is being exchanged Bitcoin Currently at $101,102 after an 8.54% weekly decline, which made Trump Media Group’s acquisition of $2 billion worth of foreign exchange assets currently trading at a loss, despite some promising Bitcoin price expectations recently this year that pushed its price past $120,000 and record new all-time highs (ATH).
The company purchased Bitcoin balances between July 1 and 21, when they were trading at around $118,000, in order to maintain investments worth more than $1.3 billion as of September 30.
Trump Media Group reported losses amounting to $54.8 million for the third quarter of the year, despite currency-related gains of $28.7 million, prompting the Trump Media Group (DJT) stock price to record a weekly decline of 16% and settle at $12.70, recording a 52-week low.
Institutional Crypto Treasury Strategy Faces Volatility
The Trump Media Foundation accumulated its Bitcoin holdings by investing $2 billion in Bitcoin, which it purchased at an average price of $118,000, joining the growing trend of Wall Street institutions including digital currencies in their treasury assets.
Devin Nunes, CEO of the group, highlighted the role of “Huge Bitcoin Vault“By securing the company’s financial future despite losses exacerbated by legal fees resulting from its special purpose merger (SPAC), which totaled $20.3 million.
Although revenue of $972,900 represents a 10% increase from the second quarter, it is still below the 2023 total annual revenue of $4.1 million. However, Bitcoin’s continued decline since September 30 exposes Trump Media to another loss in the fourth quarter.
It is worth noting that the Trump family’s investments include stakes in World Liberty Financial worth $5.76 billion, and another in the official Trump-TRUMP meme currency worth $6.30 billion. Interestingly, the Trump Media Group recently announced the expansion of its business to include prediction markets by entering into a partnership with the Crypto.com platform.
This critical support level determines the Bitcoin price prediction.
Bitcoin price is testing the 50-week EMA at $100,887, a level that has provided support after 3 previous rises, and the 780% rise from $15,000 to $132,000 over 24-35 months represents the strongest phases of the bull market cycle.
As the secondary support zone stabilizes in the $95,000-$97,000 range, followed by a subsequent major support zone in the $85,000-$90,000 range, valuation metrics indicate that the Bitcoin price is currently valued at 19% higher than its fair value, while the accumulation patterns of the monetary balances of whales (large investors) suggest the possibility of riding out a wave of relative stability with the main resistance levels concentrated at $106,000, $110,000 and $120,000.
If we manage to defend the $100,000 support level, we could see a launch towards the $106,000-$110,000 range, perhaps followed by another launch towards the $120,000-$150,000 range during 2025-2026.
On the other hand, a breakout of the $98,000 nil level could pave the way for a deeper correction towards the $90,000-$95,000 range.
The short-term trajectory can be characterized by fluctuations between $95,000 and $110,000, while Polymarket bettors’ predictions have a 48% chance of hitting the $1 million mark first.
Bitcoin Hyper-HYPER allows Bitcoin to take advantage of innovations in layer 2 solutions.
With Bitcoin price testing a critical support level, the fundamental limitations of blockchain remain; Slow transactions and high costs pose a major challenge for DeFi apps, games, and payment solutions.
From this came the idea for the new Bitcoin Hyper network, seeking to give the Bitcoin Blockchain the speed and efficiency of the Solana Blockchain through a second layer solution.
With it, users can convert Bitcoin balances to wrapped balances that give them access to near-instant, low-cost transactions without sacrificing security. Bitcoin Hyper’s IPO has so far raised over $25 million, driven by a desire to accelerate the Bitcoin blockchain.
Thus, Bitcoin Hyper has practical uses, such as DeFi solutions, non-fungible tokens (NFTs), and Web3 games, and early participants can earn staking rewards with an annual return of up to 60% as the mainnet prepares for launch.
To buy Bitcoin Hyper, visit the project’s official website and connect your compatible wallets – such as the Best Wallet – to its interface, you can then pay in digital currencies or by Visa and MasterCard.
To buy Bitcoin Hyper click here
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