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BTCUSD

COIN

This week in cryptocurrency saw Tucker Carlson and Andrew Tate discussing potential misuse of cryptocurrencies, ARK offloading $12M worth of Bitcoin-linked stock amid a Bitcoin rally, Robert Kiyosaki predicting a crash in the crypto market, rumors of Bank of America shutting down accounts linked to Coinbase, and a feud between Elon Musk and Mark Zuckerberg causing crypto gamblers to seek high returns.

Portfolio Pulse from Benzinga Neuro

July 16, 2023 | 11:03 am

BTCUSD

Cryptocurrency analyst DonAlt has warned that Bitcoin (BTC) could face a potential collapse of up to 30% if it loses the key $30,000 level. The analyst believes that the impact of recent positive developments, such as the submission of Bitcoin spot ETF applications and a significant ruling related to XRP, could fade, leading to a sharp decline in BTC's value. However, he also suggested that altcoins might retain some momentum, even in the event of a gradual decline over the next few days.

Portfolio Pulse from Bibhu Pattnaik

July 15, 2023 | 7:34 pm

RIVN

TSLA

A Rivian Automotive Inc (NASDAQ: RIVN) EV owner was charged $42,000 for a minor fender bender repair, roughly half the price of his truck. The high cost was attributed to the scarcity of repair facilities for the Rivian R1T and the associated expenses involved in fixing EVs equipped with advanced technology components. Rivian, like Tesla Inc (NASDAQ:TSLA), follows a non-dealer approach, resulting in limited repair options.

Portfolio Pulse from Bibhu Pattnaik

July 15, 2023 | 5:26 pm

BTCUSD

Crypto influencer WendyO has called for a shake-up at the Securities and Exchange Commission (SEC), including the firing of Gary Gensler. She believes that the crypto industry needs better representation and that new laws and regulations should be shaped by people who understand the unique nature of crypto assets. WendyO also expressed concerns about traditional financial institutions like Fidelity filing for spot Bitcoin ETFs, warning that these institutions could force people to invest in traditional financial products and have third parties hold their coins.

Portfolio Pulse from Mehab Qureshi

July 15, 2023 | 11:48 am

TSLA

A 1997 McLaren F1 car, once owned by Tesla Inc. (NASDAQ:TSLA) owner Elon Musk, is on display at the Goodwood Festival of Speed. Musk bought the car in 1999 for $1 million and sold it in 2007. The car is now worth approximately $20 million.

Portfolio Pulse from Anan Ashraf

July 15, 2023 | 5:51 am

BTCUSD

ETHUSD

Florida governor and U.S. presidential hopeful Ron DeSantis, a supporter of Bitcoin and Ethereum, has voiced his opposition to the establishment of a central bank digital currency (CBDC). DeSantis views CBDC as a threat to American liberty, stating that it could lead to the prohibition of certain purchases and the imposition of a social credit system. This comes as the Biden administration prepares to launch America's digital currency, a virtual representation of physical cash.

Portfolio Pulse from Navdeep Yadav

July 15, 2023 | 4:16 am

PSA

Public Storage (NYSE:PSA) has outperformed the market over the past 20 years, producing an average annual return of 11.34%. If an investor had bought $100 of PSA stock 20 years ago, it would be worth $857.42 today.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:30 pm

ILMN

Illumina (NASDAQ:ILMN) has outperformed the market over the past 20 years by 18.19% on an annualized basis, producing an average annual return of 26.03%. If an investor had bought $1000 of ILMN stock 20 years ago, it would be worth $103,972.22 today.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:30 pm

TXN

Texas Instruments (NASDAQ:TXN) has outperformed the market over the past 20 years, producing an average annual return of 11.85%. If an investor had bought $100 of TXN stock 20 years ago, it would be worth $1,011.47 today.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:00 pm

STZ

Constellation Brands (NYSE:STZ) has outperformed the market over the past 15 years, producing an average annual return of 17.93%. If an investor had bought $100 of STZ stock 15 years ago, it would be worth $1,171.34 today. The company currently has a market capitalization of $46.83 billion.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:00 pm