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BTCUSD

HTX exchange experienced a $258 million net outflow after resuming operations post a significant hack. The exchange, linked to Justin Sun, had a $30 million loss in crypto tokens due to the security breach. Sun has promised full reimbursement to affected users and an ongoing investigation. Despite the outflow, HTX remains the 16th largest crypto exchange by daily trade volume. Bitcoin's price has fallen 3.71% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 11, 2023 | 7:43 am

DOGEUSD

Cryptocurrency analyst Ali Martinez has indicated that Dogecoin (DOGE) has cleared all major resistance levels and could surge to $0.14 if the $0.095 support level holds. This assessment is based on the activity of 63,280 addresses that have purchased 3.2 billion DOGE. Another analyst, Captain Faibik, predicts a potential 700% increase in DOGE's price by July 2024, targeting $0.70. Currently, DOGE is trading at $0.099, experiencing a slight decline.

Portfolio Pulse from Mehab Qureshi

December 11, 2023 | 6:26 am

GOLD

Barrick Gold has announced that the Porgera Mine in Papua New Guinea, which is a joint venture between Barrick and Zijin of China, will resume operations with gold pouring expected to begin in early 2024. The equity in New Porgera is split with 51% held by PNG stakeholders and 49% by Barrick Niugini Limited. PNG stakeholders will receive 53% of the economic benefits, potentially amounting to over $7 billion over 20 years, assuming a gold price of $1,800 per ounce.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:23 am

BBJP

DXJ

EWJ

Japan's BSI Large Manufacturing Conditions index for Q4 came in at 5.7, slightly above the estimate of 5.6 and the previous value of 5.4, indicating a modest improvement in sentiment among large manufacturers.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 5:14 am

BTCUSD

ETHUSD

The cryptocurrency market experienced a significant liquidation event with over $340 million in long positions being liquidated in the last 24 hours. Bitcoin and Ethereum led the liquidations with $94 million and $80 million respectively. The largest single liquidation was a Bitcoin-to-USDT swap on OKX worth $8.23 million. OKX and Binance saw the highest liquidations, with OKX at $164.62 million and Binance at $118.33 million. On-chain analyst Willy Woo suggested a potential correction for Bitcoin to $39,700, while commentator Peter Schiff compared Bitcoin's decline to the Philadelphia Eagles' poor performance.

Portfolio Pulse from Mehab Qureshi

December 11, 2023 | 3:50 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies showed mixed performance with Bitcoin (BTC) undergoing a correction, Ethereum (ETH) surging 5%, and Dogecoin (DOGE) declining. Total crypto market liquidations reached $374.41 million. U.S. stock futures rose slightly ahead of the Federal Reserve meeting. Analysts predict altcoin market cap could reach $1.1-1.3T and suggest Bitcoin may mirror Amazon's 2010 recovery pattern, indicating a potential parabolic surge.

Portfolio Pulse from Mehab Qureshi

December 11, 2023 | 3:07 am

BTCUSD

MSTR

Crypto analyst Willy Woo discussed the bull and bear cases for Bitcoin, citing a recent 23% rally and year-to-date gains of 164%. Bullish factors include lower rates, a peaking U.S. dollar index, potential approval of a Spot Bitcoin ETF, and strong demand from companies like MicroStrategy. Bearish indicators involve technical patterns, Bitcoin returning to exchanges, a CME gap, reduced futures demand, and potential for long position liquidations. The SEC has a window until Jan. 10, 2024, to approve the Spot Bitcoin ETF, with 13 applicants in line. Other context includes Peter Schiff's comments on gold, expectations for Fed rates, the U.S. dollar index's performance, and CoinGlass data on Bitcoin liquidations.

Portfolio Pulse from Khyathi Dalal

December 10, 2023 | 3:11 pm

SOLUSD

Solana-based liquid staking protocol JITO saw a trading volume of $1.1 billion on its first day of trade after Bitget listed the JITO token. The token's value increased by 43% to $3.36. JITO airdropped governance tokens to users, with a total supply capped at 1 billion and 115 million in circulation. The protocol has over 6.4 million SOL staked, worth around $460 million. The Solana ecosystem is experiencing growth due to recent developments, although SOL's price dropped by 4.90% with a 31.55% decline in trading volume.

Portfolio Pulse from Khyathi Dalal

December 10, 2023 | 2:10 pm

BTC-USD

GLD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' warned of the U.S.'s worsening financial situation due to a significant increase in national debt, which rose by $240 billion in November 2023. The total debt reached $33.878 trillion, up $2.46 trillion from the previous year. Kiyosaki criticized the government's money printing policies, predicting persistent inflation and economic mismanagement. He advocated for gold and Bitcoin as hedges against currency devaluation.

Portfolio Pulse from Bibhu Pattnaik

December 09, 2023 | 6:02 pm

SHOP

V

Solana (CRYPTO: SOL) has seen a significant increase of over 20% in the past week, outperforming Bitcoin and Ethereum. The cryptocurrency has been in the spotlight due to the Jito airdrop and its use in NFTs and blockchain gaming. Partnerships with Visa (NYSE:V) and Shopify (NYSE:SHOP) for payment solutions have also been highlighted. Despite a challenging 2022, Solana has rebounded in 2023, with a 550% increase year-to-date. An investment of $100 in Solana now could potentially return 256.3% if SOL reaches its all-time high of $260.07.

Portfolio Pulse from Chris Katje

December 09, 2023 | 4:58 pm