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BTC

ETH

SOL

Solana (SOL) has reached a new annual high of $58, with a 40% increase in the past week. Analyst Jacob Canfield predicts that Solana could surge to $1,000 and potentially increase its market dominance to 12-15%. Canfield's analysis points to the breakout of SOLBTC from its weekly resistance and the broader uptrend in the cryptocurrency market. Despite the FTX bankruptcy estate selling 250,000 to 750,000 SOL tokens daily, Solana's price continues to rise.

Portfolio Pulse from Mehab Qureshi

November 13, 2023 | 6:11 am

BLK

BTCUSD

DOGEUSD

ETHUSD

BlackRock Inc (NASDAQ:BLK) is planning to create an ETF focused on Ethereum (ETH), which has led to a surge in major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The global crypto market cap increased by 3.03% in the past 24 hours. U.S. stock futures dipped slightly after Moody's revised the U.S. credit rating outlook to negative. Analyst Michael Van de Poppe sees a bull cycle for cryptocurrencies, while Cheds notes a bullish signal for Bitcoin. Solana (SOL) surpassed $54, indicating decoupling from other assets.

Portfolio Pulse from Mehab Qureshi

November 13, 2023 | 2:54 am

DDC

SGN

SHIM

DDC Enterprise Limited (NYSE:DDC), Signing Day Sports, Inc. (NYSE:SGN), and Shimmick Corporation (NASDAQ:SHIM) are set to go public this week with their IPOs. DDC is offering 4.25 million shares at $10.50 each, SGN is offering 1.5 million shares at $5.00 each, and SHIM is offering 4.55 million shares at $11.00 each. All three companies have set a 180-day insider lock-up period post-IPO.

Portfolio Pulse from Benzinga Insights

November 12, 2023 | 7:17 pm

BLK

DOGEUSD

ETHUSD

Cryptocurrency analysts predict surges in Dogecoin and Ethereum, with Dogecoin potentially increasing by 140-170% and Ethereum aiming to break resistance at $1,900. Bitcoin's price is rallying, surpassing $35,000, fueled by interest in Bitcoin Spot ETFs and the upcoming halving event. BlackRock is optimistic about SEC approval for its Bitcoin ETF by January 2024, which could inject $200 billion into Bitcoin markets and drive the price to $330,000.

Portfolio Pulse from Benzinga Neuro

November 12, 2023 | 4:01 pm

FRC

KBE

KRE

SBNY

US banks are facing $650 billion in unrealized losses on bond investments due to interest rate hikes. Banks invested in low-yield Treasury bonds before the hikes, and now the value of these bonds has plummeted. The failures of Silicon Valley Bank, First Republic Bank (FRC), and Signature Bank (SBNY) were partly due to such losses. Banks are considering holding the debt until maturity or selling it to invest in higher-yielding bonds. The banking sector is under pressure, with ETFs like SPDR S&P Bank ETF (KBE) and SPDR S&P Regional Bank ETF (KRE) seeing declines.

Portfolio Pulse from Bibhu Pattnaik

November 12, 2023 | 2:46 pm

CLF

RIO

VALE

Goldman Sachs (NYSE:GS) forecasts an iron ore supply deficit by year-end due to reduced production and low inventories, particularly highlighting issues with Vale's (NYSE:VALE) output. China's increased fiscal spending could boost demand, but the property crisis remains a concern. Goldman raised its iron ore price forecast for 2023 and 2024. The deficit may impact companies like Rio Tinto (NYSE:RIO), Cleveland-Cliffs (NYSE:CLF), and Arcelor Mittal (NYSE:MT).

Portfolio Pulse from Nabaparna Bhattacharya

November 11, 2023 | 7:50 pm

BTCUSD

ETHUSD

Arthur Hayes, co-founder of BitMEX, predicts Ethereum (ETH) could surge by 4,669% to reach $100,000 and maintains his forecast for Bitcoin (BTC) to hit $1 million. He advocates for investing in cryptocurrencies, especially BTC and ETH, as a hedge against global currency devaluation. Hayes sees potential in layer-one blockchains like Solana but doubts they will surpass Ethereum in developer activity or DApp usage. At the time of writing, BTC and ETH are up by 7% and 12% over the last seven days, respectively.

Portfolio Pulse from Bibhu Pattnaik

November 11, 2023 | 3:44 pm

BLK

Hong Kong is considering the introduction of cryptocurrency ETFs as part of its initiative to become a central hub for digital assets in Asia-Pacific. This move, discussed in the context of the upcoming Benzinga's Future of Digital Assets conference, is seen as a way to mainstream digital currencies. BlackRock Inc. (NYSE:BLK) is mentioned in relation to the potential approval of the first U.S. spot ETFs for Bitcoin, which has doubled in value this year.

Portfolio Pulse from Murtuza Merchant

November 11, 2023 | 2:24 pm

BLK

BTCUSD

Cryptocurrency analyst Michaël van de Poppe predicts a potential Bitcoin bull run, with a price target of $50,000 to $55,000, nearly 50% above the current level of $37,000. This outlook is based on the expected approval of BlackRock Inc.'s spot Bitcoin ETF and the Bitcoin halving event in 2024. Van de Poppe's analysis suggests that Bitcoin is entering the first year of a two-year bull cycle after a year-long bear market and accumulation phase.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 2:01 pm

BLK

BlackRock (NYSE:BLK), the world's largest asset manager, is reportedly 'increasingly confident' that the SEC will approve its spot Bitcoin ETF by January 2024. A former BlackRock manager suggested that such approval could lead to $200 billion flowing into Bitcoin markets, potentially raising Bitcoin's price to $330,000. The SEC is expected to decide on twelve ETFs by November 17, with experts predicting a 90% chance of approval by January 10, 2024. Additionally, BlackRock has registered an iShares Ethereum Trust, indicating a possible future application for a spot Ethereum ETF.

Portfolio Pulse from Benzinga Neuro

November 11, 2023 | 2:50 am