Streetbeat News

BTCUSD

Bitcoin / US Dollar

Industry

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

The launch of Bitcoin spot ETFs in the US is expected to impact traditional crypto stocks like Coinbase (COIN), Marathon Digital (MARA), and MicroStrategy (MSTR). While ETFs provide direct Bitcoin exposure, they may reduce investor interest in crypto equities. The upcoming Bitcoin halving event could further affect miner profitability. Despite potential challenges, some industry players remain positive about the market expansion due to ETFs. JPMorgan notes that mining stocks may face headwinds as they are currently trading at near all-time highs.

Portfolio Pulse from Murtuza Merchant

January 12, 2024 | 3:13 pm

Bitcoin (BTC) experienced a 6.07% price drop over the past 24 hours, falling to $45,551.00, despite a 5.0% gain over the past week. The trading volume has increased by 37.0%, and the circulating supply rose by 0.05% to over 19.60 million coins. Bitcoin's market cap remains at #1, valued at $890.72 billion.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 3:00 pm

Bitcoin (BTC) fell below the $46,000 level after U.S. Producer Price Index (PPI) data showed a 0.1% drop, matching the previous month and defying expectations of a rise. Ethereum (ETH) rose above $2,600. The global crypto market cap decreased by 2% to $1.77 trillion. FTX Token (FTT) led gains, while Bonk (BONK) and Frax Share (FXS) were among the top losers. Other notable gainers and losers in the crypto market were also listed.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 2:34 pm

BlackRock Inc. CEO Larry Fink expressed his support for Ethereum ETFs, seeing them as valuable stepping stones towards the tokenization of financial assets. Fink, who was initially skeptical about cryptocurrencies, now views them as an asset class rather than a currency. His comments follow the SEC's approval of spot Bitcoin ETFs, which he believes will transform financial markets. Fink predicts that tokenization will enhance transparency and reduce issues like money laundering.

Portfolio Pulse from Murtuza Merchant

January 12, 2024 | 2:18 pm

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of January 12, 2024, which includes TSLA, NVDA, JPM, ZIM, MARA, $BTC, UNH, CORN, NFLX, and QQQ.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 2:10 pm

Shiba Inu (SHIB) sees a 400% increase in token burns and $1.38M in whale acquisitions. Cathie Wood of Ark Invest predicts Bitcoin could reach $1.5M by 2030. Robinhood lists all Bitcoin Spot ETFs, while Elizabeth Warren criticizes SEC's approval of them. Flexsteel Industries reports strong preliminary results. Trump's town hall garners 4.4M views, and US sanctions Russian entities over missile purchases. Apple and Google make tech headlines with new initiatives and layoffs, respectively. Tesla faces a share price drop and announces a price cut in China. Stellantis invests in battery tech, and eBay settles a harassment case.

Portfolio Pulse from Akanksha Bakshi

January 12, 2024 | 1:04 pm

SEC Chairman Gary Gensler stated that the majority of crypto tokens are securities and should be regulated under securities laws. This reaffirms the SEC's stance on the regulation of cryptocurrencies, potentially impacting the broader crypto market and related assets.

Portfolio Pulse from Charles Gross

January 12, 2024 | 12:29 pm

SEC Chair Gary Gensler discussed Bitcoin on CNBC, describing it as a highly speculative and very volatile underlying asset. His comments may influence investor perception and regulatory expectations for cryptocurrencies.

Portfolio Pulse from Charles Gross

January 12, 2024 | 12:25 pm

U.S. stock futures indicate a weaker open on Friday after mixed trading on Thursday following the consumer price inflation report. The Nasdaq Composite closed slightly up, extending its winning streak, while the S&P 500 and Dow Industrials saw marginal movements. The focus now shifts to the producer price inflation report. In premarket trading, SPY and QQQ are down, while individual stocks like TSLA, UNH, BLK, BK, DAL, BAC, and JPM show varied reactions to earnings reports and other news. Energy stocks like CVX and XOM are up due to tensions in the Red Sea. The upcoming economic data and comments from Minneapolis Fed President Neel Kashkari are also in focus.

Portfolio Pulse from Shanthi Rexaline

January 12, 2024 | 12:21 pm

Blackrock CEO Larry Fink expressed his belief in cryptocurrency as an asset class during an interview on CNBC. He differentiated between viewing cryptocurrencies as an asset class rather than as a currency.

Portfolio Pulse from Charles Gross

January 12, 2024 | 11:27 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.