XRP Lawyer John Deaton Lauds Crypto Stocks Rally In Pre-Market
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In a crypto market landscape brimming with excitement, prominent XRP lawyer John Deaton has ignited a stir by sharing insights on a potential short squeeze, while lauding a rally in the crypto stocks. Deaton’s post, originally from Bit Paine on the X platform, highlights a staggering of around 19.6% short interest in MicroStrategy Incorporated (MSTR). Meanwhile, emphasizing the prospects of a short squeeze amidst an ongoing rally, John Deaton adds an intriguing layer to the market dynamics as we step into the new year. XRP Lawyer John Deaton Anticipates A Short Squeeze In The Crypto Space The recent post of John E Deaton on the X platform reflects his anticipation of a short squeeze coinciding with the crypto rally kickstarting the new year. His brief statement, “Nothing like a good ole short squeeze on top of a rally to start the new year,” captures the essence of the potential market dynamics awaiting crypto enthusiasts. Meanwhile, against this backdrop, the broader context of a crypto stock rally cannot be overlooked. As of January 2, 2024, pre-market trading sessions have seen a surge in notable crypto-related stocks. Companies like Coinbase (COIN), MicroStrategy Incorporated (MSTR), Robinhood Markets, Inc. (HOOD), and Riot Platforms, Inc. (RIOT) have experienced significant upticks, further fueling the excitement within the crypto investment community. Notably, the recent rally and praise from XRP lawyer John Deaton seems to have fuelled the confidence of the investors, sparking a buzz in the crypto market. Also Read: Shiba Inu Whale Moves Over 4.2 Tln SHIB Amid Remarkable Price Surge Crypto Stocks Surge Fuelling Market Hope The crypto-related stocks witnessed substantial gains on Tuesday, January 2, suggesting a strong confidence of the investors towards the digital asset space. Meanwhile, the leading crypto exchange platform, Coinbase (COIN) stock witnessed a jump of 6.37% in the pre-market…
Filed under: News - @ January 2, 2024 4:26 pm