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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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Crypto analyst Peter Brandt warns of a potential bearish trend for Bitcoin, citing an inverted expanding triangle pattern on its chart. If Bitcoin tests the lower boundary, it could drop by 19% to $46,000. However, analyst Ali Martinez offers a more optimistic view, noting Bitcoin's historical performance in October.

Portfolio Pulse from Bibhu Pattnaik

September 07, 2024 | 5:16 pm

Cryptocurrency markets are experiencing a downturn with significant outflows from Bitcoin and Ethereum ETFs. Bitcoin has fallen below $53,000, and Ethereum is also down. Notable statistics include a drop in large transaction volumes and high liquidation levels. Analysts suggest the current market decline may be temporary.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 9:09 pm

The article highlights five lesser-known facts about Peter Thiel, co-founder of PayPal and Palantir. Thiel was the first outside investor in Facebook, turning a $500,000 investment into over $1 billion. He has political ties with Donald Trump but plans less involvement in the 2024 election. Thiel's relationship with Elon Musk includes past tensions at PayPal and investments in Musk's ventures. Thiel's foundation supported Ethereum's co-founder Vitalik Buterin with a $100,000 grant. Thiel's love for science fiction influenced the naming of his companies.

Portfolio Pulse from Chris Katje

September 06, 2024 | 8:30 pm

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower due to a price target cut by Barclays and a drop in Bitcoin prices. Barclays analyst upgraded Coinbase to Equal-Weight but reduced the price target from $206 to $169. Broader market weakness following the August jobs report also contributed to the decline.

Portfolio Pulse from Erica Kollmann

September 06, 2024 | 6:03 pm

The U.S. stock market experienced a significant downturn due to disappointing August jobs data, with major indices dropping over 1%. The Nasdaq 100 faced its worst week in two years, heavily impacted by a slump in semiconductor stocks. The iShares Semiconductor ETF and Nvidia saw notable declines. Investors moved towards cash and bonds, while commodities and cryptocurrencies also suffered losses.

Portfolio Pulse from Piero Cingari

September 06, 2024 | 5:46 pm

The U.S. labor market's resilience in August has sparked optimism in the cryptocurrency sector, with experts predicting a potential upswing for Bitcoin and other digital assets. The addition of 142,000 nonfarm payrolls in August suggests a more dovish Federal Reserve approach, possibly benefiting cryptocurrencies. Analysts highlight factors like global central bank liquidity and institutional adoption as potential catalysts for Bitcoin's price appreciation.

Portfolio Pulse from Murtuza Merchant

September 06, 2024 | 4:17 pm

Bitcoin veteran Fred Krueger envisions a future where Bitcoin becomes the global currency by 2051, replacing central banks and fiat currency. He predicts a stable economy with zero inflation, where wages and taxes are paid in Bitcoin, fostering financial inclusion and reducing wealth inequality.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 4:14 pm

The recent jobs report, known as the 'mother of all reports', has disappointed both bulls and bears due to mixed data, making it difficult for the Fed to decide on interest rate cuts. Fed Governor Waller's upcoming remarks are expected to influence market direction. Broadcom's earnings met expectations for AI chips but fell short overall, impacting AI stocks. Money flows are positive in major tech stocks and ETFs like SPY and QQQ. Investors are advised to maintain a protection band strategy to balance risk and opportunity.

Portfolio Pulse from The Arora Report

September 06, 2024 | 3:54 pm

Bitcoin's price has decreased by 3.31% in the past 24 hours, continuing a week-long decline of 5.0%. Trading volume has also fallen by 5.0%, with the circulating supply slightly decreasing. Bitcoin's market cap remains at $1.08 trillion.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 3:00 pm

Intel is considering selling its stake in Mobileye due to investor pressure, which has led to a decline in its stock price. This move is part of a broader strategy to address investor concerns and potentially refocus on its core business. Meanwhile, the US stock market is experiencing volatility with major indices like the Dow and S&P falling, influenced by upcoming jobs data and a surge in the VIX. Additionally, Bitcoin and Ethereum have seen price drops, while Dogecoin remains stable, amid a weak private employment report.

Portfolio Pulse from Akanksha Bakshi

September 06, 2024 | 1:59 pm

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