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BTCUSD

DOGEUSD

Elon Musk humorously responded to the SEC's Twitter account hack with a Dogecoin meme, joking that 'LFGDogeToTheMoon' was the SEC's password. The SEC's account had erroneously tweeted approval of Bitcoin ETFs, which was later corrected. Musk's comment comes after a period of silence on Dogecoin, and despite his statement in December that he doesn't spend much time thinking about cryptocurrencies. Dogecoin's price was slightly down at the time of reporting.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:55 am

AEHR

COIN

GBTC

TGTX

TSLA

U.S. stock indices ended mixed on Tuesday, with the Dow Jones and S&P 500 down, while the Nasdaq slightly up. Grayscale Bitcoin Trust (GBTC) remained stable amid Bitcoin volatility. Coinbase (COIN) shares fell after a price target increase and French regulatory approval. TG Therapeutics (TGTX) declined despite a new agreement to expand its autoimmune portfolio. Aehr Test Systems (AEHR) rose despite expecting revenue delays. Tesla (TSLA) shares dropped as CEO Elon Musk addressed allegations regarding a former director's departure.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:45 am

HMC

TSLA

VLVCY

Honda Motor Co Ltd (NYSE:HMC) showcased two new electric vehicle concepts, the 'Space-Hub' and 'Saloon', at CES, indicating the design direction for its '0 Series' EVs set to launch in North America in 2026. The vehicles feature autonomous driving capabilities and rapid charging, charging from 15% to 80% in 10 to 15 minutes. Honda's global strategy aims to shift all sales to EVs by 2040 and has adopted Tesla Inc's EV charging standard, allowing access to Tesla Supercharger stations.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:42 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced significant price fluctuations after a fake tweet from the SEC's compromised account falsely indicated the approval of a spot Bitcoin ETF. Bitcoin surged to $47,900 but then dropped to $45,000 upon the news being debunked. Over $214 million in crypto positions were liquidated in 24 hours. The global crypto market cap increased by 5.29%. The S&P 500 and Nasdaq saw minor movements. Analysts warn of potential fakeout rallies and corrections for Bitcoin, with a focus on upcoming inflation reports for further market direction.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:30 am

BTCUSD

Peter Schiff, a noted economist, expressed skepticism about the potential rally in Bitcoin following the anticipated approval of Bitcoin ETFs. He referenced the recent volatility caused by a compromised tweet from Gary Gensler's account, which falsely announced Bitcoin ETF approval. Schiff suggested that with many speculators expecting a rally, the market is unlikely to deliver when actual approval occurs. Bitcoin's price experienced a spike and subsequent drop following the fake news, and Schiff advised that it might be better to sell before the actual news materializes.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 1:15 am

BETS

Trading on the stock BETS has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and ensure fair information dissemination.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:50 am

MESO

Trading on the stock MESO has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material information.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:50 am

BITW

BTF

IVZ

WETF

Ahead of the SEC's decision on spot Bitcoin ETFs, Invesco, Bitwise, Valkyrie, and WisdomTree have announced fee reductions in their latest ETF applications. Bitwise now offers 0.20%, Invesco 0.39%, Valkyrie 0.49%, and WisdomTree 0.30%. These cuts are strategic moves to attract more investment and expand market reach as competition intensifies. The SEC's decision is expected on Wednesday, Jan. 10, the same deadline for the Ark 21Shares Bitcoin ETF application.

Portfolio Pulse from Khyathi Dalal

January 10, 2024 | 12:00 am

SHOP

Shopify Inc. (NYSE:SHOP) shares rose over 3% on Tuesday, rebounding from recent losses and setting a new 52-week high. The increase occurred without any company-specific news. The stock had previously declined due to broader tech sector losses linked to rising Treasury yields. Analysts have recently updated Shopify's price target, with estimates ranging from $65 to $100. Shares closed at $80.11.

Portfolio Pulse from Ryan Gustafson

January 09, 2024 | 11:47 pm

BTCUSD

The SEC's Twitter account was hacked, falsely signaling approval of Bitcoin ETFs, which led to a significant impact on Bitcoin's price. The SEC corrected the misinformation, causing a price drop. Legal experts suggest an internal investigation for potential market manipulation. Senator Bill Hagerty called the incident 'unacceptable' and demanded accountability. The SEC's new cybersecurity rules may also be scrutinized. Analysts and industry experts provided mixed reactions, with some expecting a Bitcoin ETF approval and others remaining skeptical.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 11:01 pm