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BTCUSD

Bitcoin (BTC) is down 4% ahead of the U.S. CPI data release on April 10, yet analysts remain optimistic about its long-term prospects. Technical analyst CryptoCon highlights the increase in short-term Bitcoin holders as a potential downside pressure factor but believes the crypto market has not reached its cycle top. Coinglass reports $56 million in liquidations, with a significant portion in long liquidations. IntoTheBlock data shows a 6.8% increase in daily active Bitcoin addresses and an 82.3% increase in large transaction volume. Analyst Ali Martinez's analysis of support and resistance levels suggests a bullish outlook for Bitcoin.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 7:37 pm

AAPL

AMZN

MSFT

Apple is reportedly seeking new office space in Miami, following the footsteps of Amazon and Microsoft. This move signifies Apple's expansion efforts and its intention to strengthen its presence in a region already chosen by other tech giants.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:36 pm

DOGE-USD

Dogecoin (DOGE) experienced a 7% decrease in value over the past 24 hours, amidst significant whale movements and a clarification by Dogecoin contributor Mishaboar about a misconception regarding Dogecoin's distribution. Mishaboar identified a wallet believed to hold 30% of Dogecoin's supply as Robinhood's cold wallet, used for holding DOGE on behalf of its users. He criticized the spread of misinformation by figures like Binance co-founder Changpeng Zhao. The situation highlights the importance of conducting thorough research in the crypto market.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 7:22 pm

GPK

Graphic Packaging Holding (NYSE:GPK) has seen an 18.09% increase in short interest since its last report, with 13.81 million shares sold short, representing 4.57% of its float. This indicates a bearish market sentiment, although it's higher than the peer group average of 2.96%. The article suggests that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:15 pm

GPN

Global Payments (NYSE:GPN) has seen a 5.99% increase in its short percent of float since the last report, with 7.18 million shares sold short, representing 2.83% of available shares. It would take about 3.09 days to cover these short positions. An increase in short interest can indicate bearish market sentiment, but GPN has less short interest than its peer average of 5.19%. This could be interpreted in various ways, including potential bullishness.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:15 pm

ROOT

Root, Inc. (NYSE:ROOT) has seen a 13.46% increase in its short percent of float since the last report, reaching 15.09% of all shares available for trading. With 1.41 million shares sold short, it would take approximately 1.25 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards ROOT compared to its peers, where the average short interest as a percentage of float is 5.56%.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:15 pm

ICPUSD

Internet Computer's cryptocurrency (ICP) has seen a significant decrease of 8.63% in the last 24 hours, bringing its price down to $16.29. This drop is part of a negative trend over the past week, with an overall 8.0% loss from $17.86. The trading volume for ICP has decreased by 43.0%, while its circulating supply has slightly increased by 0.33%, reaching 462.28 million. Currently, ICP ranks #22 in market cap with a valuation of $7.53 billion.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:03 pm

LTCUSD

Litecoin (CRYPTO: LTC) has experienced a significant decrease of 5.61% in the last 24 hours, bringing its price down to $98.13. This decline is part of a larger downward trend over the past week, with a total decrease of -9.0%. The trading volume for Litecoin has also dropped by 63.0% over the past week, and its circulating supply has slightly decreased by 0.07%, now standing at 74.40 million. Currently, Litecoin's market cap ranks it as the 23rd largest cryptocurrency, valued at $7.30 billion.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:02 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 3.58% decrease in price over the last 24 hours, contrasting with a 4.0% increase over the past week. The trading volume has decreased by 33%, and the circulating supply has slightly decreased by 0.13%, with a current market cap ranking of #13 at $16.33 billion.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:02 pm

STETHUSD

Lido Staked Ether (STETH) experienced a 5.3% price decrease over the past 24 hours, contrasting with a 7.0% increase over the past week. The trading volume has risen by 49.0%, while the circulating supply decreased by 0.86%, resulting in a current market cap ranking of #7 at $33.25 billion.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:01 pm