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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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Prominent economists Mohamed El-Erian and Peter Schiff highlight the ongoing strength and market momentum of gold, with El-Erian noting the significant expansion of the commodity rally and Schiff advising investors to hold onto their gold and silver assets. The price of gold has recently hit a new record high of $2,450 per ounce, driven by expectations of a potential interest rate cut by the U.S. Federal Reserve.

Portfolio Pulse from Kaustubh Bagalkote

May 22, 2024 | 2:43 am

The cryptocurrency market saw mixed movements with Bitcoin retracing and Ethereum and Dogecoin inching higher. Ethereum's positive momentum is driven by rumors of an upcoming spot ETF approval. Bitcoin experienced a dip due to profit-taking. The stock market also edged higher, with notable gains for the Nasdaq Composite and S&P 500, driven by bullish prospects for NVIDIA's upcoming earnings report.

Portfolio Pulse from Aniket Verma

May 22, 2024 | 1:56 am

Former President Donald Trump is now accepting cryptocurrency donations for his presidential campaign, making it the first major party campaign to do so. The campaign will accept various cryptocurrencies through Coinbase Commerce, including Bitcoin, Ethereum, and Dogecoin. This move aims to attract the crypto community, contrasting with the anti-crypto stance of President Joe Biden and other Democratic leaders.

Portfolio Pulse from Chris Katje

May 21, 2024 | 9:11 pm

Cryptocurrency markets remain buoyant with Ethereum futures peaking at an all-time high of $15.1 billion, driven by speculation of an imminent spot Ethereum ETF approval. Bitcoin retraces slightly, while Ethereum and Dogecoin continue their rallies.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 8:15 pm

10x Research predicts Bitcoin could approach $80,000 by June, citing strong buy signals and institutional inflows. Bitcoin ETFs saw a $1 billion increase in purchases, and futures leverage climbed significantly. The Bitcoin Greed & Fear Index turned bullish, and a key milestone is Bitcoin staying above $71,000 for three days.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 7:22 pm

Robert F. Kennedy Jr. announced his purchase of GameStop shares to support the retail investor movement, highlighting his stance on market transparency and regulatory reforms. This move could validate the meme stock movement and attract support from retail traders and cryptocurrency investors.

Portfolio Pulse from Chris Katje

May 21, 2024 | 6:37 pm

Iris Energy Limited (NASDAQ:IREN) shares are trading higher due to increased interest in cryptocurrency-related stocks. Ethereum's price spike and optimism about spot Ethereum ETFs have contributed to this interest. Iris Energy reported mining 1,003 Bitcoin in Q1, with revenue of $53.4 million. The stock is trading above its 50-day moving average and has a 1-year price target of $9.85.

Portfolio Pulse from Erica Kollmann

May 21, 2024 | 5:52 pm

The SEC's request for revisions to Ether ETF applications has generated optimism in the cryptocurrency industry. Experts believe that the approval of Ethereum ETFs could lead to mass adoption, increased legitimacy, and significant price increases for Ethereum. The approval could also set a precedent for other altcoin ETFs.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 4:40 pm

The SEC appears more likely to approve Ether ETFs from companies like BlackRock and VanEck, which could impact Bitcoin and other cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:33 pm

Coinbase Global, Inc. (NASDAQ:COIN) shares are moving amid increased interest in cryptocurrency-related stocks, driven by a spike in Ethereum (ETH) and Bitcoin (BTC) prices. Ethereum's price surge is linked to optimism about the potential approval of spot Ethereum ETFs. Coinbase shares rose 8.47% on Monday, following an upgrade from BofA Securities. However, shares are currently trading below their 50-day moving average.

Portfolio Pulse from Erica Kollmann

May 21, 2024 | 3:57 pm

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