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ETH

SOL

Crypto analyst Bluntz predicts a major breakout for Solana (CRYPTO: SOL) and a potential rally for Ethereum (CRYPTO: ETH). He believes that if Solana breaks its multi-month accumulation range resistance, it could trigger a substantial price increase. He also noted that Ethereum has upheld its $1,550 support level and presented a bullish higher-low setup, which could signal an impending rally.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 3:35 am

BTCUSD

DOGEUSD

FLOKIUSD

SHIBUSD

Dogecoin (CRYPTO: DOGE) has surged by 10% in the past 24 hours, surpassing Shiba Inu (CRYPTO: SHIB), as the overall crypto market enters a green zone amid optimism surrounding Bitcoin (CRYPTO: BTC) ETFs. The sudden spike in Bitcoin’s price on October 23 triggered a wider market surge, impacting various altcoins and meme coins. The rise in Bitcoin’s price coincides with a renewed interest in the imminent approvals of spot ETFs and a significant surge in trading volumes across spot markets.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 3:28 am

BTCUSD

DOGEUSD

ETHUSD

PEPEUSD

SHIBUSD

Pepe Coin (CRYPTO: PEPE) has surged by 32% in the past 24 hours, outperforming Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), and Shiba Inu (CRYPTO: SHIB). The surge in PEPE's price coincides with a 172% increase in trading volume, reaching $303 million. The majority of PEPE's trading occurred on Binance. The surge in PEPE's price can be attributed to the rising price of Bitcoin and the wider market rally impacting various altcoins and meme coins.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 3:19 am

BLK

BTCUSD

Bitcoin's price surged past $34,000, triggering a liquidation of BTC shorts worth $170 million. The majority of these short positions were on exchanges like Huobi, Binance, and OKX. Over 83,858 traders faced liquidation, resulting in a total of $351.48 million being liquidated across various exchanges. This comes as BlackRock updated its application to launch its Bitcoin spot ETF, indicating growing confidence that the SEC will approve the Bitcoin spot ETF. A judge also ordered the SEC to reconsider Grayscale's application for a Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 2:48 am

COIN

GBTC

HOOD

MRNA

NVDA

Cathie Wood's Ark Invest sold shares of Coinbase Global Inc and Grayscale Bitcoin Trust, and bought shares of Robinhood Markets Inc and Moderna Inc. The sales were made amid a surge in Bitcoin prices. The transactions were made through various Ark ETFs.

Portfolio Pulse from Benzinga Neuro

October 24, 2023 | 2:43 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin's price surged to $34,000, followed by Ethereum and Dogecoin, due to the progress made by BlackRock in preparing its proposed Bitcoin ETF, iShares Bitcoin Trust (IBTC). The ETF is now listed on the Depository Trust and Clearing Corporation (DTCC) website, indicating a level of confidence in the SEC granting approval. The recent rallies are believed to be a result of the growing excitement surrounding the potential approval of Bitcoin spot ETF applications by the SEC. The global crypto market cap stands at $1.24 trillion, reflecting a 7.22% increase in the past 24 hours.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 2:15 am

SNDL

Canadian cannabis producer Sundial Growers (NASDAQ: SNDL) is closing its flagship cannabis cultivation facility in Olds, Alberta, aiming to consolidate operations and cut costs. The company has reported losses surpassing $800 million up to 2022 and estimates an annual saving of about $10 million with this closure. SNDL plans to merge all cultivation at its New Brunswick facility and centralize other operations in British Columbia. The company's stock was trading down 2.76% at $1.41 per share at the close on Monday.

Portfolio Pulse from Maureen Meehan

October 24, 2023 | 2:10 am

COIN

MARA

MSTR

RIOT

TSLA

Bitcoin's recent rise has put several companies on investors' radars, including Marathon Digital, Riot Blockchain, Coinbase, MicroStrategy, and Tesla. Marathon Digital and Riot Blockchain, both Bitcoin-focused companies, saw their stocks increase by 12.76% and 9.02% respectively. MicroStrategy's stock rose by 8.46%, while Coinbase's stock increased by 3.42%. Tesla's stock experienced a slight increase of 0.04%. The performance of these stocks was influenced by the upward trajectory of Bitcoin, which rose by over 10.88% in the last 24 hours.

Portfolio Pulse from Benzinga Neuro

October 24, 2023 | 1:41 am

CMCSA

DIS

FOX

GTN

NXST

PARA

SSP

TGNA

President Biden is considering increasing his advertising spending due to low polling in swing states ahead of the potential 2024 presidential election rematch with Donald Trump. Biden has already launched a $25 million advertising effort this year. The 2024 election cycle is expected to hit a new record of $10.2 billion in ad spending, up 13% from the 2020 election. Media companies like Paramount Global, Comcast Corporation, Fox Corp, and Walt Disney Co, as well as local media station owners such as Gray Television, Nexstar Media Group, Tegna, and E.W. Scripps Co could benefit from the increased advertising spending.

Portfolio Pulse from Chris Katje

October 23, 2023 | 11:39 pm

DKNG

MGM

MSGS

WBD

The 2023-2024 NBA season is set to begin with key storylines including the return of LeBron James, the debut of Victor Wembenyama, and the defending champion Denver Nuggets. The games will be broadcast on TNT, a unit of Warner Bros. Discovery (NASDAQ:WBD). Betting lines are provided by DraftKings Inc (NASDAQ:DKNG) and BetMGM, a joint venture of MGM Resorts International (NYSE:MGM) and Entain. The New York Knicks, part of Madison Square Garden Sports Corp (NYSE:MSGS), ended their playoff drought last season.

Portfolio Pulse from Chris Katje

October 23, 2023 | 11:20 pm