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BTCUSD

ETHUSD

Celestia's native token TIA has surged 685% in less than two months, outperforming Bitcoin and Ethereum's yearly gains, amid news of integration with Polygon. Bitcoin and Ethereum have seen YTD increases of 158% and 84%, respectively. The announcement of the integration led to a price increase for TIA, and its Social Dominance score and social interactions have also risen significantly. Cryptocurrency analyst Pentoshi commented on the price-driven perception of cryptocurrencies, suggesting that the cycle of changing narratives is likely to repeat.

Portfolio Pulse from Mehab Qureshi

December 20, 2023 | 7:03 am

BBJP

DXJ

EWJ

Japan's year-on-year exports for November decreased by 0.2%, falling short of the estimated 1.5% increase and the previous month's 1.6% rise. This indicates a contraction in Japan's export growth, which could have implications for Japan-focused ETFs such as BBJP, DXJ, and EWJ.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:45 am

BBJP

DXJ

EWJ

Japan's adjusted trade balance came in at -0.41 trillion, better than the estimated -0.72 trillion and an improvement from the previous -0.46 trillion.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:45 am

BTCUSD

A dormant Bitcoin wallet containing 2,101 BTC, worth approximately $88.55 million, became active after nearly a decade of inactivity. The Bitcoins were originally accumulated on February 17, 2015, and were valued at $510,543 at that time. The recent movement of these Bitcoins coincides with a significant surge in Bitcoin's value, which has increased by over 160% in 2023, partly due to optimism surrounding a potential Bitcoin spot ETF. Another whale transaction occurred last week, involving the transfer of 5,500 BTC worth $234 million. Bitcoin is currently trading at $42,439, experiencing a 1.60% decrease over the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 20, 2023 | 4:40 am

COIN

HOOD

PATH

Ark Invest, led by Cathie Wood, sold shares of Coinbase Global Inc (COIN) and Robinhood Markets Inc (HOOD) amid crypto market volatility. The sales were conducted through ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The firm also bought shares of Zoom Video Communications (ZM) and reduced holdings in UiPath Inc (PATH). These trades reflect Ark's strategy to adapt to market trends, especially in the tech and crypto sectors.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 4:33 am

BLK

MSTR

Michael Saylor, executive chair of MicroStrategy Inc., remains bullish on the company's Bitcoin investment strategy despite the potential approval of Bitcoin ETFs in the U.S. He believes MicroStrategy's approach of using 'intelligent' borrowing to invest in Bitcoin will maintain its competitive edge. The SEC's expected approval of Bitcoin spot ETFs, following discussions with BlackRock Inc. about its proposed rule, has generated optimism for multiple ETF approvals by January 2024. Grayscale Investments sees a spot Bitcoin ETF as a key to unlocking significant advised wealth into the Bitcoin market.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 4:09 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market saw a downturn with $116M in liquidations, affecting Bitcoin, Ethereum, and Dogecoin. Genesis blocked DCG from selling its ownership during bankruptcy proceedings. The S&P 500 and Nasdaq showed gains, with the latter closing above 15,000 for the first time since January 2022. Analyst Michael Van de Poppe predicts Bitcoin will stay in the $38-48K range for 3-6 months, while Jon Najarian suggests a potential Bitcoin ETF approval could lead to a 30% surge in its value. Wallets holding 1 or less BTC have accumulated the most coins ever since November.

Portfolio Pulse from Mehab Qureshi

December 20, 2023 | 3:09 am

SHOP

SOL

Solana (CRYPTO: SOL) has seen a 500% increase year-to-date in 2023, outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The interest in Solana has been fueled by airdrops, meme coins, and partnerships with Visa Inc (NYSE:V) and Shopify (NYSE:SHOP). Sam Bankman-Fried's historical tweet offering to buy SOL at $3 highlighted a significant investment opportunity. A $1,000 investment in Solana at the time of his tweet could be worth $20,114.46 today, a 1,911.4% return. Solana's momentum continues as it becomes the sixth largest cryptocurrency by market capitalization.

Portfolio Pulse from Chris Katje

December 19, 2023 | 10:24 pm

FEAM

5E Advanced Materials reported that as of December 8, 2023, the company had $4.34 million in cash and cash equivalents, according to a recent 8-K filing.

Portfolio Pulse from Charles Gross

December 19, 2023 | 10:14 pm

RSP

The Invesco S&P 500 Equal Weight ETF (RSP) has experienced a significant rally, rising nearly 19% from a 52-week low of $133.34 to a 52-week high of $158.25 in just 33 trading days. This performance is notable as it is the fastest such rally since 1957, except for one instance in September 1982. The equal-weighted approach of RSP means that all companies in the S&P 500, regardless of size, have the same impact on the ETF's performance. This rally suggests a potential for a strong market move in 2024, following a 23% increase year-to-date after a nearly 20% drop in 2022.

Portfolio Pulse from Erica Kollmann

December 19, 2023 | 10:09 pm