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BTCUSD

DOGEUSD

ETHUSD

Bitcoin surpassed the $40,000 mark, with Ethereum and Dogecoin also experiencing price increases. The global cryptocurrency market cap rose to $1.51 trillion. The rally is partly attributed to expectations of a Bitcoin Spot ETF approval by the SEC. Gold prices reached a record high, but Bitcoin's rise was not seen as impressive by gold bull Peter Schiff. Analyst Michaël van de Poppe and market intelligence platform Santiment suggest that FUD and FOMO related to the ETF could influence whether Bitcoin reaches $50K soon.

Portfolio Pulse from Shivdeep Dhaliwal

December 04, 2023 | 2:47 am

BTCUSD

ETHUSD

Bitcoin and Ethereum experienced significant gains over the weekend, with Bitcoin nearing the $40,000 mark and Ethereum also rising. The momentum is partly driven by expectations of a spot Bitcoin ETF receiving regulatory approval and speculation about rate cuts by the Fed, which could lead to increased investment in cryptocurrencies.

Portfolio Pulse from Shanthi Rexaline

December 03, 2023 | 4:17 pm

TSLA

Chinese EVs are gaining global popularity but face significant trade barriers in the U.S. due to a 25% tariff and exclusion from 'Buy America' credits. Despite this, China's automotive industry is growing, with BYD outproducing Tesla last year. U.S. lawmakers advocate for more tariffs, while U.S. automakers like Ford and GM are wary of potential Chinese retaliation. Chinese firms plan to assemble EVs in or near the U.S. to avoid tariffs, with Polestar starting production in South Carolina next year.

Portfolio Pulse from Bibhu Pattnaik

December 03, 2023 | 2:59 pm

BTCUSD

Bitcoin (BTC) has surged to $39,000, driven by optimism for a potential U.S. SEC approval of a spot Bitcoin ETF. The cryptocurrency has seen a 3% increase in the last 24 hours and 12% over the past month. Despite the rally, Bitcoin remains below its all-time high of $69,044. The market anticipates Federal Reserve interest-rate cuts and the approval of a spot Bitcoin ETF as catalysts for further growth. Bitcoin options market suggests a trading range of $37,000 to $40,000 for December.

Portfolio Pulse from Bibhu Pattnaik

December 02, 2023 | 8:44 pm

BTCUSD

Crypto trader The Flow Horse predicts Bitcoin (BTC) will surpass the $40,000 mark, citing the potential SEC approval of a Bitcoin ETF by January 10, 2024, the upcoming Bitcoin halving event in April 2024, and possible Federal Reserve rate cuts next year. Bitcoin is currently trading at $38,808.55, having risen 3% in the past week.

Portfolio Pulse from Bibhu Pattnaik

December 02, 2023 | 3:11 pm

DIS

GME

META

TSLA

Benzinga's weekly review covers bullish and bearish perspectives on stocks like Tesla, GameStop, and Disney, as well as the cryptocurrency Dogecoin. The S&P 500, Dow, and Nasdaq saw gains, while Fed Chair Powell signaled a readiness to adjust policies amid inflation concerns. Tesla's Cybertruck launch is seen as a key event, Dogecoin's ownership is highly concentrated, and GameStop may see a surge. Disney faces a boardroom battle, China's foreign investment dips, and Meta struggles with VR headset sales.

Portfolio Pulse from Michael Cohen

December 02, 2023 | 2:44 pm

BTC-USD

ETH-USD

SHIB-USD

The cryptocurrency market saw significant activity with Shiba Inu's burn rate increasing by 500%, the creation of Kissinger-themed tokens post-Henry Kissinger's death, anticipation of Spot Bitcoin ETF approval, and predictions of price movements for Bitcoin and other cryptocurrencies. Shiba Inu burned 83 million tokens, Kissinger tokens generated over $307,000 in trading volume, and Bitcoin is forecasted to reach $524,000 in the next four years.

Portfolio Pulse from Benzinga Neuro

December 02, 2023 | 2:35 pm

BRPHF

BTCUSD

Galaxy Digital Holdings CEO Mike Novogratz is bullish on Bitcoin, citing potential catalysts like the approval of a spot Bitcoin ETF, the Federal Reserve's rate actions, and the upcoming Bitcoin halving event. He suggests these factors could drive Bitcoin prices to revisit old highs by next year. Bitcoin has seen a significant price increase recently, outperforming the S&P 500 and NASDAQ indices.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 11:00 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced that the $7,500 EV tax credit for two versions of its Model 3 will be reduced to $3,750 starting January 1, 2024. This follows new guidance from the Biden administration to reduce Chinese content in EV batteries. Tesla urges buyers to take delivery before the end of the quarter to secure the full credit. The updated guidance also stipulates that from 2024, EVs cannot have battery components from 'foreign entities of concern' and from 2025, no critical minerals from such entities.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 4:48 am

BTCUSD

Swan Bitcoin CEO Cory Klippsten predicts a 'big bull rally' for Bitcoin (BTC) in anticipation of a spot Bitcoin ETF approval by the SEC. Klippsten notes increased trading volumes and a recent price surge in BTC, with a year-to-date high of $38,742. He also mentions that older generations are investing more in Bitcoin compared to Gen Z. The narrative around Bitcoin is shifting towards it being a safe-haven and hedge against monetary inflation.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 3:52 am