Streetbeat News

Assets

BTCUSD

ETHUSD

MSTR

XRPUSD

MicroStrategy Inc's Bitcoin holdings have become profitable again as Bitcoin's value climbed above $30,000, driven by renewed hopes for SEC ETF approval and market optimism following the dismissal of charges against two Ripple executives. The company's total Bitcoin holdings were acquired at an average price of approximately $29,582 per coin, resulting in a profit of roughly $17.82 million. However, data suggests that if MicroStrategy had invested in Ethereum instead, their profit would have been significantly higher.

Portfolio Pulse from Mehab Qureshi

October 23, 2023 | 3:35 am

BTCUSD

DOGEUSD

ELONUSD

SHIBUSD

Dogelon Mars (CRYPTO: ELON) has surged 30% in the last 24 hours, outperforming meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The surge was driven by a 200% increase in trading volume, largely on platforms like UniSwap and KuCoin. The overall surge in meme coins due to Bitcoin's climb to $30,000 also contributed to ELON's rise. The launch of an exclusive NFT collection for the ELONgevity community further fueled interest in Dogelon Mars.

Portfolio Pulse from Mehab Qureshi

October 23, 2023 | 2:55 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant surge, with Bitcoin reaching $30,000. Over $65 million worth of shorts were liquidated in the past 24 hours, contributing to a total of $98 million in total liquidations. JPMorgan analysts expect the approval of spot Bitcoin ETFs within the next few months. The global crypto market cap currently stands at $1.11 trillion. Stock futures are showing a slight uptick as traders anticipate the upcoming release of earnings reports from major tech companies.

Portfolio Pulse from Mehab Qureshi

October 23, 2023 | 2:18 am

BLK

BTCUSD

DOGEUSD

This week's cryptocurrency news focused on Dogecoin's potential to reach $16, rising hopes for a Bitcoin ETF approval, and Anthony Scaramucci's bold prediction for Bitcoin's value. Crypto Analyst AMINSHEYBANI predicted that Dogecoin could surge over 27,000% and potentially reach $16. Ark Invest's CEO Cathie Wood stated that hopes are rising for a Bitcoin ETF approval by the SEC. Anthony Scaramucci of SkyBridge Capital projected that Bitcoin's value could skyrocket 2,662%, potentially rivaling a $15 trillion asset class. BlackRock Inc’s CEO Larry Fink commented on the Bitcoin rally following a false report about their application for an iShares Bitcoin Trust ETF.

Portfolio Pulse from Benzinga Neuro

October 22, 2023 | 1:02 am

JPM

WFC

Major US banks JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) collectively lost $84.5 billion in deposits during Q3. JPMorgan's deposits decreased by $31 billion, Wells Fargo's by $7.1 billion, and Citigroup's by $46.4 billion. Despite this, JPMorgan reported a net income of $13.2 billion for the quarter. The Federal Reserve Bank of St. Louis data indicates a trend of declining deposits across all commercial banks.

Portfolio Pulse from Bibhu Pattnaik

October 21, 2023 | 8:19 pm

BTCUSD

Crypto analyst Kevin Svenson predicts a significant price surge for Bitcoin (CRYPTO: BTC), potentially reaching $70,000, if the $32,000 resistance level is converted into a support base. This could trigger a massive uptick in Bitcoin's price, resulting in an approximate 130% increase from its current standing. Svenson also anticipates a spike in Bitcoin's volatility once the $32,000 resistance is transformed into a support level. Another catalyst could be the potential approval of a spot Bitcoin ETF.

Portfolio Pulse from Bibhu Pattnaik

October 21, 2023 | 7:52 pm

CVX

USO

XLE

XOM

Iraqi Prime Minister Mohammed Shia al-Sudani warned about the potential impact of the Israel-Hamas conflict on the global oil supply. He expressed concerns about the conflict escalating and affecting energy supplies, which could lead to economic crises and further conflicts. In the stock market, oil companies like ExxonMobil Corporation and Chevron Corporation, as well as ETFs such as the United States Oil Fund, LP and the Energy Select Sector SPDR Fund, could be impacted by any disruptions in the oil supply.

Portfolio Pulse from Bibhu Pattnaik

October 21, 2023 | 6:04 pm

TSLA

The government of Nuevo Leon in Mexico is planning to invest over $130 million in infrastructure to support the construction of Tesla's future Gigafactory. The project, expected to start in the first half of 2024, is part of a $5 billion Tesla initiative. Nuevo Leon Governor Samuel Garcia also revealed nearly $1 billion in projected investments from Chinese Tesla suppliers.

Portfolio Pulse from Nabaparna Bhattacharya

October 21, 2023 | 5:30 pm

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', predicts that Bitcoin (BTC) will surge to $135,000. He also forecasts that Gold will reach a value of $3,700. His predictions have sparked discussions within the cryptocurrency community, with some experts drawing parallels to Standard Chartered Bank's forecasts for Bitcoin's future. Bitcoin recently surpassed the $30,000 threshold for the first time since August 2023.

Portfolio Pulse from Ananya Gairola

October 21, 2023 | 5:52 am

KLAC

KLA (NASDAQ:KLAC) has outperformed the market over the past 15 years by 12.1% on an annualized basis, producing an average annual return of 23.45%. If an investor had bought $100 of KLAC stock 15 years ago, it would be worth $2,471.62 today.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 9:31 pm