✅ #Coinbase brings cryptocurrencies to Wall Street.
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👉 The arrival Wednesday of cryptocurrency exchange Coinbase on #Nasdaq is one of the most anticipated events of the year on Wall Street, where enthusiasm for record-breaking #Bitcoin is in full swing, despite questions about the sustainability of the market.
👉 Coinbase's IPO is also a gigantic slap in the face that reminds Europe of everything it missed since the arrival of the internet.
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@PowerCryptoNews

✅🇫🇷 Depuis 24h, on lit tout et n'importe quoi sur l'introduction en bourse de Coinbase Global Inc., qui pour commencer n'en est même pas une, puisque Coinbase a choisi de faire une "Cotation Directe", ce qui signifie qu'il ne s'agit pas de lever de nouveaux fonds, comme le ferait une entreprise lors d'une introduction en bourse traditionnelle.
👉 Voici un récapitulatif de la journée du 14 Avril:
1️⃣ Le #NASDAQ avait fixé à $250 l'action le prix de référence pour la cotation, qui n’est pas un prix d’offre d'achat mais juste une évaluation. Par ailleurs, ce sont uniquement les 17.000 employés de #Coinbase qui ont pu reçevoir chacun 100 actions, avant la cotation.
2️⃣ Quelques heures avant l'ouverture de la cotation, son prix s'echangeait jusqu'à $640 sur la plateforme #FTX.
3️⃣ À l'ouverture de la cotation, le prix a été affiché pour $386 par action.
4️⃣ À la fermeture de Wall Street, la cotation de #COIN était de $328 soit une baisse de -15% par rapport à son prix d'ouverture (et -35% sur la plateforme FTX).

✅🇬🇧 For 24 hours, we read everything and anything about the IPO of Coinbase Global Inc., which is not even one since Coinbase has chosen to do a "Direct Listing", which means that it's not about raising new funds, like a company would in a traditional IPO.
Here is a brief recap of the 14th April:
1️⃣ The #NASDAQ assigned Coinbase a reference price of $250, which was not an offer price but a valuation only. BTW, that's only the 17,000 employees of Coinbase who were able to each receive 100 shares, before the listing.
2️⃣ A few hours before the listing opened, its price was traded up to $640 on the #FTX exchange.
3️⃣ At the opening of the listing, the #COIN price was announced at $386 per share.
4️⃣ When the Wall Street session ended, the price was at $328, a decrease of -15% compared to its opening price (and -35% on the FTX platform).

🔅#Bitcoin Correlation with US Indices⁉️

👉🏻 While #BTC stabilizes in a range, the #NASDAQ and #S&P500 continue to drop in their downtrend channel...

🚩#Bitcoin Quick Update! (Ranges)

If you type "BTC range" in the search box of this channel, you will find a lot of my messages (starting from May-June) informing of the inevitable evolution of the BTC's price structure, to approach the norm of a traditional asset from stock market.
Since the global financial institutions are starting to have non-negligible parts of their funds in crypto, their priority has always been to better control this high volatility specific to the crypto market, in order to limit the unpredictable flash-crash/spike that are disturbing market sentiment and also costs billions in liquidations... BUT their main goal remains to secure a stable market by focusing on $BTC & $ETH together in a basket with 20 or 30 top crypto projects with reliable and real utilities for the long-term... just like the #NASDAQ which for 20 years has always continued to increase generating more than 2000% gains, on a market cap of $20 trillion.
Since mid-2021, we can therefore see that the $BTC has been evolving in successive ranges of about 50-100-day-mature, and which are not any more neutral ranges same as before 2020, but we now have ranges within trends (here in uptrend).

⚡️US indices and stocks are falling to open this week on Wall Street, as fears grow that the Fed's expected aggressive interest rate hikes will push the economy into recession.

📈 TA: #METAUSD #Nasdaq
The $META continues to fall a little more each day, at now $164 a drop of -57% since its ATH at $383 last August.

⚠️ What could have happened in October 2022 for the American #NASDAQ index to suddenly become completely decorrelated from the European #CAC40 and #ESX50 indices?