Streetbeat News

Assets

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

NOW

Whales have shown a bearish stance on ServiceNow (NYSE:NOW), with options trading indicating a mix of bullish and bearish expectations. Notable trades include a range of puts and calls, targeting a price range from $300 to $1040. ServiceNow's current trading volume is 1,536,830, with a recent price drop of -2.39%, and an earnings announcement expected in 5 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:45 pm

BTCUSD

DOGEUSD

ETHUSD

ICPUSD

RUNEUSD

Cryptocurrency markets experienced a surge, with significant liquidations and exchange inflows ahead of the Bitcoin Halving. Geopolitical tensions following an Israeli military strike on Iran impacted global markets. Bitcoin, Ethereum, and Dogecoin saw price increases, with the global cryptocurrency market cap rising by 4.7%. Analysts predict potential movements for Bitcoin post-halving, highlighting its role as an institutional asset class.

Portfolio Pulse from Khyathi Dalal

April 19, 2024 | 8:35 pm

LEE

GAMCO Asset Management Inc. has reported a 2.76% stake in Lee Enterprises as of April 15, 2024, according to a 13D filing cited by Reuters from an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:26 pm