Streetbeat News

BTCUSD

Bitcoin / US Dollar

Industry

Digital Currency

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Benzinga highlights recent market volatility and key stock stories, including MicroStrategy's Bitcoin purchase, Tesla's premium valuation, and potential impacts on Trump Media and Alphabet. Super Micro faces scrutiny over governance issues.

Portfolio Pulse from Michael Cohen

November 02, 2024 | 1:23 pm

Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, ended the week lower despite strong ETF inflows. Notable statistics show a decrease in large transaction volumes and a significant number of trader liquidations. Analysts remain optimistic about Bitcoin's future, predicting potential price increases post-election.

Portfolio Pulse from Khyathi Dalal

November 01, 2024 | 7:57 pm

Tech stocks surged on Friday, led by Amazon's strong earnings, but the S&P 500 is set for a second weekly decline. Amazon shares rose over 6%, boosting the tech sector. The Nasdaq 100 outperformed the S&P 500. Economic data showed weak job growth, but the unemployment rate remained steady. Major ETFs like SPY, DIA, and QQQ saw gains, while XLY outperformed and XLU lagged. Notable stock movers included Apple, Intel, and Atlassian.

Portfolio Pulse from Piero Cingari

November 01, 2024 | 6:01 pm

Economist Alex Krüger predicts Bitcoin's price could reach $79,000 by year-end, influenced by the 2024 U.S. presidential election outcome. A Trump win could push Bitcoin to $90,000, while a Harris victory might keep it around $65,000. Krüger emphasizes Bitcoin's correlation with equity markets and the potential impact of a Democratic sweep.

Portfolio Pulse from Murtuza Merchant

November 01, 2024 | 4:50 pm

Bitcoin's price fluctuated around $70,000, dipping to $68,840 before recovering. Analysts predict potential rallies if key support levels hold. Large transaction volumes decreased, while daily active addresses slightly increased.

Portfolio Pulse from Khyathi Dalal

November 01, 2024 | 1:09 pm

Michael Saylor emphasizes MicroStrategy's role as a 'public equity play on Bitcoin maximalism,' highlighting its significant returns from Bitcoin investments. The company's strategy has inspired others like Cathedra Bitcoin and Semler Scientific to adopt similar approaches, focusing on Bitcoin as a treasury asset.

Portfolio Pulse from Murtuza Merchant

November 01, 2024 | 12:19 pm

Peter Schiff criticizes MicroStrategy's $42 billion Bitcoin investment strategy, likening it to a market trap. MicroStrategy plans to fund this investment by issuing $21 billion in debt and $21 billion in equity over three years. Coinbase also holds a significant cryptocurrency portfolio.

Portfolio Pulse from Ananya Gairola

November 01, 2024 | 6:54 am

Cathie Wood's Ark Invest made significant trades, buying $19M in Meta shares while selling Tesla, Palantir, and Block stocks. The moves align with Ark's strategic shifts and market analyses.

Portfolio Pulse from Benzinga Neuro

November 01, 2024 | 2:28 am

Donald Trump pledges to end 'Kamala's war on crypto' and support Bitcoin if re-elected. His crypto venture, World Liberty Financial, struggles to meet fundraising goals, revising its target from $300 million to $30 million due to low demand for its WLFI token.

Portfolio Pulse from Murtuza Merchant

October 31, 2024 | 6:52 pm

Florida's Chief Financial Officer, Jimmy Patronis, is advocating for the state's pension fund to explore crypto investments, emphasizing the long-term viability of digital assets. Patronis believes Florida's strong fiscal reserves make it well-positioned to diversify into crypto, aligning with recent state legislation against federal overreach and CBDCs.

Portfolio Pulse from Murtuza Merchant

October 31, 2024 | 6:10 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.