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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.

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Solana outperformed Ethereum by 19% over the past week, with Solana's price increasing by 13.65% while Ethereum's price decreased by 4.63%. Despite Ethereum's recent underperformance, analysts remain optimistic about its long-term potential due to its foundational role in L2 networks.

Portfolio Pulse from Aniket Verma

October 25, 2024 | 6:22 am

Microsoft shareholders are pushing for an assessment of investing in Bitcoin, citing the cryptocurrency's strong performance and the success of MicroStrategy, which holds significant Bitcoin assets. The board advises against this proposal, stating that the company has already considered cryptocurrencies in past evaluations.

Portfolio Pulse from Aniket Verma

October 25, 2024 | 4:11 am

Bitcoin saw gains amid a Tesla-driven stock rally, while Ethereum and Dogecoin remained muted. Tesla's shares surged 22% following strong earnings, boosting market sentiment. Analysts suggest a bullish outlook for Bitcoin if it closes above $67,900.

Portfolio Pulse from Aniket Verma

October 25, 2024 | 3:06 am

Tech stocks rebounded on Thursday, led by Tesla's 18% surge after strong quarterly results. Despite Tesla's rally, market sentiment remained cautious. The S&P 500 and Russell 2000 were flat, while the Dow Jones fell. The Consumer Discretionary sector, influenced by Tesla, led gains. Treasury yields eased, boosting gold prices. Several companies, including T-Mobile and IBM, saw significant stock movements following earnings reports.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 6:30 pm

Standard Chartered predicts Bitcoin could reach $73,000 by the U.S. presidential election and $80,000 if Trump wins. A Republican sweep could push Bitcoin to $125,000 by the end of 2024. The analysis is based on options data and betting odds.

Portfolio Pulse from Murtuza Merchant

October 24, 2024 | 5:20 pm

Tech stocks surged on Thursday, led by Tesla's 18% rise after strong quarterly results. Despite Tesla's rally, market sentiment remained cautious. The S&P 500 and Russell 2000 were flat, while the Dow Jones fell. The Consumer Discretionary sector, influenced by Tesla, led gains. Treasury yields eased, boosting gold prices.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 4:58 pm

The Bitcoin market is experiencing a surge in futures trading, with institutional investors increasingly using cash-and-carry strategies. The CME Group has seen record open interest in futures contracts, indicating growing institutional participation.

Portfolio Pulse from Murtuza Merchant

October 24, 2024 | 4:43 pm

Tesla's strong earnings report has positively impacted its stock and is also benefiting Nvidia, as Tesla is a major customer. Rising yields are causing some market selling, but Tesla's results are counterbalancing this effect. Positive money flows are observed in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

October 24, 2024 | 4:21 pm

Ki Young Ju, CEO of CryptoQuant, predicts Bitcoin will become a mainstream currency by 2030, driven by stablecoin adoption and institutional involvement. He notes Bitcoin's mining difficulty has surged, making solo mining nearly impossible. Companies like Stripe and PayPal are entering the stablecoin market, which could drive mass adoption. Ju expects Bitcoin's volatility to decrease, enhancing its potential as a stable currency, especially after the 2028 halving event.

Portfolio Pulse from Khyathi Dalal

October 24, 2024 | 3:15 pm

Ripple CEO Brad Garlinghouse is optimistic about the future approval of an XRP ETF despite regulatory challenges. Institutional demand for crypto is growing, but XRP's path is uncertain due to ongoing legal battles with the SEC. The outcome of the SEC's appeal and the U.S. presidential election could significantly impact XRP's ETF prospects.

Portfolio Pulse from Murtuza Merchant

October 24, 2024 | 2:47 pm

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