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JPM

The week's financial updates highlighted the U.S. Federal Reserve's inflation gauge meeting expectations, growing concerns over the national debt, and speculation about a recession and a potential second Trump term. El Salvador's President questioned US monetary policy, while JPMorgan's CEO expressed concerns about the economy. The possibility of a second Trump presidency raised discussions on its impact on the stock market.

Portfolio Pulse from Benzinga Neuro

March 03, 2024 | 12:10 pm

DOGEUSD

SHIBUSD

The cryptocurrency world saw significant activity with Dogecoin's social dominance soaring, a proposed bill against CBDCs, a trader making millions with MAGA Memecoin, and Dogecoin and Shiba Inu poised for a bull run. Dogecoin's social media presence spiked, coinciding with its price crossing $0.10. Republican senators proposed a bill to ban CBDCs, potentially affecting the Biden administration's exploration of this technology. Erik Stevens turned $2,708 into $3.25 million with MAGA Memecoin. Crypto analysts predict bullish runs for Dogecoin and Shiba Inu, while Shiba Inu gained 60% with updates on its TREAT token.

Portfolio Pulse from Benzinga Neuro

March 03, 2024 | 11:01 am

BTCUSD

DOGEUSD

ETHUSD

Dogecoin (DOGE) has seen a significant increase of 62% over the past week, reaching $0.139, amid a broader crypto market rally. This surge is attributed to the overall strength in the crypto market, with Bitcoin (BTC) hitting $64,000 and Ethereum (ETH) reaching $3,500. The rise in Dogecoin's value is also linked to a 600% increase in its social media presence and its re-entry into the top ten cryptocurrencies by market capitalization, surpassing Avalanche.

Portfolio Pulse from Henry Khederian

March 03, 2024 | 2:24 am

DOGEUSD

SHIBUSD

SOLUSD

WIFUSD

Arthur Hayes, co-founder of BitMex, predicts Dogwifhat (WIF) will reach $2 after a 330% weekly rally, surpassing rivals Dogecoin (DOGE) and Shiba Inu (SHIB) in gains. The Solana-based memecoin's popularity surged following a quiet listing by Robinhood Europe, pushing its market cap over $1 billion. Influencers have further fueled its rise with guerrilla marketing campaigns.

Portfolio Pulse from Ivan Crnogatić

March 02, 2024 | 6:31 pm

BONKUSD

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Max Schwartzman, CEO of BecauseBitcoin, predicts Pepe (PEPE) to outperform memecoin rivals Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), and Floki Inu (FLOKI) based on technical analysis. Pepe has seen a 260% weekly gain, surpassing its May 2023 all-time high, and is expected to reach new highs in terms of ETH. The rally's continuation may depend on the broader Bitcoin market movements.

Portfolio Pulse from Ivan Crnogatić

March 02, 2024 | 6:03 pm

BONKUSD

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Memecoins like Dogecoin, Shiba Inu, and Pepe saw significant gains last week, with the memecoin market cap increasing by 39% to $44 billion. Dogecoin's market cap reached $18 billion, surpassing companies like MicroStrategy and Robinhood. Shiba Inu announced a partnership with Zama for a privacy-focused network and started a petition for an ETF. Floki became the top trending asset on Stocktwits and plans to burn $11 million tokens. Bonk announced token burns and significant whale movements. The rise in memecoin prices is attributed to the Bitcoin rally and the deployment of memecoins on ETH and Solana chains.

Portfolio Pulse from Khyathi Dalal

March 02, 2024 | 4:53 pm

BTCUSD

MSTR

Bill Miller IV, CIO at Miller Value Partners, views Bitcoin's recent run as the early stages of a significant capital repricing event, with MicroStrategy being their largest holding due to its substantial Bitcoin investments. Miller highlighted the conversion of $500 billion of fiat currency into Bitcoin, leading to average unrealized gains of 150% for holders. He praised MicroStrategy's executive chairman, Michael Saylor, for his strategic Bitcoin holdings. This outlook aligns with the firm's goal to outperform the market, viewing Bitcoin as a maturing asset amidst record ETF inflows and increasing U.S. national debt.

Portfolio Pulse from Ivan Crnogatić

March 02, 2024 | 4:29 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Shiba Inu (SHIB) experienced a 70% surge in value after a transfer of 3 trillion tokens to a wallet named after Robinhood, outperforming Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) in price performance. The transfer, detected by Whale Alert, contributed to SHIB's climb to the 11th position in global market capitalization, with a valuation over $12.8 billion. Notable on-chain activities and purchases by significant entities like MakerDAO's co-founder and an Upbit-named wallet have also fueled SHIB's ascent.

Portfolio Pulse from Bibhu Pattnaik

March 02, 2024 | 2:09 pm

AAPL

CVNA

DIS

GOOG

Benzinga's weekly review highlights market movements, with the Nasdaq and S&P 500 seeing gains, while the Dow slightly declined. Bitcoin surpassed $60,000, anticipating the halving event. Bullish views include Ackman's confidence in Alphabet for its AI and advertising, optimistic forecasts for Dogecoin and Shiba Inu, and predictions of Bitcoin reaching $200,000. Bearish perspectives involve Goldman Sachs removing Apple from its Conviction List, criticism of Disney by Gov. DeSantis, and a short report on Carvana questioning its valuation.

Portfolio Pulse from Michael Cohen

March 02, 2024 | 2:02 pm

BTCUSD

Analysts caution against joining the Bitcoin rally late, citing overbought conditions with a 14-day RSI at 88. Despite a 40% increase in four weeks, they advise caution for short-term traders using leveraged products. However, the long-term outlook remains bullish, with predictions of reaching up to $180,000 by September 2025.

Portfolio Pulse from Rounak Jain

March 02, 2024 | 11:01 am