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

US stocks are expected to start the week sluggishly, with key earnings reports and labor market readings potentially influencing the market. Apple's earnings report on Thursday is seen as a crucial indicator of global consumer health. Last week, the major averages advanced due to earnings optimism and benign inflation readings. LPL Financial's Chief Technical Strategist Adam Turnquist believes the current bull market rally is sustainable due to broader participation. In premarket trading on Monday, the SPDR S&P 500 ETF Trust rose 0.06% and the Invesco QQQ ETF edged down 0.01%. Several companies, including Palantir Technologies, Advanced Micro Devices, and Microsoft, are in focus due to their upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 11:01 am

The article discusses a scenario where if someone had invested $100 in Bitcoin (BTC) when the character Gilfoyle from the TV show 'Silicon Valley' suggested exploring cryptocurrency, they would have seen a 206.61% gain. The episode aired on May 6, 2018, when Bitcoin was trading at $9585. At the time of writing, BTC was trading at $29,389.

Portfolio Pulse from Mehab Qureshi

July 31, 2023 | 10:52 am

The Securities and Exchange Commission (SEC) reportedly instructed Coinbase (NASDAQ:COIN) to halt trading on all cryptocurrencies except Bitcoin (CRYPTO: BTC). The SEC identified 13 tokens as securities and recommended delisting over 200 tokens offered by the exchange. Coinbase CEO, Brian Armstrong, disagreed with the SEC’s classification and decided to contest the SEC’s demand in court.

Portfolio Pulse from Mehab Qureshi

July 31, 2023 | 6:31 am

The US Securities and Exchange Commission (SEC) asked Coinbase to halt trading in all cryptocurrencies except Bitcoin before suing the exchange for failing to register as a broker. The SEC identified 13 cryptocurrencies on Coinbase's platform as securities. Coinbase CEO Brian Armstrong said that complying with the SEC's request would have meant the end of the crypto industry in the US. The SEC and the Commodity Futures Trading Commission are currently debating whether all or any crypto tokens should fall under their purview.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 5:12 am

Australian actress Margot Robbie compared Bitcoin discussions to the persona of Ken, a character from Barbie, during an interview. MicroStrategy CEO Michael Saylor shared the video and referred to Bitcoin as 'Big Ken Energy'. At the time of writing, Bitcoin was trading at $29,418, up 0.31% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 31, 2023 | 3:35 am

Major cryptocurrencies traded mixed following a security exploit at Curve Finance, putting $100M worth of cryptos at risk. The exploit involved multiple stable pools using Vyper versions 0.2.15, 0.2.16, and 0.3.0. The global crypto market capitalization stands at $1.19 trillion. Analyst Michael Van de Poppe suggests that Bitcoin dominance is approaching a turning point, potentially shifting the spotlight to altcoins. Veteran trader Peter Brandt believes that Bitcoin's correlation with other markets is negligible and that it will be top of the food chain.

Portfolio Pulse from Mehab Qureshi

July 31, 2023 | 2:28 am

This week's cryptocurrency news includes the potential impact of a Bitcoin ETF from BlackRock, Elon Musk's support for Dogecoin, Robert Kennedy Jr.'s Bitcoin investment, Congressman Brad Sherman's criticism of Bitcoin, and Tesla's removal of Bitcoin from its payment options. Fundstrat predicts a Bitcoin ETF could boost Bitcoin's price to $180,000. Musk's display of the Dogecoin symbol on Twitter led to an 8% price surge. Kennedy Jr. revealed a $400,000 investment in Bitcoin. Tesla removed Bitcoin from its payment page due to regulatory and environmental concerns.

Portfolio Pulse from Benzinga Neuro

July 30, 2023 | 12:01 am

The recent 0.25% rate hike by the Federal Reserve has increased interest in weekend cryptocurrency movements, with Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) expected to make significant moves. Bitcoin and Ethereum have been trading sideways under significant support and resistance levels, while Dogecoin has been consolidating above the 200-day simple moving average (SMA) after a 14% surge.

Portfolio Pulse from Melanie Schaffer

July 28, 2023 | 8:33 pm

Bitcoin and Ethereum experienced a drop in their prices, trading above $29,200 and below $1,900 respectively. The global crypto market cap also fell to $1.18 trillion, a 24-hour decline of 0.5%. Synthetix and Pepe were among the biggest losers in the crypto market, while Immutable was the top gainer.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 2:07 pm

US stock futures indicate a rebound due to support from tech earnings. Intel Corp. and Roku, Inc. are among the stocks that are getting a lift from their earnings reports. The US economy may prove more resilient in the second half of 2023 than many forecasters had expected, according to Morgan Stanley's Ellen Zenter. In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose 0.36% and the Invesco QQQ ETF gained 0.76%. Ford Motor Co. fell over 1.8% in premarket trading after it pushed out electric vehicle adoption goals despite the beat-and-raise quarter.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 10:55 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.