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ETCUSD

Ethereum Classic (CRYPTO: ETC) has experienced a 5% drop to $20.39 amid general cryptocurrency market volatility. This volatility is partly due to rising optimism about the SEC potentially approving a Bitcoin ETF, with Bloomberg suggesting a 90% chance of approval by January 10, 2024. Regulatory decisions on a Bitcoin ETF are significant for cryptocurrencies like Ethereum Classic, as they can lead to increased liquidity and market depth, as well as heightened price sensitivity to trades.

Portfolio Pulse from Henry Khederian

November 10, 2023 | 8:32 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin (BTC) reclaimed the $37,000 level, with a 2% increase, as anticipation grows for a potential U.S. SEC approval of a spot Bitcoin ETF. Ethereum (ETH) outperformed Bitcoin with a 13% surge, while both cryptocurrencies showed signs of consolidation. Dogecoin (DOGE) remained stable, trading sideways above its 200-day SMA. Technical analysis suggests bullish patterns for Bitcoin and Ethereum, with potential golden crosses forming. Dogecoin's consolidation could lead to a breakout if followed by high bullish volume.

Portfolio Pulse from Melanie Schaffer

November 10, 2023 | 8:32 pm

CTA

DBMF

EQLS

FMF

KMLM

MTBA

WTMF

Hedge fund strategies are being replicated in ETFs, offering lower fees and attracting institutional investors. Simplify's EQLS and MTBA, iMGP's DBMF, First Trust's FMF, Simplify's CTA, KFA's KMLM, and WisdomTree's WTMF are examples of such ETFs. EQLS received $104 million from GE's pension fund, while Michigan's pension fund invested $364 million in another Simplify ETF. These ETFs charge less than 1% in fees, compared to the typical 2% management and 20% performance fees of hedge funds, suggesting a potential for even lower fees in the future.

Portfolio Pulse from Surbhi Jain

November 10, 2023 | 8:29 pm

FXI

SPY

Treasury Secretary Janet Yellen stated that the U.S. is increasing its debt issuance along the long end of the yield curve, but did so less in the most recent refunding. This approach appears to have had a favorable impact, according to Yellen's comments reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:24 pm

BUSDUSD

Binance (CRYPTO: BUSD) announced plans to exit Russia and will stop accepting Russian ruble deposits starting Nov. 15, 2023. Withdrawals in rubles will end on Jan. 31, 2024. Users are advised to transfer funds to CommEX, which acquired Binance's Russian division, for zero-fee ruble withdrawals. The move comes amid Western sanctions against Russia, and Binance denies any ties with CommEX post-acquisition. The off-boarding process for Russian users is expected to take up to a year.

Portfolio Pulse from Khyathi Dalal

November 10, 2023 | 7:05 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TLT

TSLA

Following a poor Treasury auction and comments from Powell about raising rates, stocks initially fell but later saw buying interest due to Wall Street mechanics. iShares 20 Plus Year Treasury Bond ETF (TLT) dropped but is recovering. Consumer confidence and inflation data are expected to be market-moving, with CPI data due on November 14. Short squeezes are common on Fridays, and early trading suggests one may be occurring. Money flows are positive for big tech stocks like AAPL, AMZN, GOOG, META, MSFT, NVDA, and TSLA, while mixed for SPY and QQQ. The momo crowd is buying stocks and oil but selling gold, with smart money's actions locked. Bitcoin is seeing retail interest on hopes of a weekend price surge. The article suggests maintaining good long-term positions and having a protection band strategy with cash or hedges based on risk preference.

Portfolio Pulse from The Arora Report

November 10, 2023 | 7:03 pm

STETHUSD

Lido Staked Ether (STETH) has seen a significant price increase of 4.49% in the last 24 hours, reaching $2,091.27. Over the past week, the price has risen over 15%, up from $1,816.41. The coin's all-time high is $4,829.57. Trading volume for STETH has increased by 61% over the past week, and the circulating supply has grown by 1.35% to 8.96 million, which is the total max supply. STETH currently ranks #8 in market cap at $18.73 billion.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 7:00 pm

ATOMUSD

Cosmos Hub's cryptocurrency, ATOM, has seen a significant increase of 8.04% in its price over the past 24 hours, reaching $9.27. Over the past week, ATOM has gained 20.0%, rising from $7.69. Despite the recent gains, it is still well below its all-time high of $44.45. The trading volume has surged by 89.0% over the past week, and the circulating supply has slightly increased by 0.27% to over 292.59 million. ATOM's market cap is currently ranked #29, valued at $2.72 billion.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 7:00 pm

TRXUSD

TRON (CRYPTO: TRX) has seen a significant price increase of 7.94% in the last 24 hours, reaching $0.11. Over the past week, the cryptocurrency has risen over 8%, up from $0.10. The all-time high for TRX is $0.23. Trading volume has surged by 173% over the past week, while the circulating supply slightly decreased by 0.09%, now standing at 88.70 billion. TRON's market cap is currently ranked #11, valued at $9.35 billion.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 7:00 pm

CHTR

DIS

Walt Disney Co (NYSE:DIS) stock is down on Friday due to reports of the company evaluating its television network portfolio for potential sales or shifts. CEO Bob Iger has suggested that not all TV networks, such as ABC, FX, and National Geographic, are essential to Disney's core. The company is considering cost-cutting measures and efficiency improvements, and has discussed merging some networks with A+E Networks. Disney is also looking for a strategic partner for ESPN as it transitions to streaming. Charter Communications, Inc (NASDAQ:CHTR) may drop less critical Disney channels from its offerings. DIS shares fell by 3.06% to $87.58.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 6:58 pm