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BTCUSD

Bloomberg's macro strategist, Mike McGlone, predicts that Bitcoin (BTC) will continue its downward trend in the face of an economic reset, despite projections of reaching a six-figure value. He views Bitcoin as a leading indicator for most risk assets and emphasizes that Bitcoin must display distinct resilience, similar to treasury bonds and gold during deflation. At the time of writing, Bitcoin was trading at $26,026.94, down by 2 percent in the last seven days.

Portfolio Pulse from Bibhu Pattnaik

August 27, 2023 | 2:09 pm

FOXA

RUM

Mark Cuban, entrepreneur and NBA team owner, has criticized 2024 presidential candidate Vivek Ramaswamy, comparing him to Donald Trump. Ramaswamy, a biotech entrepreneur, has been gaining in election polls and was seen as a winner of the first Republican primary debate, which aired on Fox News, a unit of Fox Corporation, and was livestreamed on Rumble Inc. Cuban's comments were made on social media platform X.

Portfolio Pulse from Chris Katje

August 27, 2023 | 1:20 pm

DOGEUSD

SHIBUSD

Cryptocurrency analyst Altcoin Sherpa has warned about potential vulnerabilities in Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE). The analyst suggests that if Dogecoin loses its immediate support level, a significant downward correction could occur. Similarly, Shiba Inu is said to be in a bearish pattern, setting macro lower highs and lower lows.

Portfolio Pulse from Bibhu Pattnaik

August 27, 2023 | 12:52 pm

BTCUSD

DOGEUSD

ETHUSD

This week in cryptocurrency saw a prediction of a 125% surge in Dogecoin's value, a potential rally for Bitcoin to $60,000, a 1200% surge in sales of Donald Trump's NFT collection, Cathie Wood's prediction of Bitcoin hitting $1 million in the next 5-7 years, and Elon Musk's endorsement of Dogecoin on X, leading to a 1.68% surge in its trading value.

Portfolio Pulse from Benzinga Neuro

August 27, 2023 | 12:00 am

F

GM

STLA

The United Auto Workers (UAW) announced that 97% of its members from General Motors Corp. (GM), Ford Motor Co. (F), and Stellantis N.V. (STLA) have authorized a strike if a fair deal is not reached. A strike could disrupt the EV transformation of GM and Ford. The UAW is demanding the reinstatement of certain contract provisions given up in 2007, which could impact the profitability of automakers.

Portfolio Pulse from Shanthi Rexaline

August 26, 2023 | 10:05 pm

USO

The BRICS nations are set to expand their membership, potentially posing a threat to Western-dominated institutions. The expanded BRICS will account for significant portions of global GDP, population, exports, and oil production. The inclusion of Argentina and Middle Eastern countries will strengthen BRICS' position in lithium and oil production. The United States Oil Fund, LP (NYSE:USO) ended Friday’s session up 1.46% at $72.45.

Portfolio Pulse from Shanthi Rexaline

August 26, 2023 | 9:47 pm

PEPEUSD

The team behind Pepecoin (CRYPTO: PEPE) is facing allegations of insider trading. This comes after a significant theft of 16 trillion PEPE tokens. The team is accused of possessing a substantial cache of PEPE tokens, estimated to be worth between $16–17 million, and using them for internal trading strategies. The value of PEPE has been dwindling, with a 23% decrease in the last seven days.

Portfolio Pulse from Bibhu Pattnaik

August 26, 2023 | 8:01 pm

DWAC

Former President Donald Trump has returned to Twitter, now rebranded as X, after Elon Musk lifted the ban on his account. Trump's return could impact the 2024 presidential election as he has more followers than all his GOP opponents combined. Trump Media & Technology Group, which owns Truth Social, a platform Trump had exclusivity with, is attempting to merge with Digital World Acquisition Corporation (NASDAQ:DWAC).

Portfolio Pulse from Chris Katje

August 26, 2023 | 5:42 pm

BLK

BTCUSD

JPM

Bitcoin has experienced a dip of close to 12% over the past two weeks, but JPMorgan Chase & Co. analysts are optimistic that the cryptocurrency market's recent decline might be nearing its end. This is due to the diminishing open interest in CME Bitcoin futures contracts, which often indicates a fading price momentum. The analysts see limited downside for crypto markets in the near term. The crypto market has been influenced by several industry events, including applications by BlackRock Inc. to launch the first U.S. exchange-traded funds correlated with Bitcoin's price, and a court decision favoring Ripple Labs in its legal battle with the SEC.

Portfolio Pulse from Bibhu Pattnaik

August 26, 2023 | 4:56 pm

GLASF

VRNOF

The article discusses the history and potential future of cannabis in the U.S., highlighting the potential therapeutic benefits of cannabis and the possibility of changes in its legal status. It also mentions the performance of several cannabis companies, including TerrAscend, Glass House Brands, and Verano.

Portfolio Pulse from Todd Harrison

August 26, 2023 | 3:59 pm