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Portfolio Pulse from Mehab Qureshi

August 21, 2023 | 3:41 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced mixed trading following market turmoil. A court decision regarding the dispute between Grayscale and U.S. regulators, which could have positively impacted Bitcoin's price, did not materialize. Bitcoin's price fell by approximately 11% last week, marking its worst weekly return since November. The global crypto market capitalization stands at $1.06 trillion, a 0.47% increase in the last day. Analysts suggest that Bitcoin ETF rulings could impact the market, and some traders are nervous about potential negative outcomes.

Portfolio Pulse from Mehab Qureshi

August 21, 2023 | 2:40 am

COIN

OpenSea, a leading NFT marketplace, has faced backlash over its decision to stop enforcing mandatory creator royalties on secondary sales of NFTs. The change, which will take effect in March 2024, has been criticized by Yuga Labs, the company behind popular NFT collections, and Mark Cuban, an investor in OpenSea. Yuga Labs plans to sunset support for OpenSea's SeaPort by February 2024, and there is speculation that it may launch its own NFT marketplace. Coinbase Global (NASDAQ:COIN), which operates an NFT marketplace, has stated its commitment to enforcing creator royalties.

Portfolio Pulse from Chris Katje

August 20, 2023 | 10:21 pm

BTCUSD

DOGEUSD

SHIBUSD

SOLUSD

XRPUSD

The recent market downturn has led to significant declines in cryptocurrency market caps, sparking debate among traders and investors. Crypto analytics firm Santiment suggests that the average returns on altcoins are currently in a 'mathematically historic opportunity zone', indicating potential upside for investors. Despite the market turmoil, the number of substantial Bitcoin wallet holders hasn't declined, suggesting confidence among seasoned investors. The overall cryptocurrency market has experienced a significant drop, with Ripple, Solana, Dogecoin, and Shiba Inu seeing decreases of 13%, 11.3%, 15.6%, and 21% respectively in the past week.

Portfolio Pulse from Murtuza Merchant

August 20, 2023 | 1:32 pm

BTCUSD

DOGEUSD

ETHUSD

FLOKIUSD

SHIBUSD

SpaceX has reportedly sold its entire Bitcoin holdings, resulting in a write-down of $373 million. Former President Donald Trump has been revealed to hold a significant amount of Ethereum, valued between $250,000 and $500,000. Crypto investor Anthony Pompliano remains bullish on Bitcoin, despite its current price being more than 50% below its all-time high. Cryptocurrency FLOKI has expressed its admiration for fellow meme coins, Dogecoin and Shiba Inu. A mysterious whale has transferred a massive amount of Shiba Inu tokens, equivalent to approximately $40.7 million.

Portfolio Pulse from Benzinga Neuro

August 20, 2023 | 2:00 am

BTCUSD

DOGEUSD

SHIBUSD

SOLUSD

XRPUSD

Glassnode co-founders Jan Happel and Yann Allemann suggest that Bitcoin (BTC) could be nearing its bottom, with two possible short-term outcomes: a gradual decline to the $24.8k - $25k range or a swift, sharp drop countered by buying pressure. Crypto strategist Rekt Capital notes a shift in market dynamics and a lack of buy-side pressure, hinting at possible further declines. Major cryptocurrencies like Ripple (XRP), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB) have seen significant losses over the last seven days.

Portfolio Pulse from Murtuza Merchant

August 19, 2023 | 6:12 pm

DOGEUSD

Billy Markus, the creator of Dogecoin, shared his top investment principle for digital assets and his favorite tokens. He advised traders not to invest more in crypto assets than they would be comfortable losing. Markus also expressed his preference for Bitcoin and Ethereum, and characterized Dogecoin as 'Bitcoin in a dog suit'. He showed a lack of enthusiasm for ERC-20 tokens, assets built on the Ethereum network. Dogecoin was trading at $0.06357, down by 18 percent in the last seven days.

Portfolio Pulse from Bibhu Pattnaik

August 19, 2023 | 5:26 pm

BRK

COF

DHI

GOOGL

LEN

NVDA

NVR

OXY

Recent filings with the Securities and Exchange Commission reveal strategic shifts in the portfolios of Warren Buffett, Michael Burry, and Bill Ackman. Buffett's Berkshire Hathaway has invested in the housing industry, including Lennar Corp, NVR Inc, and DR Horton Inc, and expanded its footprint in Capital One and Occidental Petroleum. Michael Burry has taken a defensive stance on the S&P 500 and Nasdaq-100 indices, holding bearish put options valued at $1.6 billion. Bill Ackman has increased his focus on AI, with his Pershing Square fund acquiring a significant chunk of Alphabet Inc. Class C shares.

Portfolio Pulse from Bibhu Pattnaik

August 19, 2023 | 5:16 pm

BTCUSD

DOGEUSD

Bitcoin's recent crash coincided with SpaceX's alleged unexpected pull-out, reminding experts of past market volatility during the 'Elon-driven tops and bottoms'. Bitcoin remained close to its lowest point in two months, with an 8% loss after a single day of trading. The crash was characterized by mass sell-offs in derivative markets. Experts are cautious about a return to such volatility. SpaceX reportedly had $373 million worth of Bitcoin on its balance sheet in 2021 and 2022. Bitcoin was trading at $25,887 a piece, down about 2.3% in the past 24 hours.

Portfolio Pulse from Ananya Gairola

August 19, 2023 | 11:31 am

MAR

Marriott Intl (NASDAQ:MAR) has seen unusual options activity, with a majority of investors taking a bearish stance. Of the 15 strange trades detected, 73% were bearish and 26% bullish. The total amount for puts was $519,908 and for calls, $280,743. Whales have been targeting a price range from $155.0 to $220.0 for Marriott Intl over the last 3 months. The current price of MAR is $202.09, down -0.12%. Analysts from BMO Capital, Barclays, Bernstein, and Wells Fargo have maintained their ratings on Marriott, with price targets ranging from $189 to $222.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 8:45 pm