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BTCUSD

Ali Martinez, a technical and on-chain analyst, shared a dollar-cost averaging (DCA) strategy for Bitcoin investment on X (formerly Twitter). The strategy involves buying a fixed amount of Bitcoin at regular intervals, aiming to reduce the impact of market volatility. Martinez outlined steps for implementing this strategy and suggested specific buying points for Bitcoin based on its price. This approach is designed for long-term profitability despite potential short-term price pullbacks.

Portfolio Pulse from Khyathi Dalal

March 20, 2024 | 7:13 pm

SPY

Fed Chair Powell emphasized the goal of returning the Fed's balance sheet to primarily Treasuries, stating it's not urgent to make decisions on this now. He highlighted the importance of learning from past mistakes in balance sheet runoff and paying attention to indicators that foreshadowed the end of the first quantitative tightening (QT1).

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:07 pm

RUNEUSD

THORChain's cryptocurrency, RUNE, has seen an 11.33% increase in price over the last 24 hours, reaching $8.84, despite a 25% decrease over the past week from $10.57. The coin's all-time high is $20.87. Trading volume has decreased by 26% over the past week, and the circulating supply has decreased by 0.58% to over 300.70 million, which is 60.14% of its max supply. RUNE's market cap ranking is now #50 at $2.63 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:03 pm

MKRUSD

Maker (MKR) has seen a 4.5% increase in price over the last 24 hours, reaching $3,033.16, with a weekly gain of over 2.0% from $2,872.34. The coin's all-time high is $6,292.31. Trading volume has decreased by 19.0% over the past week, and the circulating supply has dropped by 0.85% to over 924 thousand, which is 91.93% of its max supply. Maker's market cap ranking is currently #46 at $2.78 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:02 pm

FETUSD

Fetch.ai's cryptocurrency (FET) has seen an 8.15% increase in price over the last 24 hours, reaching $2.71, despite a 1.0% decrease over the past week. The trading volume has increased by 76.0%, while the circulating supply decreased by 0.62%, with a current market cap ranking of #47 at $2.77 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:02 pm

IMXUSD

Immutable's cryptocurrency (IMX) has seen a price increase of 3.99% in the last 24 hours, reaching $2.8, despite a 21.0% decrease over the past week from $3.45. The coin's all-time high is $9.52. Trading volume and circulating supply have decreased by 3.0% and 0.56% respectively, with a current market cap ranking of #34 at $3.87 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:01 pm

UPS

Recent options trading trends for United Parcel Service (NYSE:UPS) show a predominantly bearish sentiment among investors, with 87% of detected trades being bearish. The trades range between $130.0 to $160.0 strike prices, indicating expectations of price movements within this range. UPS's current market status shows a slight increase in stock price to $153.71, with an upcoming earnings announcement in 34 days. The company, known for its vast logistics network, is exploring strategic alternatives for its Coyote unit.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:01 pm

ARKK

COIN

NVDA

SARK

SPY

TARK

TSLA

Cathie Wood's ARK Innovation ETF (ARKK) has experienced a significant outflow, losing over 3% in value and 2% of its net assets in a week. This contrasts sharply with the broader market's performance, exemplified by the SPDR S&P 500 ETF Trust (SPY) which is up 8.5% in the same period. Investors are concerned about Wood's decision to divest from Nvidia (NVDA), which has seen substantial growth. Wood's current focus is on Coinbase (COIN), which has surged over 50% YTD, and Tesla (TSLA), despite its recent struggles. For those betting against ARKK, the AXS Short Innovation Daily ETF (SARK) and for supporters, the AXS 2X Innovation ETF (TARK) are available.

Portfolio Pulse from Johnny Rice

March 20, 2024 | 7:00 pm

BCHUSD

Bitcoin Cash (BCH) has seen a 3.14% increase in its price over the last 24 hours, reaching $388.39, despite a 13.0% decrease over the past week from $436.45. The coin's all-time high is $3,785.82. Trading volume has decreased by 24.0% over the past week, and the circulating supply has slightly decreased by 0.32% to 19.67 million, which is 93.68% of its max supply. Bitcoin Cash's market cap ranking is currently #20 at $7.58 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:00 pm

RIO

Rio Tinto (NYSE:RIO) announced a $350 million investment in its Rincon lithium project in Argentina, aiming to expand the plant and support the EV market with high-quality lithium. This move highlights Argentina's growing role in the global lithium market, with the country's production increasing by 45% from 2022 to 2023. The Rincon project, part of the lithium-rich Salta province, aims for first lithium production by year's end, aligning with Rio Tinto's decarbonization goals.

Portfolio Pulse from Stjepan Kalinic

March 20, 2024 | 6:53 pm