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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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Bitcoin's price has surged over 4% in the last 24 hours, reaching $71,862.00, with a weekly increase of over 6%. Trading volume has risen by 34% while the circulating supply slightly decreased. Bitcoin's market cap is $1.42 trillion, ranking it #1.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:00 pm

Coinbase CEO Brian Armstrong criticized the SEC's inconsistent stance on crypto regulation and called for the next SEC chair to apologize for the agency's actions. Armstrong also endorsed pro-crypto candidates for the Senate, highlighting the political dimension of crypto regulation.

Portfolio Pulse from Murtuza Merchant

October 29, 2024 | 2:50 pm

Portfolio Pulse from Adam Eckert

October 29, 2024 | 2:20 pm

Arthur Hayes, co-founder of BitMEX, predicts a surge in Chinese demand for Bitcoin as China considers aggressive monetary stimulus to address its property crisis. Hayes suggests that China's potential quantitative easing could lead to yuan devaluation, making Bitcoin an attractive option for wealth preservation.

Portfolio Pulse from Murtuza Merchant

October 29, 2024 | 1:21 pm

The article lists the top 10 trending stocks on WallStreetBets as of October 29, 2024, according to Swaggy Stocks. The stocks mentioned include AMD, MCD, MSTR, NVDA, PYPL, SOFI, and TSLA.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:16 pm

The article discusses the role of prediction markets, particularly Polymarket, in the upcoming U.S. presidential election between Donald Trump and Kamala Harris. Polymarket has seen significant betting activity, raising concerns about market manipulation and foreign influence. Despite these concerns, some investors argue that prediction markets offer a more reliable gauge of election outcomes than traditional polls.

Portfolio Pulse from Aniket Verma

October 29, 2024 | 12:00 pm

Bitcoin's price surged past $71,500, driven by record ETF inflows, particularly from BlackRock's ETF, and increased derivatives activity. Experts suggest potential further gains due to liquidity from ETF inflows and possible Federal Reserve rate cuts. However, caution is advised due to potential market volatility and overbought technical indicators.

Portfolio Pulse from Murtuza Merchant

October 29, 2024 | 11:58 am

US stocks are expected to open weaker as investors focus on upcoming earnings from major companies like Alphabet, AMD, and Pfizer. Analysts suggest earnings may exceed Wall Street expectations. The tech sector, led by Tesla, continues to drive market gains. Ford and McDonald's face premarket declines due to guidance cuts and sales drops, respectively.

Portfolio Pulse from Rounak Jain

October 29, 2024 | 11:43 am

Bitcoin has surged past $71,000, nearing its all-time high, with predictions of reaching $73,000 soon. However, the likelihood of Bitcoin hitting $250,000 by year-end is low, with only 2% odds. The rally is linked to Donald Trump's rising election odds.

Portfolio Pulse from Aniket Verma

October 29, 2024 | 9:18 am

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