import duties in the U.S., widespread liquidations within the cryptocurrency market, and considerable outflows from Bitcoin spot ETFs. In reaction to Mow’s commentary, several users on X indicated that the decreased Bitcoin price could be advantageous for the community by enabling investors to acquire BTC during this price decline.
Shiba Inu (SHIB): Close to 60% Decline Amid Price Plummet
Recent blockchain analytics reveal that 60% of Shiba Inu holders are presently experiencing losses, with numerous investors taken aback by SHIB’s recent price fall, especially those who purchased during the latest price increase. A primary factor contributing to this notable loss is SHIB’s inability to sustain its upward trajectory. Many traders were enticed by market excitement and speculation at local highs. Although buying activity surged during the recent accumulation phase, SHIB did not break through but instead retreated, leaving these purchasers with losses. Furthermore, SHIB has been impacted by the overall market decline, particularly within the altcoin segment, coupled with a general decrease in interest in meme coins and a lack of significant use cases for SHIB. To bounce back to the range of $0.000012 to $0.000015, SHIB must reclaim crucial resistance levels and restore investor trust.
