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ARK Invest CEO Cathie Wood has revised her Bitcoin price projection to $1.5 million by 2030, up from her previous estimate of $1 million. This revision follows the SEC's approval of several spot Bitcoin ETFs, including one from ARK Invest. Wood also revealed that at least 25% of her financial net worth, excluding her firm and real estate, is invested in Bitcoin. BTC was trading at $46,050.65 at the time of the article.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 5:53 am

FXI

China's Consumer Price Index (CPI) for December decreased by 0.3% year-over-year, which is slightly better than the estimated 0.4% decline and an improvement from the previous 0.5% drop.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:47 am

HOOD

Robinhood Inc (NASDAQ:HOOD) has added all 11 SEC-approved spot Bitcoin ETFs to its platform, allowing customers to trade them in retirement and standard brokerage accounts. This move follows the SEC's January 10 approval of these ETFs for trading across the U.S. Robinhood's General Manager Johann Kerbrat and CEO Vlad Tenev have expressed positive views on the development, highlighting the benefits for clients in terms of access and risk management in cryptocurrency investments. Bitcoin was trading at $46,050.65, up 0.38% at the time of the report.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 5:41 am

BBJP

DXJ

EWJ

Japan's current account for November was reported at 1.926 trillion yen, falling short of the estimated 2.385 trillion yen and the previous month's 2.583 trillion yen.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:29 am

BBJP

DXJ

EWJ

Japan's adjusted current account for November was reported at 1.89 trillion yen, falling short of the estimated 2.18 trillion yen and below the prior month's 2.62 trillion yen.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:29 am

BTCUSD

MSTR

Andrew Tate, a controversial figure, criticized the decision-making of crypto investors and highlighted his past advice on Bitcoin investments through his platform, THE REAL WORLD. He mentioned his previous recommendations when Bitcoin was at lower prices and noted the current price increase. Tate also contrasted Michael Saylor's positive approach to Bitcoin investment with Sam Bankman-Fried's negative approach, referencing the SEC's potential approval of a Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 4:14 am

AAPL

META

Russia's internet restrictions, including limiting access to Western social media platforms after the Ukraine invasion, have resulted in a $4.02 billion economic loss in 2023. The country experienced 1,353 hours of internet shutdown, affecting 113 million users. Apple Inc. removed VKontakte from its App Store in 2022, and Meta Platforms Inc was declared a 'terrorist and extremist' entity by Moscow, with WhatsApp facing fines for not deleting banned content.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 3:46 am

BTCUSD

Senator Elizabeth Warren criticized the SEC's approval of Bitcoin ETFs, emphasizing the need for crypto to adhere to anti-money laundering rules. Her remarks followed the SEC's approval of 11 new spot Bitcoin ETFs, which saw significant trading volume. Warren's Digital Asset Anti-Money Laundering Act has bipartisan support, while industry leaders have questioned her stance. The SEC's move was praised by Republican members, who see it as an improvement over previous regulatory approaches.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 3:30 am

JPM

TMUS

TSLA

ZIM

On Thursday, U.S. indices showed mixed results with the Dow Jones slightly up, S&P 500 slightly down, and Nasdaq unchanged. Tesla announced pay increases, causing its stock to drop 2.87%. ZIM's stock rose 6.44% amid volatility from Houthi attacks and container price increases. JPM stock fell 0.42% as investors anticipate earnings season. TMUS stock decreased 0.69% after Starlink's announcement about using T-Mobile's spectrum. AT&T's stock dropped 3.79% following EPA concerns about lead-sheathed cables.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 3:07 am

BTCUSD

DOGEUSD

ENSUSD

ETHUSD

XTZUSD

Bitcoin ETFs began trading in the U.S., leading to mixed cryptocurrency market movements. Bitcoin surged past $49,000 but then dropped, while Ethereum and Dogecoin saw modest changes. Liquidations in the last 24 hours reached $231.96 million. Ethereum Name Service, Sui, and Tezos were top gainers. The global cryptocurrency market cap increased by 2.21%. U.S. stocks showed little change despite new inflation data. Analysts suggest Bitcoin will stabilize, potentially benefiting Ethereum and altcoins, with a correction expected in March.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 2:36 am