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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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Anthony Scaramucci, CEO of SkyBridge Capital, encourages investors to consider investing in Bitcoin, stating it's still early despite its recent surge. He projects Bitcoin to reach $170,000 by mid-2026. Scaramucci holds 55% of his wealth in Bitcoin and is launching a book on digital assets.

Portfolio Pulse from Aniket Verma

October 31, 2024 | 4:10 am

Meta, Microsoft, Robinhood, Super Micro, and Coinbase are in focus due to recent earnings reports and other developments. Meta and Microsoft beat earnings expectations, while Robinhood met earnings but missed revenue estimates. Super Micro's stock plunged due to auditor resignation, and Coinbase missed revenue estimates.

Portfolio Pulse from Benzinga Neuro

October 31, 2024 | 2:31 am

The cryptocurrency market saw a pause with Bitcoin stabilizing below its all-time high, while Ethereum gained. Analysts predict Bitcoin could reach $80,000 in November and $90,000-$100,000 by December. Stocks pulled back due to slower-than-expected U.S. GDP growth and expectations of a Federal Reserve rate cut.

Portfolio Pulse from Aniket Verma

October 31, 2024 | 1:59 am

Microsoft's AI momentum is expected to drive significant growth, potentially reaching a $4 trillion market cap in 6-9 months, according to analyst Dan Ives. The company reported strong Q1 earnings, with revenue and EPS surpassing expectations, driven by its AI and cloud initiatives.

Portfolio Pulse from Kaustubh Bagalkote

October 31, 2024 | 1:53 am

Coinbase Global (NASDAQ:COIN) reported Q3 earnings with revenue and EPS missing estimates. Revenue was $1.21 billion, below the $1.26 billion expected. EPS was 28 cents, missing the 42 cents estimate. Transaction revenue fell 27% from Q2. The stock fell 3.66% in after-hours trading.

Portfolio Pulse from Chris Katje

October 30, 2024 | 8:40 pm

The article discusses the impact of recent earnings reports and economic data on various stocks and the broader market. AMD's stock fell despite meeting earnings expectations due to unmet whisper numbers for AI GPU guidance. Nvidia's software advantage is highlighted as a reason for AMD's struggle. ADP data shows strong job growth, potentially affecting Fed rate decisions. Eli Lilly's stock dropped after missing earnings expectations, impacting Novo Nordisk as well. Money flows are positive in some tech stocks but negative in others, including major ETFs.

Portfolio Pulse from The Arora Report

October 30, 2024 | 7:25 pm

Bitwise CIO Matt Hougan predicts Bitcoin could surpass $100,000 by 2025, driven by institutional adoption and ETF inflows. He highlights Bitcoin's lighter regulatory burden and its role as a hedge against inflation. Hougan expects new all-time highs this year, with institutional involvement and fixed supply dynamics as key drivers.

Portfolio Pulse from Murtuza Merchant

October 30, 2024 | 6:29 pm

Dogecoin has surged 22% this week, with traders predicting a potential parabolic rally in November. Analysts see similarities with past market conditions and expect DOGE to outperform Bitcoin, possibly breaking above the 200-day moving average.

Portfolio Pulse from Khyathi Dalal

October 30, 2024 | 6:23 pm

Wall Street had a mixed session with AMD shares dropping 10% after disappointing earnings, affecting the semiconductor sector. Alphabet shares rose over 5% on strong earnings. SMCI plummeted 33% due to auditor resignation. Economic data showed strong job growth but slower GDP growth.

Portfolio Pulse from Piero Cingari

October 30, 2024 | 5:35 pm

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