Ash and Booker’s Egg-straordinary Market Analysis: Crypto Hops and Stock Surprises!


[ , msc, mschro, March 31, 2024] Hey there, CryptoButthead Readers,

Wishing y’all a hoppy Easter.

Last week was as thrilling as finding a double-yolker but about as surprising as an Easter egg in a basket. Come Friday, the U.S. revealed its PCE Price Index numbers, and wouldn’t you know it, indexes are still sky-high, not just stateside but globally. Odd, considering the usual market movers – those small-time investors blindly hopping down the bunny trail – haven’t even jumped in yet. This cycle? They’re flat broke. Over in the U.S., it’s a merry-go-round of debt to pay off debt, while Europe’s stashing cash away, now that it’s growing interest again.

So, what’s got the smart money pushing prices to cloud nine, and how long do they plan to stay up there? And let’s not forget, it’s an election year. Plus, in the crypto burrow, Bitcoin’s facing down another halving, with both Bitcoin and Ethereum sitting pretty at $70,500 and $3,620, respectively. Ethereum’s got that spot ETF dream adding to the buzz.

Things are getting interesting, folks.

MicroStrategy’s now hoarding over 1% of all Bitcoins ever to exist, sending its stock through the roof – thanks to a wild surge, ’cause who can really say what roads MicroStrategy will travel with that Bitcoin bonanza? Imagine Bitcoin prices hitting six figures. We’ll be hearing a lot more about MicroStrategy, mark our words.

But with rising stars come the short sellers, saved this time by a short research newsletter, avoiding what could’ve been a cataclysmic short squeeze. They’re trying not to anger the Bitcoin community, making it look like they’re pro-Bitcoin but short on MicroStrategy – a total brain fart if there ever was one. Expect the Bitcoin community to clap back soon. What’s been done here is essentially painting a target on Bitcoin’s back. Backfire city. And it’s especially sketchy coming from a top short researcher who brings his own army of nearly 100,000 followers to the fray.

Neptune Digital Assets, a little crypto small cap gem we’ve been eyeing, snagged 26,964 Solana tokens at a 67% discount and announced a 10 million share buyback. No wonder small cap tech and crypto stocks are flying under the radar – another sign that the little guys aren’t playing this round, typically drawn to small caps for their seemingly sweeter price tags.

Coinbase and MicroStrategy are set to remain volatile players, with Coinbase riding the AltCoin trade wave and the Spot Bitcoin ETF hype. Their next earnings report might just give the stock another boost.

Let’s see what surprises are hidden in next week’s Easter eggs.

Happy Easter,

Ash and Booker, peace out to all.



Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: Yo, this is Booker your CryptoButthead talkin’, man. This article is for entertainment purposes only and does not constitute financial advice. Invest responsibly, y’all! Don’t take it too seriously. Crypto investing is serious, just like any other investments. Get real info, dude. Remember, investing is extra risky. If you don’t know, ask someone who does. This article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.  Furthermore the author(s) of this article may or may not hold a position in the mentioned stock or digital asset. None of the companies or organizations discussed in the above article have paid for this content. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock or digital asset and its performance over time to make informed decisions about their investments. cryptobutthead dot com is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances.


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