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GBTC

SARK

TARK

TSLA

Tesla, Inc (NASDAQ:TSLA) is entering its Q4 earnings report with a flat trade, following a Q3 earnings miss that led to a significant stock price drop. Analysts predict Q4 earnings per share of 74 cents on revenues of $25.59 billion, with vehicle deliveries exceeding estimates. The article discusses trading strategies for Tesla stock, mentioning the Grayscale Bitcoin Trust ETF (NYSE:GBTC) for Bitcoin exposure, and the AXS Short Innovation Daily ETF (NASDAQ:SARK) and AXS 2X Innovation ETF (NASDAQ:TARK) for bearish and bullish positions, respectively. Technical analysis suggests a bearish outlook for Tesla's stock with a potential bear flag pattern indicating a further decline.

Portfolio Pulse from Melanie Schaffer

January 24, 2024 | 7:36 pm

MKRUSD

Maker's cryptocurrency (MKR) has seen a significant price increase of 9.54% in the last 24 hours, reaching $2,063.89. Over the past week, MKR has gained 5.0%, with the trading volume rising by 32.0%. The circulating supply slightly decreased, while the market cap ranks at #46, valued at $1.90 billion. The volatility of MKR is depicted through Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:03 pm

IMXUSD

Immutable's cryptocurrency, IMX, has seen a 3.53% increase in price over the last 24 hours to $1.84, despite a 10% decrease over the past week from $2.05. The coin's all-time high is $9.52. Trading volume has decreased by 54% over the past week, while the circulating supply has increased by 0.8% to 1.33 billion, which is 66.51% of the max supply. IMX's market cap is currently ranked #38 at $2.45 billion.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:02 pm

HBAR-USD

Hedera (CRYPTO: HBAR) has seen a 4.3% price increase in the last 24 hours, reaching $0.07, despite a 10% decline over the past week from $0.08. The coin's all-time high is $0.57. Trading volume has decreased by 22% over the past week, while the circulating supply increased by 0.38% to 33.66 billion, approximately 67.33% of the max supply. Hedera's market cap is currently ranked #39 at $2.41 billion.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:02 pm

ARBUSD

Cryptocurrency Arbitrum (ARB) has seen a 4.33% increase in price over the last 24 hours, reaching $1.7, despite a 15% decline over the past week from $2.02. The coin's all-time high is $2.39. Trading volume for ARB has risen by 18% over the past week, and its circulating supply has increased by 0.22% to 1.27 billion, which is 12.75% of its max supply. Arbitrum's market cap is currently ranked #41, valued at $2.16 billion.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:01 pm

LDOUSD

Lido DAO's cryptocurrency (LDO) has seen a price increase of 7.44% in the past 24 hours, reaching $2.8, despite a weekly downtrend of 11%. The coin's all-time high is $7.30. Trading volume has decreased by 37% over the week, while circulating supply increased by 0.34% to 890.20 million coins, about 89.02% of the max supply. Lido DAO is currently ranked #36 in market cap at $2.49 billion.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:00 pm

DOGEUSD

SHIBUSD

A cryptocurrency trader known as 'Tarded Degen Gambler' lost $250,000 in January 2024 and shared his experience on X (formerly Twitter), receiving advice to trade responsibly. The story highlights the volatility and risks of cryptocurrency trading, with references to other traders' wins and losses, including the 'Dogecoin millionaire.' The trader has since sworn off using leverage in his future trades.

Portfolio Pulse from Ivan Crnogatić

January 24, 2024 | 6:21 pm

ETHUSD

On Tuesday, 3,219.96 Ether (ETH) valued at $7.19 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -1.26% for Ether, indicating a move towards a deflationary currency, especially with the anticipated Ethereum 2.0 upgrade that could further reduce the issuance rate.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 6:00 pm

AAPL

FTEC

IXN

MSFT

XLK

Microsoft Corp. (MSFT) reached a $3 trillion market valuation on January 24, 2023, driven by optimism in AI, challenging Apple Inc. (AAPL) as the world's most valuable company. MSFT's stock rose 1.4% to $404, surpassing AAPL's market cap briefly. Microsoft's growth is buoyed by its AI initiatives, particularly its partnership with OpenAI. Analysts predict a 14.7% revenue increase to $243.16 billion and a 14.3% rise in EPS to 11.2 by 2024. Microsoft is a major holding in several ETFs, including XLK, FTEC, and IXN.

Portfolio Pulse from Piero Cingari

January 24, 2024 | 5:55 pm

AMZN

BABA

DKNG

FIVE

GCT

GENI

MELI

NKE

TSLA

Whale activity in the Consumer Discretionary sector indicates large volumes of options trading, with notable transactions in TSLA, AMZN, BABA, DKNG, M, GENI, NKE, MELI, FIVE, and GCT. The sentiment of these trades varies, with bearish and bullish positions taken on different stocks, and significant amounts of money involved in each transaction.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:35 pm