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Assets

BTC-USD

Crypto hedge funds are experiencing a resurgence, with Pantera Capital's liquid-token fund up nearly 80% this year, and Chainview Capital doubling its value. Despite the closure of about a third of crypto hedge funds after the FTX collapse, the remaining funds are optimistic about 2024, driven by Bitcoin's strong performance and the potential approval of Bitcoin ETFs in the U.S. A PwC report highlights significant global regulatory progress in the crypto space, suggesting a more stable future for digital assets.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 2:42 am

META

MSTR

NYT

RIOT

TSLA

The stock market saw gains with the Dow Jones, NASDAQ, and S&P 500 all rising. Riot Platforms Inc (RIOT) and MicroStrategy Incorporated (MSTR) experienced significant increases, attributed to Bitcoin's recent price movements and MicroStrategy's Bitcoin holdings. Meta Platforms Inc (META) closed higher with bullish analyst predictions on AI and the Metaverse. The New York Times Company (NYT) also rose amidst a legal battle with OpenAI and Microsoft. Tesla, Inc (TSLA) increased with positive expectations for Q4 delivery results.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 1:53 am

DOGEUSD

XRPUSD

Significant whale activity has been observed in Dogecoin (DOGE) and XRP, with large transfers to various wallet addresses. An unknown wallet transferred 71.2 million DOGE to a Robinhood wallet and 40.03 million to another wallet. Additionally, 367.06 million DOGE was moved between unknown wallets. XRP saw a Binance wallet transfer 300 million XRP to an unknown wallet, among other large transactions. The XRP Ledger experienced a 350% surge in daily transactions, reaching 4.11 million, the highest in two years. Observers and influencers are speculating on the potential impact of this activity on the price of these cryptocurrencies. Dogecoin creator Billy Markus collected over $10,000 in cryptocurrencies through tips. Crypto YouTuber Ben Armstrong and financial blog WallStreetBulls anticipate positive movements for XRP. DOGE and XRP prices have increased by 3.7% and 3.1% respectively in the past 24 hours.

Portfolio Pulse from Khyathi Dalal

December 27, 2023 | 9:34 pm

TLT

XLRE

U.S. 30-year Treasury yields fell below 4%, the lowest since late July, prompting a rise in fixed income and real estate assets due to expectations of Federal Reserve rate cuts. The iShares 20+ Year Treasury Bond ETF (TLT) surged 21% since late October, and the Real Estate Select Sector SPDR Fund (XLRE) increased by 19% over the past three months, both benefiting from the market's anticipation of rate reductions.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 8:37 pm

BTCUSD

Perianne Boring, CEO of the Chamber of Digital Commerce, predicts Bitcoin could reach $1 million per coin. The anticipation of a spot Bitcoin ETF approval has driven a 160% increase in Bitcoin's price this year, with a 65% rise in the last three months. Boring argues that the approval will allow easier access for investors, potentially increasing demand and driving prices higher. Institutional investors could improve their Sharpe ratio by adding Bitcoin to their portfolios. The Chamber's valuation models place Bitcoin's current value between $100,000 and $210,000, with potential for significant growth as adoption increases.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 8:31 pm

General Motors (NYSE:GM) has seen a decrease in short interest, with the short percent of float dropping 18.57% since the last report. The company has 26.31 million shares sold short, representing 1.93% of available shares. The current short interest suggests it would take about 1.0 trading day to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price increase. GM's short interest is below its peer group average of 13.13%.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 8:00 pm

HBARUSD

Hedera's cryptocurrency, HBAR, has seen a price increase of 6.57% in the last 24 hours, reaching $0.09. Over the past week, the price has risen over 7%, despite a 36% drop in trading volume and a slight decrease in circulating supply. HBAR's market cap is currently ranked #35 at $3.11 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 7:03 pm

FILUSD

Filecoin (CRYPTO: FIL) has seen a significant increase of 9.17% in its price over the past 24 hours, reaching $5.99. Over the last week, FIL has gained 13.0%, rising from $5.3. Despite the recent gains, it is still far from its all-time high of $236.84. The trading volume has surged by 76.0% in the past week, while the circulating supply slightly decreased by 0.07%. Filecoin's market cap is currently ranked #36, valued at $2.91 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 7:02 pm

XLMUSD

Stellar's cryptocurrency (XLM) has seen a 7.09% increase in price over the past 24 hours, reaching $0.13. Over the past week, it has gained 8.0%, rising from $0.12. The coin's all-time high is $0.88. Trading volume surged by 96.0% over the past week, and the circulating supply slightly increased by 0.04% to 28.25 billion, which is 56.5% of the maximum supply. Stellar currently ranks #27 in market cap at $3.75 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 7:02 pm

AAPL

COIN

DIA

GLD

QQQ

SPY

TSLA

UUP

U.S. stocks showed little movement on Wednesday, with major indices near all-time highs. The dollar and Treasury yields fell, with the Invesco DB USD Index Bullish Fund ETF (UUP) down 0.6% and the 10-year Treasury note yield at a five-month low. Gold prices rose, reflected by the SPDR Gold Trust (GLD), up 0.9%. Major ETFs like SPY, DIA, and QQQ were stable. Real Estate (XLRE), Consumer Staples (XLP), and Utilities (XLU) sectors gained, while Energy (XLE) dipped. Gold miners (GDX) and oil services (OIH) ETFs moved in opposite directions. Tesla (TSLA) rose on Model Y news, crypto stocks like Coinbase (COIN), Bit Digital (BTBT), and Marathon Digital (MARA) surged, and Apple (AAPL) remained steady after a legal update.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 7:02 pm