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Bitcoin / US Dollar

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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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A viral post by a crypto trader, Shabby, on X (formerly Twitter) discusses the illusion of financial freedom through accumulating wealth, emphasizing that happiness and freedom are not tied to monetary values. The post, which garnered over 1 million views, sparked a debate among the crypto community, with various traders and a crypto VC firm's member weighing in on the relationship between wealth, happiness, and self-worth. The discussion reflects broader sentiments in the cryptocurrency space regarding greed, ambition, and the pursuit of wealth.

Portfolio Pulse from Ivan Crnogatić

April 06, 2024 | 1:05 pm

Wall Street experienced significant declines, with the Dow dropping 2.27% in its steepest weekly fall of 2024. Treasury yields spiked following a report of higher-than-expected job growth. Bullish views include Tesla's AI project potential, Apple's new AI model ReALM, and support for Shiba Inu. Bearish perspectives involve Meta sharing user data, challenges for Bitcoin spot ETFs, and Hertz's issues with Tesla EVs.

Portfolio Pulse from Michael Cohen

April 06, 2024 | 12:56 pm

Peter Schiff warns that despite the Dow Jones' recent 300-point rise, it is in a 'stealth bear market' when compared to gold, which hit a record high of over $2,300 per ounce. Schiff highlights that the Dow, when measured in gold, is down about 10% in 2024, and predicts a 35% upside for commodity prices. He also advises Bitcoin holders to switch to gold and silver, emphasizing gold's role as a reliable store of value amidst a surge in mining stocks.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 7:35 am

The jobs report significantly exceeded expectations, indicating a strong economy and reducing the likelihood of interest rate cuts in June. Money flows were positive for several tech giants and ETFs like SPY and QQQ, while negative for GOOG and TSLA. The report suggests investors should be cautious of stock market permabulls and consider a balanced approach to investing.

Portfolio Pulse from The Arora Report

April 05, 2024 | 6:26 pm

Cryptocurrency trader DonAlt predicts Bitcoin could reach $80,000+ if it maintains a longer range between $65,000 and $68,300. He suggests the current cycle is too late for new purchases unless deploying large capital. Liquidations and short-term price movements indicate volatility, while another trader labels the recent breakout a 'true bull market classic.' The upcoming Benzinga event will explore Bitcoin's institutional impact.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 6:24 pm

BlackRock Inc. (BLK) has expanded its Authorized Participants (APs) for the IBIT Bitcoin ETF, adding Goldman Sachs (GS), Citigroup (C), and others, aiming to enhance liquidity and investor reach. This move reflects the growing integration of Bitcoin into mainstream finance and has seen IBIT and Fidelity's FBTC ETF outperform significantly, capturing a substantial portion of net inflows.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 3:41 pm

Cryptocurrency analyst Rekt Capital predicts a market shift as Bitcoin approaches its fourth halving event on April 19. The analyst outlines three phases: the final pre-halving retrace, re-accumulation, and a parabolic uptrend. Bitcoin has recently pulled back by 18%, similar to past pre-halving retraces. The halving event, which reduces the reward for mining new blocks, historically impacts Bitcoin's price significantly. Other traders also anticipate positive outcomes from the halving.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 2:50 pm

Ethereum fell below $3,300 and the global crypto market cap dropped to $2.47 trillion following U.S. jobs data showing a significant increase in nonfarm payrolls. Bitcoin remained above $66,000 despite a slight decline. Pendle was the top gainer, while Ethena and Wormhole were among the top losers in the crypto market.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 1:36 pm

The Bitcoin-Ether ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin over Ether. This surge could signal caution in the crypto market, with potential implications for broader financial markets. Bitcoin's recent price drop and the cooling demand for ETFs, along with mixed signals from analysts and market indicators, suggest a complex outlook for cryptocurrencies.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 1:04 pm

Veteran trader Peter Brandt criticized Ethereum (ETH), calling it a 'junk coin' and inferior to Bitcoin (BTC), which he praised as 'King over Gold'. Brandt expressed his views on Twitter, highlighting Ethereum's issues with functionality, high gas fees, and its failure as a store of value compared to Bitcoin.

Portfolio Pulse from Mehab Qureshi

April 05, 2024 | 11:28 am

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