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DOGEUSD

Despite a 23% drop in Dogecoin's (DOGE) value since Dec. 9, the number of wallets holding the cryptocurrency has surged, adding 413.8K new wallets in two weeks, marking the fastest growth rate in the network's history. This growth occurs amidst a general downturn in the cryptocurrency market. Dogecoin has outperformed its memecoin rivals, with a higher percentage of holders in profit compared to Shiba Inu, Pepe, and Floki. Analyst Ali Martinez notes Dogecoin's Bollinger Bands indicate an imminent spike in price volatility.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 6:31 am

EWA

Australia's central bank has decided to keep the interest rate unchanged at 4.35% for February. This decision could impact investments related to the Australian economy, including the iShares MSCI Australia ETF (EWA).

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:30 am

BTC-USD

DOGE-USD

ETH-USD

LINK-USD

The global cryptocurrency market cap slightly increased by 0.6% to $1.64 trillion, with major coins like Bitcoin, Ethereum, and Dogecoin trading in the green. Despite high borrowing costs and the Federal Reserve's decision to maintain interest rates, cryptocurrencies showed resilience. Ethereum Name Service, Sui, and Optimism were top gainers. Analyst Michaël van de Poppe predicts a massive bull run for Bitcoin and cryptocurrencies in the next two years and highlights the positive impact of the upcoming Dencun upgrade on Ethereum. Chartist Ali Martinez points out Chainlink's potential for a 38% price increase if it overcomes resistance. Market analytics platform Santiment notes a bearish sentiment in the market, suggesting a possible bounce back.

Portfolio Pulse from Shivdeep Dhaliwal

February 06, 2024 | 5:07 am

DNA

HOOD

NTLA

NVDA

SHOP

SPOT

TSLA

Cathie Wood's Ark Invest purchased over $11 million worth of Tesla Inc (TSLA) shares, demonstrating confidence in the electric vehicle company despite market fluctuations. The firm also sold over $4.5 million in Nvidia Corp (NVDA) shares, aligning with Wood's preference for Tesla as a top AI investment over Nvidia. Additionally, Ark Invest adjusted its portfolio by selling Shopify Inc (SHOP) shares, and increasing investments in biotech firms Intellia Therapeutics Inc (NTLA) and Ginkgo Bioworks Holdings Inc (DNA), as well as in Robinhood Markets Inc (HOOD) and Spotify Technology SA (SPOT).

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 3:45 am

CAT

KMTUY

UBS predicts a bull market for gold and silver in 2024, driven by potential Federal Reserve interest rate cuts, with gold expected to reach $2,200 per ounce. The global mining equipment market is also forecasted to grow significantly, benefiting companies like Deere & Company, Caterpillar, and Komatsu America Corp. South Africa's President highlights challenges in the mining sector, including energy shortages and illegal activities, impacting the country's attractiveness to investors.

Portfolio Pulse from Austin DeNoce

February 05, 2024 | 10:44 pm

TPET

Trio Petroleum announced an update on its operations in Monterey County, California, stating that a production rig is now on-site at the McCool Ranch Oilfield to restart oil production. The company expects the first two wells to begin production this week.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:29 pm

PED

PEDEVCO Corp. has received approval for its development plan for the Roth 2-11 wells in the D-J Basin, marking a significant step forward in its exploration and production efforts in the region.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:24 pm

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Dogecoin (DOGE) has outperformed its memecoin rivals like Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI) in terms of holder profitability, monthly losses, and trading volume. Elon Musk's recent activity on Twitter has fueled speculation about Dogecoin's future, particularly regarding its potential use in the X Payments feature. Crypto analyst Ali Martinez predicts increased price volatility for Dogecoin based on Bollinger Bands analysis.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 10:18 pm

Spire has announced the pricing of a public offering of $350 million of its 5.300% Senior Notes due 2026, with half of the amount being sold by Spire and the other half by certain selling securityholders.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:10 pm

BTBT

Bit Digital reported a production of 145.7 BTC in January, marking a 14% decrease from the previous month. The company's active hash rate was around 2.50 EH/s as of January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:05 pm