Streetbeat News

Assets

KMCM

LOAR

MFI

MRX

RAN

RBRK

YYGH

The upcoming week will see several companies launching their initial public offerings (IPOs), including Loar Holdings Inc (LOAR), Key Mining Corp (KMCM), RUBRIK, INC (RBRK), Marex Group plc (MRX), RanMarine Technology B.V. (RAN), YY Group Holding Limited (YYGH), and mF INTERNATIONAL LIMITED (MFI). These companies are set to trade publicly with specified price bands and shares offered, all having a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

April 21, 2024 | 6:07 pm

BTCUSD

DOGEUSD

SHIBUSD

SOLUSD

The cryptocurrency market experienced significant events this week, including Bitcoin's fourth halving, a shift in Raoul Pal's crypto portfolio favoring Solana over Ethereum, a notable increase in Shiba Inu's token burn rate, and a lack of response to Elon Musk's Dogecoin tweet. Despite these developments, Bitcoin's price saw a slight increase, and predictions suggest a potential rebound.

Portfolio Pulse from Navdeep Yadav

April 21, 2024 | 1:02 pm

ARKB

ARKW

TSLA

Cathie Wood's Ark Invest executed a pair trade in cryptocurrency ETFs, buying ProShares Ether Strategy ETF (EETH) and selling ProShares Bitcoin Strategy ETF (BITO), while also increasing its holdings in its own ARK 21Shares Bitcoin ETF (ARKB) ahead of the Bitcoin halving event. Additionally, Ark paused its buying of Tesla (TSLA) shares, amidst expectations of a disappointing first-quarter earnings report.

Portfolio Pulse from Shanthi Rexaline

April 21, 2024 | 12:44 pm

AAPL

MSFT

NVDA

QQQ

SPY

XLK

Tech stocks, led by Nvidia, Microsoft, and Apple, have entered correction territory due to a sell-off influenced by inflation concerns and potential interest rate hikes. The Nasdaq Composite and Nasdaq 100 indices have hit their lowest levels since early this year, with the Invesco QQQ Trust and the Technology Select Sector SPDR Fund experiencing significant declines. Despite fears of a 2000-like crash, some analysts argue the current situation is different due to stronger fundamentals and less speculative trading volume.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 4:00 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 172% increase in its burn rate, coinciding with a market price rebound. The burn removed over 5 million SHIB tokens, contributing to a recovery from recent lows. SHIB's price has risen, trading up by 3% in the last 24 hours. The Shiba Inu community is excited about ecosystem upgrades, including a user interface update for Shibarium and expanded wallet compatibility.

Portfolio Pulse from Bibhu Pattnaik

April 20, 2024 | 2:58 pm

BTCUSD

The Bitcoin network experienced its fourth halving, reducing the mining reward from 900 to 450 Bitcoin per day, potentially impacting miners' revenue by billions. Despite the halving, Bitcoin's price remained stable around $64,000. The event also led to a significant increase in transaction fees. This halving is part of Bitcoin's strategy to prevent inflation and maintain its cap at 21 million tokens. The mining sector may see consolidation, favoring publicly traded companies with better resources.

Portfolio Pulse from Bibhu Pattnaik

April 20, 2024 | 2:41 pm

BTCUSD

DOGEUSD

Doge Day, celebrated on April 20, is an informal event for Dogecoin (DOGE) enthusiasts, coinciding with a surge in its price and trading volume. This year, it follows the Bitcoin (BTC) halving event, which typically leads to a 'sell the news' market reaction. Bitcoin saw a 1.50% decrease, while Doge increased by 0.48%. Despite recent gains, Doge remains below its all-time high. Elon Musk, once a major promoter of Doge, has reduced his mentions of the coin, though he recently acknowledged Doge Day in relation to SpaceX's Starship launch anniversary.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:59 pm

BTCUSD

SPY

The article discusses the significant return on investment for those who invested in Bitcoin during the May 2020 halving, comparing it to the performance of the SPDR S&P 500 ETF Trust (SPY). It highlights the concept and historical impact of Bitcoin halvings, including the most recent one, and notes the approval of Bitcoin ETFs in January 2024 as a key event for Bitcoin this year.

Portfolio Pulse from Chris Katje

April 20, 2024 | 1:07 pm

BTCUSD

Bitcoin whales have acquired over $1.2 billion worth of BTC during a recent market dip, with their actions potentially signaling a forthcoming rally. The accumulation of 19,760 BTC occurred as Bitcoin's price fell below $60,000, contributing to a recovery to around $65,000. This behavior indicates a shift in market sentiment and could precede a rise in Bitcoin's price.

Portfolio Pulse from Rounak Jain

April 20, 2024 | 3:01 am

BTCUSD

Bitcoin experienced a 1.5% increase following its fourth halving event, where mining rewards were reduced from 6.25 BTC to 3.125 BTC. This event, which aims to manage scarcity and control inflation, has historically led to bullish market trends. Despite predictions of short-term volatility, there's optimism for Bitcoin's long-term price, with billionaire investor Tim Draper forecasting a rise to $250,000. The global cryptocurrency market cap surged by 4.7%, with significant spikes in crypto liquidations and exchange inflows.

Portfolio Pulse from Navdeep Yadav

April 20, 2024 | 12:56 am