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1 day ago
Rosenblatt Securities lowered price targets and financial estimates for several Bitcoin mining companies Friday, citing a sharp decline in mining profitability that highlights the growing importance of high-performance computing (HPC) revenue.
The investment firm reiterated Buy ratings for Cipher Mining (NASDAQ: CIFR), TeraWulf (NASDAQ: WULF), and Hut 8 (NASDAQ: HUT), favoring companies that are actively diversifying into AI and computing power. ******* yst Chris Brendler noted that while pure-play Bitcoin mining remains under pressure due to “stubbornly high network competition,” the impact
The investment firm reiterated Buy ratings for Cipher Mining (NASDAQ: CIFR), TeraWulf (NASDAQ: WULF), and Hut 8 (NASDAQ: HUT), favoring companies that are actively diversifying into AI and computing power. ******* yst Chris Brendler noted that while pure-play Bitcoin mining remains under pressure due to “stubbornly high network competition,” the impact
15 days ago
Strive, a Nasdaq-listed firm and the 14th-largest public holder of Bitcoin, is pushing back against MSCI’s plan to remove companies with significant digital-asset exposure from its global indexes.
Key Takeaways:
Strive says MSCI’s plan to exclude crypto-heavy firms would shut investors out of key growth sectors.
JPMorgan warns Strategy could face up to $2.8B in losses under the proposal.
Strive argues BTC-focused firms are vital to AI infrastructure and structured finance, making the cutoff unfair.
https://finance.yahoo.com/...
Key Takeaways:
Strive says MSCI’s plan to exclude crypto-heavy firms would shut investors out of key growth sectors.
JPMorgan warns Strategy could face up to $2.8B in losses under the proposal.
Strive argues BTC-focused firms are vital to AI infrastructure and structured finance, making the cutoff unfair.
https://finance.yahoo.com/...
15 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
BlackRock Inc. (NYSE:BLK) is seeing persistent withdrawals from its iShares Bitcoin Trust (NASDAQ:IBIT) as investors pulled more than $2.7 billion over five consecutive weeks.
IBIT is facing its longest run of withdrawals since it began trading in January 2024, Bloomberg reported on Friday.
Bloomberg data shows more than $2.7 billion left the fund over the five weeks through Nov. 28, with another $113 million exiting on Thursday.
The steady pullback follows Bitcoin's (CRYPTO: BTC) deeper co
BlackRock Inc. (NYSE:BLK) is seeing persistent withdrawals from its iShares Bitcoin Trust (NASDAQ:IBIT) as investors pulled more than $2.7 billion over five consecutive weeks.
IBIT is facing its longest run of withdrawals since it began trading in January 2024, Bloomberg reported on Friday.
Bloomberg data shows more than $2.7 billion left the fund over the five weeks through Nov. 28, with another $113 million exiting on Thursday.
The steady pullback follows Bitcoin's (CRYPTO: BTC) deeper co
16 days ago
Strategy Inc (NASDAQ:MSTR) is one of the stocks Jim Cramer recently looked at. Cramer mentioned the stock during the episode and said:
“In this business, nothing’s harder than spotting bottoms… What matters the most here is not Bitcoin itself, but a company called Strategy run by Michael Saylor, a Bitcoin evangelist who’s adopted what I consider to be a Malcolm X style by any means necessary approach to keep Bitcoin higher. He has a huge amount of money on the line because Strategy has transformed itself basically into a Bitcoin accumulation machine fueled by borrowed money.
Pixabay/Public D
“In this business, nothing’s harder than spotting bottoms… What matters the most here is not Bitcoin itself, but a company called Strategy run by Michael Saylor, a Bitcoin evangelist who’s adopted what I consider to be a Malcolm X style by any means necessary approach to keep Bitcoin higher. He has a huge amount of money on the line because Strategy has transformed itself basically into a Bitcoin accumulation machine fueled by borrowed money.
Pixabay/Public D
17 days ago
Bitcoin (BTC) is once again behaving differently from the traditional risk ******* et complex, and the latest divergence may be sending an important signal.
Negative correlation between bitcoin and the Nasdaq 100 has often aligned with market bottoms for bitcoin, and the current setup looks similar to several past turning points.
This is now the fourth time in the past five years that the two ******* ets have moved into negative territory on a 20 day correlation coefficient, which currently sits at -0.43. The pattern also resembles the negative correlation periods seen in summer 2021 and Aug
Negative correlation between bitcoin and the Nasdaq 100 has often aligned with market bottoms for bitcoin, and the current setup looks similar to several past turning points.
This is now the fourth time in the past five years that the two ******* ets have moved into negative territory on a 20 day correlation coefficient, which currently sits at -0.43. The pattern also resembles the negative correlation periods seen in summer 2021 and Aug
17 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Congresswoman Marjorie Taylor Greene (R-Ga.) has been actively buying up shares of a Bitcoin ETF in 2025. A new disclosure shows another purchase, which came during a dip in the price of the leading cryptocurrency.
The congresswoman bought $1,000 to $15,000 in shares of the iShares Bitcoin Trust (NASDAQ:IBIT) on Nov. 21, according to the Benzinga Government Trades page.
The purchase adds to other purchases of the Bitcoin (CRYPTO: BTC) ETF in 2025, which include the following:
Jan 8: $1,000
Congresswoman Marjorie Taylor Greene (R-Ga.) has been actively buying up shares of a Bitcoin ETF in 2025. A new disclosure shows another purchase, which came during a dip in the price of the leading cryptocurrency.
The congresswoman bought $1,000 to $15,000 in shares of the iShares Bitcoin Trust (NASDAQ:IBIT) on Nov. 21, according to the Benzinga Government Trades page.
The purchase adds to other purchases of the Bitcoin (CRYPTO: BTC) ETF in 2025, which include the following:
Jan 8: $1,000
17 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Bitcoin (CRYPTO: BTC) gained fresh attention on Wednesday after Strategy executive chairman (NASDAQ: MSTR) Michael Saylor said the **** et now consumes more power than the U.S. Navy and the combined infrastructure of Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL).
Speaking at Binance Blockchain Week, Saylor said Bitcoin's rise from speculative instrument to "digital capital" accelerated once President Donald Trump positioned himself as the "Bitcoin president" and appointed crypto-friendly
Bitcoin (CRYPTO: BTC) gained fresh attention on Wednesday after Strategy executive chairman (NASDAQ: MSTR) Michael Saylor said the **** et now consumes more power than the U.S. Navy and the combined infrastructure of Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL).
Speaking at Binance Blockchain Week, Saylor said Bitcoin's rise from speculative instrument to "digital capital" accelerated once President Donald Trump positioned himself as the "Bitcoin president" and appointed crypto-friendly
20 days ago
US stocks slid on Monday, while bitcoin's (BTC-USD) slump deepened as Wall Street's strong late-November rebound took a rockier turn to begin December.
The Nasdaq Composite (^IXIC) dropped 0.4%, while the S&P 500 (^GSPC) fell around 0.5%. The Dow Jones Industrial Average (^DJI) slid around 0.9%, or over 400 points, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday.
Some of Wall Street's biggest names bucked the negative trend. AI chip heavyweight Nvidia (NVDA) fell at the open before reversing course and ultimately gaining over 1%. Apple (AAPL) stock ros
The Nasdaq Composite (^IXIC) dropped 0.4%, while the S&P 500 (^GSPC) fell around 0.5%. The Dow Jones Industrial Average (^DJI) slid around 0.9%, or over 400 points, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday.
Some of Wall Street's biggest names bucked the negative trend. AI chip heavyweight Nvidia (NVDA) fell at the open before reversing course and ultimately gaining over 1%. Apple (AAPL) stock ros
20 days ago
US stocks sank on Monday while bitcoin's (BTC-USD) slump deepened, as Wall Street's strong late-November rebound looked set to hit a speed **** p on the first trading day of December.
Tech led the retreat, with the Nasdaq Composite (^IXIC) down around 1% and the S&P 500 (^GSPC) dropping roughly 0.7%. The Dow Jones Industrial Average (^DJI) slid around 0.6%, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday.
All the "Magnificent Seven" megacap stocks except Amazon (AMZN) pulled back, led by falls of around 1% for Nvidia (NVDA), Meta (META), and Tesla (TSL
Tech led the retreat, with the Nasdaq Composite (^IXIC) down around 1% and the S&P 500 (^GSPC) dropping roughly 0.7%. The Dow Jones Industrial Average (^DJI) slid around 0.6%, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday.
All the "Magnificent Seven" megacap stocks except Amazon (AMZN) pulled back, led by falls of around 1% for Nvidia (NVDA), Meta (META), and Tesla (TSL
21 days ago
The so-called Costco Effect is a phenomenon that boosts the wages of local economies as companies aim to compete with Costco's (NASDAQ:COST) wages, as defined by the "Micro" YouTube channel.
"Surrounding businesses raise wages up to 40% more," the video said.
Costco's ability to help local businesses is shocking when you compare it to Walmart (NYSE:WMT). While "Micro" discusses the Costco Effect, it also touches upon the Walmart Effect, which demonstrates how a big box retailer can destroy a local economy.
Don't Miss:
Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' —
"Surrounding businesses raise wages up to 40% more," the video said.
Costco's ability to help local businesses is shocking when you compare it to Walmart (NYSE:WMT). While "Micro" discusses the Costco Effect, it also touches upon the Walmart Effect, which demonstrates how a big box retailer can destroy a local economy.
Don't Miss:
Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' —
21 days ago
The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have all surged to multiple record-closing highs in 2025.
We appear to be witnessing a clear bifurcation between the health of the U.S. economy and the stock market.
Historical precedent tends to favor optimistic, long-term-minded investors.
10 stocks we like better than S&P 500 Index ›
Despite a ******* py beginning to April, 2025 has shaped up as another banner year for Wall Street's major stock indexes. The benchmark S&P 500 (SNPINDEX: ^GSPC), growth stock-dominated Nasdaq Composite (NASDAQINDEX: ^IXIC), and ageless Dow Jon
We appear to be witnessing a clear bifurcation between the health of the U.S. economy and the stock market.
Historical precedent tends to favor optimistic, long-term-minded investors.
10 stocks we like better than S&P 500 Index ›
Despite a ******* py beginning to April, 2025 has shaped up as another banner year for Wall Street's major stock indexes. The benchmark S&P 500 (SNPINDEX: ^GSPC), growth stock-dominated Nasdaq Composite (NASDAQINDEX: ^IXIC), and ageless Dow Jon
21 days ago
The final month of the year gets underway on Monday, and investors will be looking for a smoother month to round out the year after choppy November trading saw the Nasdaq Composite (^IXIC) snap a seven-month winning streak while the S&P 500 (^GSPC) moved back to within 1% of a record high.
On Friday, markets ended the week by notching a fifth straight session of gains to close out the up-and-down month in a holiday-shortened trading session. And despite snapping its monthly winning streak, the Nasdaq is also within 3% of a record. The Dow is less than 2% off its record close.
And while the f
On Friday, markets ended the week by notching a fifth straight session of gains to close out the up-and-down month in a holiday-shortened trading session. And despite snapping its monthly winning streak, the Nasdaq is also within 3% of a record. The Dow is less than 2% off its record close.
And while the f
21 days ago
US stocks rose during a holiday-shortened trading day on Friday as a volatile month drew to a close and the Nasdaq Composite (^IXIC) snapped a seven-month win streak.
The tech-heavy Nasdaq Composite (^IXIC) and blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6%. The generalist S&P 500 (^GSPC) rose by 0.5%, marking the fifth straight day of gains for the major indexes.
Stocks rebounded sharply this week as traders ramped up bets that the Federal Reserve will cut interest rates at its meeting in December, less than two weeks away. Renewed f
The tech-heavy Nasdaq Composite (^IXIC) and blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6%. The generalist S&P 500 (^GSPC) rose by 0.5%, marking the fifth straight day of gains for the major indexes.
Stocks rebounded sharply this week as traders ramped up bets that the Federal Reserve will cut interest rates at its meeting in December, less than two weeks away. Renewed f
21 days ago
US stocks rose during a holiday-shortened trading day on Friday as a volatile month drew to a close and the Nasdaq Composite (^IXIC) snapped a seven-month win streak.
The tech-heavy Nasdaq Composite (^IXIC) and blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6%. The generalist S&P 500 (^GSPC) rose by 0.5%, marking the fifth straight day of gains for the major indexes.
Stocks rebounded sharply this week as traders ramped up bets that the Federal Reserve will cut interest rates at its meeting in December, less than two weeks away. Renewed f
The tech-heavy Nasdaq Composite (^IXIC) and blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6%. The generalist S&P 500 (^GSPC) rose by 0.5%, marking the fifth straight day of gains for the major indexes.
Stocks rebounded sharply this week as traders ramped up bets that the Federal Reserve will cut interest rates at its meeting in December, less than two weeks away. Renewed f
25 days ago
US stocks moved higher on Wednesday, notching their best four-day streak since May heading into the Thanksgiving holiday as Wall Street optimism grew over the odds of an interest-rate cut next month.
The Dow Jones Industrial Average (^DJI) rose 0.7%, over 300 points, while the S&P 500 (^GSPC) also moved up 0.7%. The tech-heavy Nasdaq Composite (^IXIC) added nearly 0.8%, following Tuesday's sharp gains.
Tech names have again helped to buoy the market. Alphabet (GOOG) shares slipped from record highs while Nvidia (NVDA) popped more than 1%, with both tech names reversing course from the previo
The Dow Jones Industrial Average (^DJI) rose 0.7%, over 300 points, while the S&P 500 (^GSPC) also moved up 0.7%. The tech-heavy Nasdaq Composite (^IXIC) added nearly 0.8%, following Tuesday's sharp gains.
Tech names have again helped to buoy the market. Alphabet (GOOG) shares slipped from record highs while Nvidia (NVDA) popped more than 1%, with both tech names reversing course from the previo
25 days ago
US stocks moved higher on Wednesday, notching their best four-day streak since May heading into the Thanksgiving holiday as Wall Street optimism grew over the odds of an interest-rate cut next month.
The Dow Jones Industrial Average (^DJI) rose 0.7%, over 300 points, while the S&P 500 (^GSPC) also moved up 0.7%. The tech-heavy Nasdaq Composite (^IXIC) added nearly 0.8%, following Tuesday's sharp gains.
Tech names have again helped to buoy the market. Alphabet (GOOG) shares slipped from record highs while Nvidia (NVDA) popped more than 1%, with both tech names reversing course from the previo
The Dow Jones Industrial Average (^DJI) rose 0.7%, over 300 points, while the S&P 500 (^GSPC) also moved up 0.7%. The tech-heavy Nasdaq Composite (^IXIC) added nearly 0.8%, following Tuesday's sharp gains.
Tech names have again helped to buoy the market. Alphabet (GOOG) shares slipped from record highs while Nvidia (NVDA) popped more than 1%, with both tech names reversing course from the previo
25 days ago
Bitcoin (BTC-USD) rose above $90,000 on Wednesday, but some strategists warned the price action isn't necessarily a sign of meaningful V-shaped recovery despite a risk-on mood in the stock market.
While the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) aimed at a fourth straight day of gains amid increasing investor bets on a Federal Reserve rate cut in December, the world’s largest cryptocurrency appeared to steadily increasing after hitting an $81,000 last Friday, its lowest level since April.
“Bitcoin and the Nasdaq Composite are normally highly correlated, but that correlation has broken
While the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) aimed at a fourth straight day of gains amid increasing investor bets on a Federal Reserve rate cut in December, the world’s largest cryptocurrency appeared to steadily increasing after hitting an $81,000 last Friday, its lowest level since April.
“Bitcoin and the Nasdaq Composite are normally highly correlated, but that correlation has broken
25 days ago
US stocks moved higher on Wednesday, looking to add to a run of wins on the last day of trading before Thanksgiving as Wall Street stays upbeat on an interest-rate cut next month.
The Dow Jones Industrial Average (^DJI) rose 0.8%, while the S&P 500 (^GSPC) also moved up 0.8%. The tech-heavy Nasdaq Composite (^IXIC) added almost 1%, following Tuesday's sharp gains that were led by a 660-point jump in the Dow.
Stocks are gearing up for their fourth straight advance after tech names helped buoy the broader market to begin the week. Shares in Alphabet (GOOG) ended Tuesday at a fresh record high
The Dow Jones Industrial Average (^DJI) rose 0.8%, while the S&P 500 (^GSPC) also moved up 0.8%. The tech-heavy Nasdaq Composite (^IXIC) added almost 1%, following Tuesday's sharp gains that were led by a 660-point jump in the Dow.
Stocks are gearing up for their fourth straight advance after tech names helped buoy the broader market to begin the week. Shares in Alphabet (GOOG) ended Tuesday at a fresh record high
26 days ago
US stocks ended sharply higher Tuesday, building on a broad rebound fueled by growing optimism that the Federal Reserve will deliver a rate cut next month, while tech heavyweights Alphabet (GOOG, GOOGL) and Apple (AAPL) posted record highs.
The Dow Jones Industrial Average (^DJI) jumped more than 1.4%, or over 600 points, while the S&P 500 (^GSPC) rose 0.9%. The tech-heavy Nasdaq Composite (^IXIC) shook off an early slide to trade around 0.7% higher, after Monday’s session delivered a strong start to the holiday-shortened trading week.
Stocks have built on the momentum that saw the Nasdaq su
The Dow Jones Industrial Average (^DJI) jumped more than 1.4%, or over 600 points, while the S&P 500 (^GSPC) rose 0.9%. The tech-heavy Nasdaq Composite (^IXIC) shook off an early slide to trade around 0.7% higher, after Monday’s session delivered a strong start to the holiday-shortened trading week.
Stocks have built on the momentum that saw the Nasdaq su
26 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Eric Trump, co-founder of American Bitcoin Corp. (NASDAQ:ABTC), gave a virtual tour of the company’s Bitcoin (CRYPTO: BTC) mining facility in Texas on Monday,
In a video posted on X, Trump showed around the facility, which uses “American energy” on “American soil” to mine the world’s largest cryptocurrency.
“Every single day we mine about 2% of the world’s bitcoin supply,” Trump stated. “We safeguard it every single day.”
Don’t Miss: If there was a new fund backed by Jeff Bezos offering a 7
Eric Trump, co-founder of American Bitcoin Corp. (NASDAQ:ABTC), gave a virtual tour of the company’s Bitcoin (CRYPTO: BTC) mining facility in Texas on Monday,
In a video posted on X, Trump showed around the facility, which uses “American energy” on “American soil” to mine the world’s largest cryptocurrency.
“Every single day we mine about 2% of the world’s bitcoin supply,” Trump stated. “We safeguard it every single day.”
Don’t Miss: If there was a new fund backed by Jeff Bezos offering a 7
26 days ago
US stocks wobbled Tuesday, struggling to build on a broad tech-led rebound fueled by growing optimism that the Federal Reserve will deliver a rate cut next month as delayed economic data provided glimpses into consumer spending and price pressures.
The Dow Jones Industrial Average (^DJI) ticked 0.5% higher, while the S&P 500 (^GSPC) was roughly flat. The tech-heavy Nasdaq Composite (^IXIC) dropped nearly 0.5%, after Monday’s session delivered a strong start to the holiday-shortened trading week.
Stocks are looking to keep up the momentum that saw the Nasdaq Composite (^IXIC) surge in its bes
The Dow Jones Industrial Average (^DJI) ticked 0.5% higher, while the S&P 500 (^GSPC) was roughly flat. The tech-heavy Nasdaq Composite (^IXIC) dropped nearly 0.5%, after Monday’s session delivered a strong start to the holiday-shortened trading week.
Stocks are looking to keep up the momentum that saw the Nasdaq Composite (^IXIC) surge in its bes
27 days ago
US stocks surged on Monday to start the shortened Thanksgiving trading week as US policymakers buoyed hopes for an interest-rate cut in December and AI optimism fueled the tech trade.
The tech-heavy Nasdaq Composite (^IXIC) was up almost 2.7%, its biggest daily jump since May. The S&P 500 (^GSPC) advanced more than 1.5%, as Wall Street stocks started to extend Friday's bounce. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, put on nearly 0.5%.
Stocks notched another recovery from the pullback that has cooled this year’s AI-driven market rally. ***** ysts have sugge
The tech-heavy Nasdaq Composite (^IXIC) was up almost 2.7%, its biggest daily jump since May. The S&P 500 (^GSPC) advanced more than 1.5%, as Wall Street stocks started to extend Friday's bounce. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, put on nearly 0.5%.
Stocks notched another recovery from the pullback that has cooled this year’s AI-driven market rally. ***** ysts have sugge
27 days ago
US stocks surged on Monday to start the shortened Thanksgiving trading week as US policymakers buoyed hopes for an interest-rate cut in December and AI optimism fueled the tech trade.
The tech-heavy Nasdaq Composite (^IXIC) was up almost 2.7%, its biggest daily jump since May. The S&P 500 (^GSPC) advanced more than 1.5%, as Wall Street stocks started to extend Friday's bounce. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, put on nearly 0.5%.
Stocks notched another recovery from the pullback that has cooled this year’s AI-driven market rally. ****** ysts have sugg
The tech-heavy Nasdaq Composite (^IXIC) was up almost 2.7%, its biggest daily jump since May. The S&P 500 (^GSPC) advanced more than 1.5%, as Wall Street stocks started to extend Friday's bounce. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, put on nearly 0.5%.
Stocks notched another recovery from the pullback that has cooled this year’s AI-driven market rally. ****** ysts have sugg
27 days ago
US stocks surged on Monday, heading toward a rebound to start the shortened Thanksgiving trading week as US policymakers buoyed hopes for an interest-rate cut in December.
The tech-heavy Nasdaq Composite (^IXIC) was up over 2%, and the S&P 500 (^GSPC) advanced more than 1.3%, as Wall Street stocks started to extend Friday's bounce. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, put on 0.4%.
Stocks are aiming for further recovery from the pullback that has cooled this year’s AI-driven market rally. **** ysts have suggested the end is near for a retreat that has dri
The tech-heavy Nasdaq Composite (^IXIC) was up over 2%, and the S&P 500 (^GSPC) advanced more than 1.3%, as Wall Street stocks started to extend Friday's bounce. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, put on 0.4%.
Stocks are aiming for further recovery from the pullback that has cooled this year’s AI-driven market rally. **** ysts have suggested the end is near for a retreat that has dri
27 days ago
As November wraps up, a holiday-shortened week of trading, courtesy of Thanksgiving Day and Black Friday, will greet investors who continue to wrestle with the fallout from Nvidia's (NVDA) blockbuster earnings report alongside flagging confidence in the overall AI-driven market.
On Friday, markets capped a roller-coaster week with daily gains but weekly losses, as the tech-heavy Nasdaq Composite (^IXIC) fell over 2% while the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) fell about 1.5% for the week.
A strong September jobs report, strong earnings from Nvidia, and a positive th
On Friday, markets capped a roller-coaster week with daily gains but weekly losses, as the tech-heavy Nasdaq Composite (^IXIC) fell over 2% while the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) fell about 1.5% for the week.
A strong September jobs report, strong earnings from Nvidia, and a positive th
29 days ago
MARA Holdings Inc. (NASDAQ:MARA) is one of the best cryptocurrency stocks to buy for the long term. On November 17, Bernstein maintained a Hold rating on MARA Holdings Inc. (NASDAQ:MARA) with a $23 price target.
Earlier on November 4, MARA Holdings Inc. delivered solid third-quarter results, characterized by a 92% year-over-year increase in revenue to $252 million. The robust revenue growth came on the company’s bitcoin holdings surging 98% to 52,850 from 26,747 at the end of the third quarter of 2024.
Amid the robust revenue growth, the company bounced back to profitability, delivering a ne
Earlier on November 4, MARA Holdings Inc. delivered solid third-quarter results, characterized by a 92% year-over-year increase in revenue to $252 million. The robust revenue growth came on the company’s bitcoin holdings surging 98% to 52,850 from 26,747 at the end of the third quarter of 2024.
Amid the robust revenue growth, the company bounced back to profitability, delivering a ne
29 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Economist Peter Schiff slammed Strategy Inc.’s (NASDAQ:MSTR) Bitcoin (CRYPTO: BTC) investment approach on Thursday, arguing that the company would have been better placed had it chosen any other ***** et.
In an X post, Schiff pointed out that despite spending over $48 billion on Bitcoin in the past five years, the company’s total paper profits are less than 17%.
Schiff also took a swipe at Strategy co-founder Michael Saylor, stating, “Had Saylor bought just about any other ***** et, MSTR wou
Economist Peter Schiff slammed Strategy Inc.’s (NASDAQ:MSTR) Bitcoin (CRYPTO: BTC) investment approach on Thursday, arguing that the company would have been better placed had it chosen any other ***** et.
In an X post, Schiff pointed out that despite spending over $48 billion on Bitcoin in the past five years, the company’s total paper profits are less than 17%.
Schiff also took a swipe at Strategy co-founder Michael Saylor, stating, “Had Saylor bought just about any other ***** et, MSTR wou
30 days ago
Strategy stock is falling due to the falling price of Bitcoin.
The stock's gap between its market cap and underlying cryptocurrency investments has closed.
Investors should invest directly in Bitcoin instead of buying Strategy stock to make their lives easier.
10 stocks we like better than Strategy ›
Shares of Strategy (NASDAQ: MSTR) -- formerly MicroStrategy -- tumbled 14.4% this week, according to data from S&P Global Market Intelligence. The largest known investor in Bitcoin fell along with the price of the cryptocurrency, which briefly slipped to around $80,000 before recovering to $85
The stock's gap between its market cap and underlying cryptocurrency investments has closed.
Investors should invest directly in Bitcoin instead of buying Strategy stock to make their lives easier.
10 stocks we like better than Strategy ›
Shares of Strategy (NASDAQ: MSTR) -- formerly MicroStrategy -- tumbled 14.4% this week, according to data from S&P Global Market Intelligence. The largest known investor in Bitcoin fell along with the price of the cryptocurrency, which briefly slipped to around $80,000 before recovering to $85
30 days ago
Despite institutional adoption, ETF approvals, and renewed regulatory clarity, Bitcoin (BTC) has dropped more than 25% from its peak, wiping over $1 trillion from the broader crypto market.
A recent Economist feature highlighting “crypto fragilities” has sparked debate among ******* ysts over whether this marks a structural weakness or a cyclical bottom.
However, Coinbase's (Nasdaq: COIN) head of institutional research David Duong thinks Bitcoin’s recent underperformance actually reinforces its long-term diversification role despite what The Economist wrote.
TheStreet Roundtable host Scott
A recent Economist feature highlighting “crypto fragilities” has sparked debate among ******* ysts over whether this marks a structural weakness or a cyclical bottom.
However, Coinbase's (Nasdaq: COIN) head of institutional research David Duong thinks Bitcoin’s recent underperformance actually reinforces its long-term diversification role despite what The Economist wrote.
TheStreet Roundtable host Scott
30 days ago
US stocks climbed on Friday to close a turbulent session in the green amid rising optimism for a December interest rate cut, while bitcoin (BTC-USD) kept tumbling amid a brutal stretch for cryptocurrencies.
The tech-heavy Nasdaq Composite (^IXIC) and benchmark S&P 500 (^GSPC) closed the day up right around 0.9% and 1%, respectively, after seesawing back and forth early in the session. The Dow Jones Industrial Average (^DJI) gained around 1.1%, or just shy of 500 points.
US equities perked up early Friday after the New York Fed president John Williams said he sees room for a cut in the "near
The tech-heavy Nasdaq Composite (^IXIC) and benchmark S&P 500 (^GSPC) closed the day up right around 0.9% and 1%, respectively, after seesawing back and forth early in the session. The Dow Jones Industrial Average (^DJI) gained around 1.1%, or just shy of 500 points.
US equities perked up early Friday after the New York Fed president John Williams said he sees room for a cut in the "near
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