“Dogecoin is up a solid +9% in the last day and a half, and #memecoin still ranks as the 10th largest market cap asset in #crypto. Whale transactions and funding rates have skyrocketed, which are two great predictors of the change in the direction of prices,” assured the market intelligence platform Santiment.
Michaël van de Poppe, another renowned market analyst, commented that it is time for the dollar index, a measure of the dollar’s strength against six of its peers, to experience a “slight rebound”. “Time for a slight bounce in $DXY and a correction in the crypto markets. But more importantly, I expect the jobless data to be bad on Friday and then the indices should continue. The relief rally in the fourth quarter is on the horizon for Bitcoin,” he forecast.
Elon Musk’s proposal
The South African tycoon and director of the electric car company Tesla, Elon Musk today renewed his proposal to buy the social network Twitter at the original offer price of u$s54.20 per share, equivalent to about US$44 billion, in order to avoid a trial for the failed acquisition that he attempted at the end of last April.
Stocks on Twitter closed today at $52with a rise from 22.2% compared to the day before, after the news that Musk had renewed the proposal in a letter.
The decision was made after four attempts of the businessman to cancel the purchase through various arguments. In these attempts, the company accuses that they generated a loss of value. In the last requested access to more information about the companya request that was rejected by the judge in the case.
The next October 17 the trial would begin between Musk and Twitter to force the purchase of the company. According to the headlines of the social network, the tycoon’s changes of opinion caused the company’s value to drop by up to 10%.
Source: Ambito
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