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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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The article discusses the impact of recent CPI data on the stock market, highlighting aggressive buying in Nvidia (NVDA) ahead of its earnings report. It also mentions the U.S. government's potential breakup of Alphabet (GOOG) and early trade money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

August 14, 2024 | 2:21 pm

The article discusses the potential implications of BlackRock (NYSE:BLK) owning 1 million Bitcoin (CRYPTO: BTC), which is about 5% of the total supply. Despite concerns about market manipulation, the influencer Peruvian Bull argues that Bitcoin's inherent characteristics and the presence of 'price-insensitive buyers' would limit BlackRock's ability to control the market. The involvement of BlackRock could ultimately strengthen Bitcoin's position.

Portfolio Pulse from Khyathi Dalal

August 14, 2024 | 12:48 pm

Goldman Sachs has revealed significant investments in Bitcoin ETFs, despite previously downplaying cryptocurrencies. The bank's largest holding is in the iShares Bitcoin Trust (IBIT) valued at $238.6 million, with other substantial investments in Fidelity's Bitcoin ETF (FBTC), Invesco Galaxy's BTC ETF (BTCO), and Grayscale's Bitcoin Trust (GBTC).

Portfolio Pulse from Murtuza Merchant

August 14, 2024 | 12:04 pm

Wall Street is set for a cautious start as traders await the consumer price inflation report. Bond yields are slipping, and if inflation data shows a continued decrease, the Federal Reserve may cut rates. Nvidia and other AI-levered tech stocks could benefit from strong AI server demand. Peloton surged on a partnership with Alphabet's Fitbit, while Kellanova rose on acquisition news. Several companies, including Cardinal Health and Cisco, are reporting earnings. Bitcoin topped $61K, and global markets showed mixed reactions.

Portfolio Pulse from Shanthi Rexaline

August 14, 2024 | 11:11 am

Bitcoin has shown stronger performance during U.S. trading sessions over the past month, but this has not yet translated into significant inflows into Bitcoin ETFs. Total assets in these funds have fallen by 9% in the past four weeks. iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw some inflows recently.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 9:28 am

Senator Cynthia Lummis' proposed BITCOIN Act, which aims to strengthen the U.S. dollar and reduce national debt through a strategic Bitcoin reserve, has received support from Pierre Rochard, VP of Research at Riot Platforms. Rochard defended the legislation against common objections, emphasizing Bitcoin's fundamentals and its decentralized nature. The bill proposes a $1 million purchase program to acquire 5% of Bitcoin's total supply over five years, with a minimum holding period of 20 years.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 4:47 am

Peter Schiff warns that lower interest rates and a recession could lead to higher inflation due to increased federal deficits and a weaker dollar. This comes as the Federal Reserve's monetary policy is under scrutiny, with upcoming inflation data potentially influencing rate cut decisions.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 4:23 am

John Deaton, a pro-Bitcoin Senate candidate, accused Elizabeth Warren's campaign of misrepresenting his political campaign in a text message. The message claimed Deaton was recruited by a super PAC and received massive donations from cryptocurrency billionaires. Deaton refuted the recruitment claim and highlighted his significant support from the cryptocurrency industry, including donations from the Winklevoss twins and the Commonwealth Unity Fund.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 2:44 am

Bitcoin surged following lower-than-expected inflation data, while Ethereum and Dogecoin remained muted. The Dow Jones, S&P 500, and Nasdaq Composite also saw gains. Analysts are optimistic about Bitcoin's potential to reach $68,000 if favorable CPI data is released.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 1:58 am

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, and other major cryptocurrencies. Bitcoin whale transactions have spiked, and there are possible renewed Mt.Gox distributions. Analysts have mixed predictions on Bitcoin's next moves, with some seeing potential for a significant rally and others warning of a possible downturn if poor CPI data emerges.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 8:19 pm

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