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BTCUSD

Bitcoin (BTC) reached $65,000, approaching its all-time high of $69,000. The increase is driven by positive market sentiment, institutional demand, and the halving event. Open Interest on the CME for Bitcoin futures has reached a record $8.7 billion, indicating strong institutional interest. Whales holding at least 1,000 Bitcoin have increased their holdings by over 7% since October 2023.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 9:04 am

BTCUSD

Andrew Tate, a controversial figure, commented on Bitcoin's potential rise to $70,000, stating he would call everyone losers if it happens. He shared his team's success with Bitcoin but criticized the societal value of cryptocurrencies, highlighting his stance against creating his own crypto. Tate faces legal charges and had assets, including 21 Bitcoins, confiscated by Romanian authorities. Bitcoin was trading at $65,175.69, up 5.7%.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 8:58 am

NVDA

TSLA

Investors are drawing parallels between the rapid rise of Nvidia Corp. (NVDA) in the AI sector and Tesla Inc.'s (TSLA) previous surge in the EV market, raising concerns about the sustainability of Nvidia's growth. While Nvidia's stock continues to soar, Tesla's shares have significantly declined from their 2021 peak. The comparison highlights the potential risks of investing in the AI frenzy, despite Nvidia's exceptional sales growth and the belief in a future dominated by AI technology.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 6:26 am

DOGEUSD

ETHUSD

FLOKIUSD

SHIBUSD

Ethereum co-founder Vitalik Buterin highlighted the disproportionate investment in meme cryptocurrencies like Dogecoin and Shiba Inu compared to essential crypto infrastructure. Buterin emphasized that while some areas are over-invested, others crucial for the ecosystem's health are neglected. This comes as Dogecoin's market cap surpasses $20 billion, with a significant increase in its trading volume and price.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 6:14 am

BBJP

DXJ

EWJ

Japan's capital spending for Q4 surged to 16.4%, significantly exceeding the estimated 2.9% and the prior 3.4%, indicating a robust investment environment in Japan.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:29 am

BTC-USD

DOGE-USD

ETH-USD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains amid market optimism and FOMO. Bitcoin's price surged over $62,000, with an upcoming halving event in April expected to further impact its value. The global cryptocurrency market cap increased by 1.36% to $2.31 trillion. U.S. stock futures showed minimal movement, with investors awaiting Federal Reserve updates. Analysts predict a potential massive run for altcoins and a possible surge in Bitcoin to $100,000 in 2024, driven by increased liquidity.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 4:48 am

SOL

WIF

Raoul Pal humorously embraces the current altcoin season, highlighting the meme coin Dogwifhat (CRYPTO: WIF), which has seen a 361.59% increase in a week. Pal's tweet reflects a shift from serious blockchain debates to enjoying the speculative nature of meme coins, advising caution. Dogwifhat's popularity surged, especially after being listed on Robinhood's European platform, contributing to its value increase. The coin briefly became Solana's top memecoin, indicating a potential 'memecoin supercycle' and an 'alt season' with increased liquidity in smaller cryptocurrencies.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 1:22 am

IGT

IPG

RELY

ZBH

Barron's cover story highlights the best luxury second home resort markets in the US, with Austin, Texas, Lake Geneva, Wisconsin, and Park City, Utah topping the list. Luxury second home prices rose 11% in 2015. The article also discusses investment opportunities in hedge funds through closed-end funds run by Bill Ackman and Dan Loeb, and mentions stocks like Interpublic Group (IPG), Zimmer Biomet Holdings (ZBH), Real Industry (RELY), and International Game Technology (IGT) for their potential.

Portfolio Pulse from Nelson Hem

March 03, 2024 | 9:37 pm

SAN

Santander is reducing its workforce by approximately 300 positions in its US branches as part of a strategic shift towards digital banking, according to Bloomberg. This move reflects the bank's adaptation to changing consumer preferences and the increasing demand for digital banking services.

Portfolio Pulse from Charles Gross

March 03, 2024 | 9:15 pm

DOGEUSD

SHIBUSD

The article discusses the concept of a 'memecoin supercycle,' a period where memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) are expected to see significant gains. It highlights recent surges in memecoin values, such as Dogwifhat (WIF) and MAGA Memecoin (TRUMP), and the broader implications for the cryptocurrency market. The piece also touches on the reasons behind the memecoin supercycle, including a reaction against traditional financial systems and the accessibility of memecoins to investors of all wallet sizes. It concludes with a cautionary note on the risks involved in investing in memecoins.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 9:04 pm