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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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SWIFT, the global bank messaging network, plans to launch a platform within 1-2 years to connect central bank digital currencies (CBDCs) with the global banking system. This move, coinciding with the launch of major CBDCs, aims to integrate these digital currencies into the existing financial infrastructure. A recent trial involving 38 central banks and commercial banks demonstrated the feasibility of using existing banking infrastructure for CBDC transactions, marking a significant step towards the adoption of digital currencies in global finance.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 9:42 am

Richard Dawkins, known for coining the term 'meme', received a cryptocurrency named after him, Dawkoin, as a birthday present. Elon Musk, CEO of Tesla and a cryptocurrency enthusiast, acknowledged this with a laugh. Dawkoin, which credits Dawkins as the 'father of MEMEs', has a total supply of 1 billion and can be bought by converting Solana (SOL) on the Raydium platform. Investors are advised to be cautious with meme coins like Dawkoin due to their speculative nature.

Portfolio Pulse from Ramakrishnan M

March 26, 2024 | 7:12 am

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a significant rally, with Bitcoin surpassing $70,000. The global cryptocurrency market cap increased by 5.81% to $2.64 trillion. Meanwhile, traditional stocks saw a slight decline. Analysts suggest Bitcoin could retest all-time highs if the current momentum continues, with potential dips seen as buying opportunities. Concerns about a possible correction were also mentioned, with a focus on Bitcoin's ETF netflows slowing down.

Portfolio Pulse from Mehab Qureshi

March 26, 2024 | 3:05 am

Thomas Lee, co-founder of Fundstrat Global Advisors, accurately predicted Bitcoin's rise in 2018, suggesting it could reach $150,000 by capturing 1% of global assets. As of 2024, Bitcoin has surpassed $70,000, reflecting its increasing acceptance and role in financial portfolios. Lee's insights will be discussed at Benzinga's Future of Digital Assets conference, highlighting the growing market cap of cryptocurrencies and their appeal as an uncorrelated asset class for diversification.

Portfolio Pulse from Murtuza Merchant

March 25, 2024 | 8:26 pm

Bitcoin (BTC) has surpassed the $70,000 mark, experiencing a 6.4% rally and a 63% increase in trading volumes. 10x Research highlights the upcoming week as critical for Bitcoin's direction, predicting a potential 15,000-point move influenced by both bearish and bullish factors. Bearish factors include negative Bitcoin ETF flows and a drop in altcoin volumes, while bullish factors encompass dovish central banks, the Bitcoin halving event, and a favorable risk-assets environment. The market's focus on the Fed's dovish stance could signal a bullish sentiment for Bitcoin, with a key level at $68,300 to watch.

Portfolio Pulse from Khyathi Dalal

March 25, 2024 | 7:07 pm

US stocks saw a mixed session with tech giants like Apple, Alphabet, and Meta facing regulatory scrutiny, while energy stocks surged due to rising crude prices. The Energy Select Sector SPDR Fund reached levels close to its all-time highs. Intel and AMD stocks were volatile after China's move to phase out U.S. microprocessors. Bitcoin reclaimed $70,000. Notable stock movements included gains for Bitcoin-related companies and Micron Technology, while United Airlines and Take-Two Interactive faced declines.

Portfolio Pulse from Piero Cingari

March 25, 2024 | 5:58 pm

Bitcoin (BTC) surpassed the $70,000 mark again, indicating a bullish trend as it prepares for the Benzinga's Future of Digital Assets conference. Crypto strategist Kevin Svenson predicts a rally towards $76,000, citing an 'inverse head and shoulders' pattern and positive MACD indicator momentum.

Portfolio Pulse from Murtuza Merchant

March 25, 2024 | 4:51 pm

The EU is probing Apple, Meta, and Alphabet under the Digital Markets Act, with potential fines up to 10% of global revenues. China bans Intel and AMD microprocessors in government computers, significantly impacting their sales. Fed's Bostic expects only one rate cut this year, contrary to market expectations of three. Early trade shows neutral money flows in NVIDIA, negative in Amazon, Tesla, Microsoft, Google, Meta, and Apple, and positive in Invesco QQQ Trust.

Portfolio Pulse from The Arora Report

March 25, 2024 | 4:07 pm

Glassnode's report highlights the significant role of Bitcoin ETFs in altering the traditional market dynamics surrounding the Bitcoin halving. The influx of institutional demand through ETFs is changing the supply-demand equilibrium, potentially diminishing the halving's bullish impact. ETFs are pulling Bitcoin out of circulation, adding complexity to market sentiment. The report suggests monitoring ETF activities and the behavior of long-term holders as crucial strategies for navigating the upcoming halving event.

Portfolio Pulse from Murtuza Merchant

March 25, 2024 | 2:18 pm

Bitcoin's value increased, while AMD and Intel experienced a decline due to new restrictions in China. Boeing's CEO announced plans to step down.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 2:18 pm

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