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BTCUSD

Crypto analyst Benjamin Cowen predicts a potential downturn for Bitcoin (CRYPTO: BTC) to a target of $23,000. This comes amid concerns about Bitcoin's recent lows around the $25,000 mark. Cowen suggests that surpassing these lows could severely impact the altcoin market. He also hinted at a potential topping pattern for Bitcoin's current market behavior.

Portfolio Pulse from Murtuza Merchant

October 12, 2023 | 2:11 pm

AMZN

Amazon.com (NASDAQ:AMZN) has outperformed the market over the past 15 years, producing an average annual return of 30.12%. If an investor had bought $1000 of AMZN stock 15 years ago, it would be worth $52,292.70 today.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:01 pm

OPGN

RVLP

SECO

TPST

TTOO

VS

US stocks traded slightly lower following the release of the Consumer Price Index (CPI) data. The Dow, NASDAQ, and S&P 500 all fell slightly. Energy shares surged by 0.8% while consumer staples shares fell by 0.5%. The U.S. inflation rate was steady at 3.7% for September. Secoo Holding Limited (SECO), OpGen, Inc. (OPGN), and Versus Systems Inc. (VS) saw significant increases in their share prices. RVL Pharmaceuticals plc (RVLP), Tempest Therapeutics, Inc. (TPST), and T2 Biosystems, Inc. (TTOO) saw significant decreases.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 1:46 pm

BTCUSD

ETHUSD

RUNEUSD

Bitcoin and Ethereum prices fell below $27,000 and $1,600 respectively, following the release of the U.S. inflation rate data. The global crypto market cap also fell to $1.05 trillion, recording a 24-hour decline of 1.3%. Loom Network was the top gainer over the past 24 hours, while THORChain and Rocket Pool were among the biggest losers.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 1:34 pm

TRNO

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Red Hook, Brooklyn, New York for approximately $27.5 million. The property, which is 66% leased to 19 tenants, consists of one industrial flex building of about 96,000 square feet on 3.8 acres. The estimated stabilized cap rate is 6.4%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:20 pm

BP

OSG

Overseas Shipholding Group (OSG) has purchased a vessel from BP for a total capital commitment of approximately $50 million. The vessel, Alaskan Frontier, is expected to be reactivated and available for service by the fourth quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:18 pm

BTOG

Bit Origin Ltd (NASDAQ:BTOG) has provided an update on its operations for September 2023. The company mined 15.9 Bitcoins and achieved a revenue of $416,444. It ceased operations in Indiana and moved to Wyoming, where it has installed 3,200 miners with a total mining hash rate of 320 PH/s. An additional 1,050 miners are waiting to be deployed. The company also ceased operations in Georgia from December 2022.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:15 pm

APLE

Apple Hospitality REIT has acquired Courtyard By Marriott Salt Lake City Downtown for approximately $48.1M, Hyatt House Salt Lake City/Downtown for approximately $34.3M, and a 346-space parking garage for approximately $9.1M. The company also has two additional hotels under purchase for approximately $55.5M and $36.8M.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:03 pm

MORF

Morphic Holding Inc has reported preliminary cash, cash equivalents, and marketable securities totaling about $725M as of September 30, according to an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:00 pm

EIS

Israeli Prime Minister Benjamin Netanyahu and US Secretary of State Antony Blinken have united against Hamas, comparing the group to ISIS. The US has sent the first shipments of military support to Israel. The Israeli Air Force has launched strikes on over 70 targets in the Gaza Strip. The International Monetary Fund (IMF) is monitoring the situation and its impact on the global economy, particularly oil markets. The Israeli shekel is down 0.3% against the dollar, and the TA-125, Israel’s major stock market index, was down 0.2%. The iShares MSCI Israeli ETF (NYSE:EIS) fell 1.5%.

Portfolio Pulse from Piero Cingari

October 12, 2023 | 12:50 pm