Hello, Dear Friends,
Today has been nothing short of a thrill ride in the financial markets, and it’s not even over yet! The excitement levels have been off the charts, and I just couldn’t wait to share the day’s happenings with all of you.
The crypto market went on an absolute tear today, with Bitcoin leading the charge. We watched in awe as it climbed from $61,000 to $62,000, then $63,000, and even hit $64,000. The frenzy was so intense that it caused significant traffic on the Coinbase Servers, leading to outages that left many traders… let’s just say, less than thrilled. But as Michael Saylor advises, trading Bitcoin might not be the wisest strategy anyway.
Despite the hiccups, I’m confident that Coinbase will navigate through these challenges swiftly. After all, Coinbase isn’t just any platform; it’s a regulated, reputable entity that prioritizes the safety of its users’ funds. So, while the outage might have been a hiccup, it’s reassuring to know that we’re dealing with a platform that stands on solid ground.
Bitcoin’s reaction to the Coinbase outage was a swift drop to $58,800, but as I’m writing this, it’s already making a comeback, trading at $61,451. What a day indeed! Even Coinbase’s stock felt the pressure but managed to stay in the green, a testament to the resilience and trust in the platform despite today’s challenges.
Amidst the chaos, some tried to stir the pot with unfounded claims about Coinbase’s affiliations. However, it’s essential to focus on the platforms contributing positively to the crypto space’s regulatory landscape, and Coinbase has been a pioneer in that regard.
In other exciting news, Microstrategy’s stock price touched $1,000 today. It seems that holders might need to get used to seeing four digits more frequently. Following Michael Saylor’s lead, holding onto Bitcoin and Microstrategy shares might just be the golden ticket for the long haul.
On the economic front, the Q4 GDP came in at 3.2%, slightly below expectations but still showing robust economic activity. Meanwhile, the trading volume on Coinbase has been making headlines, with ZachLight noting that Coinbase’s 24-hour trading volume is almost 10% of all its Q3 2023 volume. This level of activity has led to revised price targets for Coinbase, with some now seeing $500 as a conservative estimate.
Anthony Pompliano‘s reflections on underestimating the impact of ETFs on Bitcoin’s price resurgence remind us of the market’s unpredictable nature.
And, in true crypto spirit, a sentiment echoed across social platforms humorously notes that a significant bull run wouldn’t be complete without a Coinbase hiccup.
Indeed, “We’re so back, baby!!!”
As Pamela and I embark on this journey with PamelaDenise.net, today’s market movements remind us of the dynamic and exhilarating world of finance we’re diving into. We’re here for the long haul, ready to navigate the ups and downs with you.
Remember, the financial markets are not a one-way street, but with patience, resilience, and informed decisions, the journey can be incredibly rewarding.
Cuddles, Denise
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Denise LaVerge is a masterful financial analyst and a co-founder of PamelaDenise.net, where her expertise in financial forensics, valuation, and strategic investment advice shines. With an impressive array of certifications, including Master Analyst in Financial Forensics (MAFF), Certified Valuation Analyst (CVA), Certified Divorce Financial Analyst (CDFA), and Chartered Retirement Planning Counselor (CRPC), Denise brings a wealth of knowledge and a unique perspective to the world of finance and investment.
Her role as an Investment Advisor Representative and a Collaborative Law Financial Expert further underscores her commitment to providing nuanced and ethical financial advice. Denise’s analytical skills are unmatched, allowing her to dissect complex financial data and market trends to uncover actionable insights. Her work is driven by a passion for uncovering the truth behind the numbers, ensuring that her analyses are not only accurate but also deeply informative and relevant to her audience.
At PamelaDenise.net, Denise’s contributions are pivotal in guiding investors through the often turbulent waters of the financial markets. Her ability to translate sophisticated financial concepts into clear, understandable language makes her an invaluable resource for both seasoned investors and those new to the market. Denise’s focus on due diligence and her meticulous approach to research underpin the site’s commitment to providing readers with reliable, up-to-date financial information and analysis.
Her analytical acumen, integrity, and dedication to empowering others with financial knowledge truly set her apart.
Beyond her professional pursuits, Denise is deeply interested in the evolving landscape of financial technology and its potential to revolutionize investment strategies. Her forward-thinking approach to finance is a testament to her belief in the power of innovation to create wealth and foster economic growth.
Through her work at PamelaDenise.net, Denise continues to demystify the complexities of the financial world, offering readers insightful analysis and advice. Her contributions not only reflect her extensive expertise but also her commitment to making financial empowerment accessible to all.