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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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Economist and crypto trader Alex Krüger predicts that Bitcoin will rise significantly by year-end, while Ethereum may underperform due to a potential ETF rejection. However, he suggests that the U.S. elections could lead to regulatory changes and an Ethereum ETF approval in 2025, which would boost Ethereum's performance. An unexpected early approval of an Ethereum ETF could drive Ethereum to new all-time highs. Bloomberg analysts have updated the approval chances to 75%. Traders should stay vigilant until the decision on May 23.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 3:26 pm

The article discusses the recent investor day at JPMorgan Chase & Co (JPM) and CEO Jamie Dimon's comments on the stock's overvaluation, leading to a sell-off by smart money. It also covers earnings reports from Lowe's (LOW), Macy's (M), and Palo Alto Networks (PANW), as well as early trade money flows in major tech stocks and ETFs. Additionally, it touches on gold, oil, and bitcoin market activities.

Portfolio Pulse from The Arora Report

May 21, 2024 | 2:34 pm

Ethereum rises 20% and Bitcoin surpasses $70K fueled by ETF inflows. Wall Street opens flat with Nvidia earnings and Fed speeches in focus. Tesla's Semi fleet grows as PepsiCo takes delivery of 50 EV trucks. Trump Media & Technology Group reports over $300M loss in first earnings since going public.

Portfolio Pulse from Akanksha Bakshi

May 21, 2024 | 1:15 pm

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Eagle Materials, Morgan Stanley, iShares U.S. Real Estate ETF, and Axon Enterprise. Eagle Materials plans to modernize and expand its cement plant. Morgan Stanley invested $269.9 million in Bitcoin ETFs. Axon Enterprise posted strong Q1 results and plans to acquire Dedrone.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:35 pm

Portfolio Pulse from Pooja Rajkumari

May 21, 2024 | 11:48 am

Bitcoin spot ETFs saw a significant net inflow of $241 million on Monday, driving Bitcoin prices above $70,000. Leading the inflows were Ark Invest and 21Shares’ ETF (ARKB), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), Bitwise’s Bitcoin ETF (BITB), and Grayscale Bitcoin Trust (GBTC). The inflows reflect growing investor confidence and favorable market conditions.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 11:25 am

Wall Street is expected to open mostly flat as traders await Nvidia's earnings and several Fed speeches. Bitcoin surged above $71K on Ethereum ETF approval speculation. Key stocks in focus include Nvidia, Palo Alto Networks, Zoom Video Communications, Lowe's, AutoZone, Macy's, Toll Brothers, Viasat, and Urban Outfitters.

Portfolio Pulse from Shanthi Rexaline

May 21, 2024 | 11:14 am

Michael Saylor, co-founder of MicroStrategy Inc. (NASDAQ:MSTR), highlighted Bitcoin's (BTC) recent surge and its potential to reach new all-time highs. Bitcoin's price recently rose above $71,000, and MicroStrategy shares increased by 9%. Analysts predict further growth for Bitcoin, with some forecasts reaching up to $2.3 million by 2030.

Portfolio Pulse from Aniket Verma

May 21, 2024 | 7:19 am

Renowned financial advisor Ric Edelman predicts Bitcoin could reach $420,000 if 1% of global financial assets are allocated to it. This comes amid growing institutional interest and debates about Bitcoin's future. Bitcoin is currently trading at $70,846, with a 60.39% increase in value since the beginning of the year.

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 5:24 am

A significant increase in the probability of a spot Ethereum ETF approval has led to bullish activity among cryptocurrency investors. James Fickel, a prominent investor, swapped $25 million worth of Wrapped Bitcoin for Ether, contributing to a broader market rally. The number of traders going long on ETH has surged, and large transaction volumes have tripled in the last 24 hours.

Portfolio Pulse from Aniket Verma

May 21, 2024 | 4:22 am

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