Streetbeat News

Assets

DOGEUSD

SHIBUSD

SOLUSD

The resurgence of memecoins like Shiba Inu, Dogecoin, Dogwifhat, and Bonk is driven by technical developments, increased token burns, and community engagement. Dogecoin is enhancing its blockchain for more use cases, while Shiba Inu's token burn and Shibarium platform boost its utility. Solana-based memecoins, Bonk and Dogwifhat, benefit from investor interest and Solana's support for memecoin culture.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 8:00 pm

BTCUSD

ETHUSD

Bitcoin (BTC) soared past $69,000 before experiencing an 11% drop, yet remained above $65,000, indicating strong investor interest. Ethereum (ETH) also saw a surge but didn't reach a new high. Experts predict a positive outlook for Bitcoin, citing the upcoming halving event, increasing institutional and retail interest, and the approval of spot Bitcoin ETFs as key drivers. They recommend strategies like focusing on the long term, dollar-cost averaging, thorough research, diversification, and seeking professional guidance for investors.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 7:27 pm

CRWD

GLD

IWM

JWN

NVDA

NYCB

PLTR

Markets rallied following Fed Chair Jerome Powell's reassurances about easing monetary policy in 2024 if inflation targets are met. The Nasdaq 100 led gains among major indices. The iShares Russell 2000 ETF, Nvidia, and the SPDR Gold Trust were among the notable performers. Other assets like Bitcoin also saw increases. Several companies reacted to earnings reports, with CrowdStrike and Palantir Technologies seeing significant gains, while New York Community Bancorp and Nordstrom faced steep declines.

Portfolio Pulse from Piero Cingari

March 06, 2024 | 7:24 pm

NYCB

Joseph Otting is set to become the CEO, and Alessandro DiNello will be named as Non-Executive Chairman of a well-capitalized national bank with over $100 billion in assets. The bank, which is undergoing a reconstitution of its board and management team, aims to deliver a diversified and de-risked business model.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:14 pm

NYCB

New York Community Bancorp (NYCB) successfully raised over $1 billion in equity, with significant backing from a firm led by Steven Mnuchin. This capital infusion is aimed at bolstering NYCB's financial position and supporting its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:06 pm

XLMUSD

Stellar's cryptocurrency (XLM) experienced a 3.68% decrease in price over the last 24 hours, falling to $0.13, despite a 13.0% increase over the past week. The trading volume has surged by 156.0%, while the circulating supply slightly decreased. Stellar's market cap ranking is now #36 at $3.83 billion.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:03 pm

PEPEUSD

Cryptocurrency Pepe (CRYPTO: PEPE) has seen a significant increase of 15.06% in its price over the last 24 hours, reaching $0.0000073. This surge is part of a larger trend, with a 147.0% gain over the past week. The trading volume for Pepe has increased by 44.0%, while its circulating supply has decreased by 1.51%, now standing at 420.69 trillion, which is the estimated max supply. Pepe's market cap ranking is now #44, with a value of $3.04 billion.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:02 pm

HBARUSD

Hedera (CRYPTO: HBAR) has seen a 5.64% increase in its price over the last 24 hours, reaching $0.12. This is part of a positive trend over the past week, with a 12.0% gain from $0.11. The coin's all-time high is $0.57. Trading volume for HBAR has increased by 25.0% over the past week, while the circulating supply has decreased by 0.83%, now at 33.69 billion, 67.37% of its max supply. HBAR's market cap ranks #34 at $4.09 billion.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:02 pm

CVX

Recent unusual options activity in Chevron (NYSE:CVX) indicates a bearish sentiment among deep-pocketed investors, with a significant volume of puts and calls suggesting a targeted price range of $140.0 to $180.0. The largest trades include both bearish and bullish sentiments, with notable trades in calls and puts. Chevron, a major integrated energy company, has seen its stock price increase by 0.95% to $151.01, with a neutral RSI and an upcoming earnings report in 51 days. An analyst from DZ Bank downgraded Chevron to Hold with a price target of $160.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:00 pm

EQIX

Recent unusual options activity in Equinix (NASDAQ:EQIX) shows a bullish stance by investors, with 69% of trades being bullish. Significant trades include both puts and calls with strike prices ranging from $800 to $980. Equinix operates 260 data centers globally and has a diverse customer base. The stock is currently up by 1.13%, priced at $905.69, but may be approaching overbought territory. Analysts have set an average price target of $714.4, with individual targets ranging from $781 to $950.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:00 pm