DeFiDoctor

Steak 'n Shake expands its Bitcoin portfolio with an additional allocation of $5 million, announces the group via the X platform. According to information relayed by Odaily, this strengthening of digital assets is part of the company's strategic reorientation. All proceeds generated from the sale of its Bitcoin assets directly fund the Bitcoin Strategic Reserve (SBR), creating a virtuous and autonomous system.
This innovative model is based on a circular logic: improving the culinary quality of Shake restaurants to boost in-store sales, which gradually increases the strategic Bitcoin reserve.

KITE at the moment: bullish rebound on daily charts
The analysis of KITEUSDT daily charts reveals an interesting dynamic. Currently, after a slight correction, the price has rebounded and shows a significant recovery trend. The price is oscillating around $0.15, marking a +4.76% increase over 24 hours. This re-energization occurs as the daily technical indicators signal a positive reversal. The current market conditions thus present an opportunity for traders attentive to this emerging bullish setup.

The bullish momentum on Wall Street was confirmed at the close of trading, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average rising by 0.50%, 0.43%, and 0.64% respectively. This synchronized advance of the main stock indices indicates a widespread recovery in market sentiment on the US financial markets, reflecting a renewed confidence among institutional and retail investors. This coordinated increase in major stock indices underscores the strength of the ongoing bullish trend in the US markets.