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U.Today presents the top three news stories over the past day.
$180 would be "generous" for Strategy, top angel investor says
Jason Calacanis, a well-known American angel investor and entrepreneur, has taken to X platform to share his take on Strategy's (MSTR) recent price action. Attaching a worrying red price chart, Calacanis noted that the company's stock dropped from a peak of $543 to $276 overnight. Based on the level of risk of debt load, the entrepreneur believes, $180 would be a "generous" price target for MTSR. Calacanis added that the stock's current situation is in "uncharted territory." "No one has ever bought imaginary money with massive debt, nor has anyone cornered the market on Bitcoin at this level," wrote the angel investor in his X post. Last week, U.Today reported on another Strategy-related bearish prediction of Calacanis, in which he stated that the company's Bitcoin bet would fail this year.
"Bitcoin is oversold" Samson Mow says as BTC falls below $90,000
In a recent X post, Samson Mow, prominent Bitcoin maxi and JAN3 CEO, addressed the major drop in Bitcoin's price; yesterday, the flagship crypto lost 7% of its value, falling below the $90,000 level to $88,8830, the lowest price level since mid-November 2024. Mow labeled BTC as "oversold" and urged the market to "run it back." Currently, Bitcoin seems to be slowly paring its losses, changing hands at $87,419, down by less than 1% over the past 24 hours, per CoinMarketCap. Analysts believe that Bitcoin's crash was caused by the anticipation of upcoming import tariffs in the U.S., as well as large liquidations on the crypto market and major outflows from Bitcoin spot ETFs. In the comments under Mow’s post, some X users pointed out that cheaper Bitcoin levels are good for the community since they allow investors to buy BTC on the dip.
Yuri MolchanShiba Inu (SHIB): Almost 60% in losses amid price crash
Recent on-chain data demonstrates that 60% of Shiba Inu holders are currently facing losses, with many investors caught offguard by SHIB's recent price drop, especially those who bought during recent price rallies. One of the main reasons for this major loss is SHIB's inability to maintain upward momentum. Many traders were lured in by hype and market speculation at local peaks. During recent accumulation periods, an increase in purchasing activity occurred; however, instead of breaking out, SHIB reversed downward, putting these buyers in losing positions. Additionally, SHIB was impacted by the broader market downturn, particularly in the altcoin sector, exacerbated by the general drop in interest in meme coins and SHIB's lack of substantial utility. In order to recover toward the $0.000012-$0.000015 range, SHIB would need a recovery of important resistance levels and to win back investor trust.
Dan Burgin
Vladislav Sopov