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DOGEUSD

ELONUSD

FLOKIUSD

PEPEUSD

SHIBUSD

The cryptocurrency market is experiencing a downturn, with 83% of Shiba Inu (CRYPTO: SHIB) investors and a significant portion of other cryptocurrency investors facing losses. Only 11% and 10% of traders who hold Shiba Inu and Floki (CRYPTO: FLOKI) are in profit, while only 14% and 19% of Dogelon Mars (CRYPTO: ELON) and Doge Killer (CRYPTO: LEASH) holders are seeing profits. The holders of Dogecoin (CRYPTO: DOGE) and Pepe (CRYPTO: PEPE) are in a better position, with 42% and 21% of their investors in profit, respectively.

Portfolio Pulse from Bibhu Pattnaik

September 10, 2023 | 8:21 pm

BTCUSD

ETHUSD

SOLUSD

Chris Burniske, a venture capitalist and former ARK Invest executive, has predicted a 2,500% rally for the cryptocurrency Solana (CRYPTO: SOL). He believes Solana could potentially overshadow Ethereum (CRYPTO: ETH) due to a series of favorable developments, including silent product launches and enhanced functionalities coupled with reduced fees. Burniske also maintains a positive stance on Bitcoin (CRYPTO: BTC) and Ethereum, dismissing the likelihood of these cryptocurrencies hitting new lows in 2023.

Portfolio Pulse from Bibhu Pattnaik

September 10, 2023 | 8:06 pm

JPM

JPMorgan has lowered its Bitcoin production cost estimate to $18,000 from $21,000 following a revision in the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology. The new methodology assumes that not all mining equipment contributing to Bitcoin's hash rate should be treated equally. The sensitivity of Bitcoin production cost to electricity costs is expected to double following the 2024 Bitcoin halving event, which will cut the rewards miners receive in half.

Portfolio Pulse from Khyathi Dalal

September 10, 2023 | 5:07 pm

MSOS

Bipartisan talks over a marijuana banking bill have been productive and an agreement is imminent. Maryland cannabis retailers sold a record $92M of product during their second month of adult-use. Medical cannabis patients saw an improved quality of life and lower pain, anxiety and depression after three months of use. Short interest on U.S. cannabis ETF MSOS (NYSE:MSOS) increased 4% recently. Three-in-five Floridians support cannabis legalization. The cannabis landscape is taking shape with potential catalysts that could significantly impact the industry.

Portfolio Pulse from Todd Harrison

September 10, 2023 | 4:57 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

XLMUSD

Cryptocurrency expert Benjamin Cowen predicts that Bitcoin may experience another dip before its next significant bull market. The timing of this potential low could lead to a double bottom, a lower low, or a higher low. This prediction comes ahead of Benzinga's Future of Digital Assets conference. Major cryptocurrencies including Bitcoin, Ethereum, Shiba Inu, Dogecoin, Toncoin and Stellar are trading with minor losses.

Portfolio Pulse from Murtuza Merchant

September 10, 2023 | 4:14 pm

BYDDF

BYDDY

TSLA

Tesla's stock has been stuck in a range due to concerns about margin erosion and price cuts. Despite these cuts, volume growth has been elusive in key markets like China and Europe. Future Fund Managing Partner Gary Black highlighted several potential catalysts and risks for the stock, including the launch of new models, regulatory risks, and potential further price cuts.

Portfolio Pulse from Shanthi Rexaline

September 10, 2023 | 3:42 pm

MSFT

TSLA

Last week saw significant developments in the AI and tech sector. Andrej Karpathy, former AI Chief at Tesla, rejoined OpenAI, an organization co-founded by Elon Musk and partnered with Microsoft. The US Defense Department plans to deploy autonomous AI units. Ark Invest founder Cathie Wood may be leveraging AI for stock picks. Microsoft is expanding its collaboration with Abu Dhabi-based AI company G42.

Portfolio Pulse from Benzinga Neuro

September 10, 2023 | 3:00 pm

BTCUSD

Bloomberg macro strategist Mike McGlone has warned that Bitcoin (BTC) could be facing a liquidity crisis and a 'severe economic reset' due to a sharp decline in liquidity. Despite a buoyant stock market and the potential approval of U.S. spot exchange-traded funds (ETFs), Bitcoin has seen a 15% decrease in Q3 leading up to Sept. 6. McGlone suggests that Bitcoin's price could adjust in the face of rising interest rates, with federal funds futures projected to reach about 5.45% in November, a significant jump from the 0.6% average noted from 2011 to 2021.

Portfolio Pulse from Bibhu Pattnaik

September 10, 2023 | 2:35 pm

CRNX

Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX) announced positive results from the Phase 3 PATHFNDR-1 study of paltusotine, an oral, once-daily investigational compound for the treatment of acromegaly. The study met its primary endpoint and all secondary endpoints, showing statistical significance.

Portfolio Pulse from Charles Gross

September 10, 2023 | 2:21 pm

EWT

FXI

SPY

President Biden has stated that China's current economic difficulties may reduce their capacity but will not cause them to invade Taiwan, according to Reuters.

Portfolio Pulse from Charles Gross

September 10, 2023 | 2:20 pm