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BTCUSD

Peter Schiff, a known Bitcoin critic, commented on Bitcoin's recent rally surpassing $56,000, suggesting it's more volatile than traditional markets. Despite his skepticism, his company Schiffgold accepts Bitcoin. Schiff also ventured into the NFT space with an Ordinal art collection on the Bitcoin blockchain. He maintains Bitcoin lacks intrinsic value compared to gold. Bitcoin was trading at $56,901, up 0.93%.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 4:09 am

COIN

HOOD

NTRA

TDOC

TWLO

VCYT

Cathie Wood's Ark Invest sold $9.3M worth of Coinbase (COIN) shares and Robinhood (HOOD) shares, despite a Bitcoin rally driving optimism in cryptocurrencies. The firm also adjusted its portfolio by buying shares in Unity Software (U), Veracyte (VCYT), and Natera (NTRA), while selling shares in Twilio (TWLO) and Teladoc (TDOC). These moves reflect Ark Invest's strategic adjustments amidst a bullish cryptocurrency market and its broader investment strategy.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 3:35 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin experienced significant gains, with Bitcoin reaching a 27-month high around $57,000. The surge is attributed to growing investor optimism and investments in spot Bitcoin ETFs. The cryptocurrency market's bullish sentiment is reflected in the Fear & Greed Index at 79, indicating 'extreme greed'. Analysts predict Bitcoin could reach $88,000 by the end of 2024, driven by institutional bullish sentiment and upcoming Bitcoin halving.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 3:02 am

BTCUSD

Edward Snowden, known for his interest in cryptocurrencies, recently asked his 5.7 million followers on X (formerly Twitter) if they own any Bitcoin. This follows his previous comments highlighting Bitcoin's impact on monetary systems. A poll showed 43.4% of 120,737 respondents hold Bitcoin. Bitcoin's value has increased by 34.9% since the start of 2024, recently surpassing $1 trillion in market cap and reaching all-time highs against several currencies. Snowden has praised Bitcoin as a significant monetary advancement.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 1:12 am

CRC

California Resources Corporation (CRC) has projected its total capital program for the year 2024 to be in the range of $300 million to $340 million.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:46 pm

AAPL

AMZN

BRK.B

BTC-USD

ETH-USD

GOOGL

LTC-USD

MSFT

TSLA

Congressman Shri Thanedar missed out on potential profits of over $120,000 by selling Bitcoin, Ethereum, and Litecoin before a February rally. The sales occurred on Feb. 5, with cryptocurrencies appreciating significantly since. Thanedar also sold positions in major stocks including Alphabet Inc, Microsoft, Tesla, Apple, Amazon, and Berkshire Hathaway Class B shares.

Portfolio Pulse from Chris Katje

February 27, 2024 | 11:28 pm

SNDX

Syndax Pharmaceuticals projects having $600M in cash and equivalents by 2026, with Q1 2024 R&D expenses between $56M-$62M and total operating expenses between $82M-$88M. The full year 2024 forecasts R&D expenses of $240M-$260M and total operating expenses of $355M-$375M, including $43M in non-cash stock compensation.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:15 pm

OVV

Ovintiv projects its FY24 capital program to be between $2.2B-$2.4B, aiming to achieve total production volumes of 545 MBOE/d to 575 MBOE/d.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:12 pm

CYTK

Cytokinetics projects 2024 revenue between $3M-$5M, with operating expenses of $420M-$450M and net cash utilization of $390M-$420M. After raising $83M through ATM equity and considering available long-term debt from Royalty Pharma, the company estimates a two-year cash runway.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:49 pm

MTUS

Metallus has announced its planned capital expenditures for fiscal year 2024, estimating around $60 million. This financial planning indicates the company's investment strategy and potential areas of growth or improvement.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:48 pm