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BTC-USD

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The cryptocurrency market saw a decline on Sunday with Bitcoin, Ethereum, and Dogecoin experiencing drops due to profit-taking. Bitcoin had $860M in net inflows to exchanges, the highest since March, indicating potential selling pressure. Over 72,249 traders were liquidated in the futures market. U.S. stock futures remained stable. Analysts predict a potential end to Bitcoin's upward trend with a shift towards Ethereum, and a parabolic rise for Bitcoin post-halving is anticipated. InternetComputer's market cap doubled in a week.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 2:42 am

BTCUSD

Crypto analyst DonAlt predicts Bitcoin could reach $110,000 by 2026, anticipating a dip to $32,000 before a significant rally post-April 2024 halving. He warns of short-term volatility and is skeptical about the impact of potential spot market Bitcoin ETF approvals. Bitcoin is currently trading at $42,210.33, with a 4% decline over the past week.

Portfolio Pulse from Bibhu Pattnaik

December 17, 2023 | 7:21 pm

BTCUSD

Cryptocurrency analyst Justin Bennett predicts a potential downturn for Bitcoin, suggesting it could drop to $38,000 if it fails to hold above $43,300. He notes a possible lower high forming and pressure on trend line support. Bennett also observes USDT dominance and total market cap resistance, indicating bearish trends. Bitcoin was trading at $42,356.13, down 4% over the past week.

Portfolio Pulse from Bibhu Pattnaik

December 16, 2023 | 9:00 pm

DOGEUSD

PEPEUSD

SHIBUSD

Crypto analyst Ali Martinez predicts a potential bullish breakout for Shiba Inu (SHIB) if it closes above a key resistance level. However, a rejection could lead to a short-term pullback. SHIB has been in a downward channel since September 2022 and recently saw a significant burn rate increase, outperforming rivals like Dogecoin (DOGE) and Pepe (PEPE). SHIB is currently trading at $0.000010.

Portfolio Pulse from Ananya Gairola

December 16, 2023 | 9:00 am

BTCUSD

Bitcoin (BTC) has seen a recent slowdown, with a 3.4% drop after reaching $44,200, now trading at $42,241. Despite this, analysts predict a strong 2024 for Bitcoin, with the Woo Network forecasting a rise to $75,000 by early 2024. Factors contributing to this optimistic outlook include the potential for a Bitcoin spot ETF and the upcoming halving event. The cryptocurrency market has been influenced by the US Federal Reserve's signals of possible interest rate cuts and the positive sentiment around the Bitcoin ETF.

Portfolio Pulse from Rounak Jain

December 16, 2023 | 8:22 am

SONY

Sony Group Corp (NYSE:SONY) is offering a 30% discount on selected 12-month PlayStation Plus subscriptions for new subscribers or those with expired memberships. The offer applies to the Extra and Premium tiers and is available from Dec. 11 to Dec. 17. The discounted rates are $94.49 for Extra and $111.99 for Premium. No additional discounts for existing members or PS gift card discounts are provided. Some users faced issues accessing the discount initially. The PS5 slim bundle promotion continues at $499 with a free game.

Portfolio Pulse from Franca Quarneti

December 15, 2023 | 9:52 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin experienced a pullback in their recent rallies, with Bitcoin down 2.2%, Ethereum down 3%, and Dogecoin down nearly 4% before a slight rebound. The crypto sector's retracement comes after a significant surge from September to December. The stock market remained flat, with the S&P 500 showing signs of consolidation. The crypto market's lower moves on declining volume suggest potential consolidation in stocks as well. Bitcoin and Ethereum are forming symmetrical triangle patterns, indicating a possible bullish trend if they break upwards on high volume. Conversely, a break below the lower trend line could signal a new downtrend. Dogecoin is trading sideways, indicating consolidation, with potential for either an uptrend if it regains support or a downtrend if it falls below key support levels.

Portfolio Pulse from Melanie Schaffer

December 15, 2023 | 9:06 pm

AFRM

Affirm Holdings (NASDAQ:AFRM) has received mixed analyst ratings in the last quarter, with 4 bullish, 5 indifferent, 3 somewhat bearish, and 1 bearish. The average 12-month price target from 13 analysts is $24.27, with a high of $55.00 and a low of $12.00. This target has increased by 25.75% over the past month. Analysts rate stocks based on research and provide guidance through various metrics.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 9:00 pm

IR

Ingersoll Rand Inc. (NYSE:IR) stock has risen by 1.12% in the current session to $76.15, with a 6.67% increase over the past month and a 46.88% increase over the past year. The company's P/E ratio of 40.93 is higher than the Machinery industry average of 24.6, suggesting that the stock might be overvalued or that investors expect better future performance. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 8:30 pm

TVTX

Travere Therapeutics (NASDAQ:TVTX) has been rated by 13 analysts over the past 3 months, with 6 bullish, 4 somewhat bullish, and 3 indifferent ratings. The average 12-month price target is $15.69, a significant decrease from the previous target of $25.70, indicating a potential 38.95% decrease. Analysts' ratings are based on company financials, meetings, and insider communications, and are updated quarterly or after major company updates.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 8:01 pm