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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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On Tuesday, U.S. stocks showed mixed results with the Dow Jones slightly up and NASDAQ and S&P 500 down. Apple (AAPL) fell 3.58%, Longboard Pharmaceuticals (LBPH) surged 316.25% on positive study data, Coinbase (COIN) dropped 9.80% amid leadership changes, Moderna (MRNA) gained 13.12% on market dynamics and company news, and Tesla (TSLA) had a negligible decrease of 0.02% influenced by analyst opinions and market sentiment.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 1:34 am

The article discusses the potential impact of the upcoming Bitcoin halving in April 2024, which historically has led to price surges in Bitcoin (BTC). It reflects on the gains since the last halving on May 11, 2020, where a $1,000 investment in Bitcoin would now be worth $4,995.52, a 399.6% increase. In contrast, the SPDR S&P 500 ETF Trust (SPY) has risen 71.1% over the same period.

Portfolio Pulse from Chris Katje

January 03, 2024 | 12:21 am

TeraWulf Inc. subsidiary TeraLease has amended its purchase agreement with Bitmain Technologies Delaware Limited to include an additional 18,500 S19j XP Miners. This amendment builds on the initial agreement from July 14, 2023, and could potentially impact TeraWulf's mining capabilities and future revenue.

Portfolio Pulse from Charles Gross

January 02, 2024 | 10:14 pm

Jim Cramer, a prominent market commentator, has changed his stance on Bitcoin, acknowledging its resilience and recent rally. In December 2022, he advised selling Bitcoin when it was priced at $17,100. As of the article's publication, Bitcoin has surged to over $45,000. Cramer's comments on CNBC and social media reflect his new perspective, recognizing Bitcoin as a 'technological marvel that is here to stay,' despite his previous skepticism and the SEC's critical stance on crypto.

Portfolio Pulse from Khyathi Dalal

January 02, 2024 | 9:51 pm

Traders on Polymarket are betting on an 89% chance that the U.S. will approve a Bitcoin ETF by January 15. The optimism, which has grown from 50% a month earlier, has contributed to Bitcoin's price surge above $45,000. The SEC may inform the 14 spot ETF applicants of their approval status soon. Some traders are hedging with 'No' contracts against potential price drops if the ETFs are not approved.

Portfolio Pulse from Murtuza Merchant

January 02, 2024 | 7:41 pm

Bitcoin-based NFTs, known as Ordinals, reached a record $881M in sales in December 2023, a 130% increase from November. The Ordinals protocol allows unique data inscriptions on Bitcoin's blockchain, contributing to the market growth. The number of active buyers and sellers also hit record highs. Solana flipped Ethereum in monthly NFT sales for the first time, with $366M in sales compared to Ethereum's $353M. The performance of Bitcoin NFTs and the broader NFT market's resurgence could indicate a significant shift in the digital asset space.

Portfolio Pulse from Murtuza Merchant

January 02, 2024 | 7:10 pm

Matrixport's report suggests Bitcoin could reach $50,000 by January 2024, driven by a high funding rate of 66.1% and a potential spot Bitcoin ETF approval. Bitcoin's price has surged, hitting $45,000 for the first time in 20 months. The report also notes that Bitcoin's halving event in April 2024 and the U.S. presidential election year could further boost its price, with a potential to hit $125,000 by July 2023.

Portfolio Pulse from Khyathi Dalal

January 02, 2024 | 6:52 pm

Wall Street began 2024 with declines in major indices, particularly the S&P 500 and Nasdaq 100, dragged down by the tech sector. Tesla (TSLA) remained flat, while Apple (AAPL) and NVIDIA (NVDA), along with semiconductor ETFs like SOXX, saw significant drops. The decline in tech stocks was partly due to a White House request to limit chip exports to China. The dollar and Treasury yields surged, while commodities had a mixed day. Bitcoin (BTC) rose, anticipating a Bitcoin ETF approval. Sector ETFs like SPY, DIA, and QQQ moved in line with their respective indices, while XLV outperformed and XLK lagged. Biotech stocks and ETFs like IBB performed well, whereas semiconductor ETFs like SMH declined. Moderna (MRNA) surged after an Oppenheimer upgrade, while Rivian (RIVN) and cruise lines like NCLH and RCL saw stock price declines.

Portfolio Pulse from Piero Cingari

January 02, 2024 | 6:29 pm

Shares of Hut 8 Corp (NASDAQ:HUT) and Hive Digital Technologies Ltd (NASDAQ:HIVE) are rising following Bitcoin's surge above $45,000. Bitcoin's rally, driven by anticipation of a spot Bitcoin ETF approval, is positively impacting these mining companies. Hive Digital recently closed a bought-deal private placement to expand its mining operations and intends to hold its Bitcoin until the next halving. Hut 8 is trending on finance platforms and has seen a significant share price increase over the past month.

Portfolio Pulse from Erica Kollmann

January 02, 2024 | 3:58 pm

Bitcoin has surpassed $45,000, prompting asset management firms to update their submissions to the SEC for spot Bitcoin ETFs. Firms like BlackRock Inc (BLK), VanEck, Valkyrie, Bitwise, Invesco, Fidelity, WisdomTree, Ark Investments, and 21Shares are preparing for a potential Jan. 10 launch date. The SEC's approval is seen as a catalyst for Bitcoin's price increase. Valkyrie and Ark/21Shares propose a 0.80% fee, while Fidelity plans for a lower 0.39% fee. Invesco has announced a fee waiver for six months on the first $5 billion in assets. Grayscale and Hashdex also aim to convert existing products into spot Bitcoin ETFs.

Portfolio Pulse from Murtuza Merchant

January 02, 2024 | 3:14 pm

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