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BTCUSD

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 decreased by 4.4% in the last 24 hours to $57,617, despite a 6% increase over the past week. Trading volume has increased by 7% alongside a slight increase in circulating supply.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 3:01 pm

Bernstein analysts predict that potential Federal Reserve rate cuts could benefit the crypto credit markets, particularly DeFi and Ethereum. Aave, a major DeFi platform, could see increased activity and yields, attracting large investors back to the crypto market.

Portfolio Pulse from Khyathi Dalal

September 16, 2024 | 2:27 pm

Canaccord Genuity has lowered its price target for MicroStrategy (MSTR) from $185 to $173, while maintaining a Buy rating. The adjustment is due to MicroStrategy's aggressive Bitcoin acquisition strategy, with over $1.1 billion in Bitcoin purchased recently. Despite the lower target, Canaccord remains optimistic about MicroStrategy's strategy and the Bitcoin market.

Portfolio Pulse from Murtuza Merchant

September 16, 2024 | 1:33 pm

Despite $436 million in net ETF inflows last week, Bitcoin's price dipped below $59,000, influenced by market expectations of a potential Federal Reserve interest rate cut. Ethereum saw continued outflows, while Solana experienced inflows, indicating shifting investor preferences.

Portfolio Pulse from Murtuza Merchant

September 16, 2024 | 11:48 am

U.S. stocks are expected to open mixed as traders anticipate a Federal Reserve rate cut. Small-caps are outperforming, with the Russell 2000 futures rising. Analysts are divided on the impact of the rate cut, with some seeing it as a buying opportunity. Key stocks in focus include Trump Media & Technology Group, Apple, and Intel.

Portfolio Pulse from Shanthi Rexaline

September 16, 2024 | 10:52 am

Crypto analyst Michaël van de Poppe predicts Bitcoin could surge by 890% in the current cycle, potentially reaching $300,000 to $600,000. He suggests Bitcoin is undervalued and could rise as a safe haven against geopolitical and economic uncertainties. A breakout in the TOTAL3/BTC ratio may indicate altcoins outperforming Bitcoin.

Portfolio Pulse from Bibhu Pattnaik

September 15, 2024 | 4:01 pm

The crypto world saw major developments, including Jamie Dimon's evolving stance on Bitcoin, the Trump family's DeFi project, and potential election impacts on Bitcoin prices. JPMorgan now holds Bitcoin ETFs, and a Trump victory could push Bitcoin to $90K.

Portfolio Pulse from Benzinga Neuro

September 15, 2024 | 12:04 pm

Cryptocurrency markets are on the rise with Bitcoin nearing $60,000, driven by expectations of a Federal Reserve rate cut. MicroStrategy's recent Bitcoin acquisition and Bitcoin Spot ETFs inflows are notable developments. Analysts suggest this may be a last chance to buy Bitcoin at lower prices.

Portfolio Pulse from Khyathi Dalal

September 14, 2024 | 6:56 am

Bitcoin is showing a negative correlation with gold as investors lean towards traditional safe-haven assets. While gold prices hit record highs, Bitcoin's value is declining, highlighting its volatility and risk. The decoupling raises questions about Bitcoin's role as a 'new gold' and its future as an institutional asset.

Portfolio Pulse from Khyathi Dalal

September 13, 2024 | 4:37 pm

MicroStrategy Inc (NASDAQ:MSTR) has purchased 18,300 Bitcoin for $1.11 billion, continuing its strategy of acquiring the cryptocurrency. This purchase increases its total holdings to 244,800 bitcoins. The company's stock rose 6.6% following the announcement.

Portfolio Pulse from Chris Katje

September 13, 2024 | 3:47 pm

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