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☆ Bitcoin could still hit over $100,000: Inside Edge Capital's Todd Gordon
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin could still hit over $100,000: Inside Edge Capital's Todd GordonHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Capital's Todd Gordon, Brian Sullivan, “ Organizations: CNBC

☆ Stock market today: Dow closes at a record as market bets on Trump after assassination attempt
▼ + stars: | 2024-07-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The stock market surge follows a failed assassination attempt on former President Donald Trump over the weekend. Investors bet that the tragic attempt on Trump's life will help hand him to the Presidency once again in November. The gains came two days after the failed assassination attempt of former President Donald Trump at a campaign rally in Butler, Pennsylvania. Investors laid bets that the attempt on Trump's life would help put him in the White House in 2025. Bitcoin also jumped 9% since the assassination attempt.

Persons: Dow Jones, Donald Trump, —, Bitcoin, Trump, bitcoin, Paul Hickey Organizations: Service, Dow Jones, House, Trump Media & Technology Group, Conference, CNBC, Trump, Trump Presidency, Treasury, Here's Locations: Butler , Pennsylvania, Nashville , Tennessee

☆ Bitcoin jumps as markets see increased odds of election victory for pro-crypto Trump
▼ + stars: | 2024-07-15 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election. The value of the world's biggest cryptocurrency, bitcoin, was up around 5% at 1:40 p.m. London time, to $62,781.48, according to CoinGecko. The rally follows the dramatic failed assassination attempt on former President Trump on Saturday. Investors said over the weekend they expected so-called "Trump victory trades" to receive a boost. The Trump campaign began accepting donations from the crypto industry in May and his messaging has become increasingly positive on the future of such digital assets.

Persons: Bitcoin, Donald Trump, Trump, Reagan, Ben Emons, Trump's favorability, Zach Pandl, Sen, Elizabeth Warren Organizations: U.S, FedWatch Advisors, Investors, Trump, CNBC, Republican Locations: London

☆ Stocks making the biggest moves premarket: Trump Media & Technology, Apple, Super Micro Computer and more
▼ + stars: | 2024-07-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Goldman Sachs — Shares slipped less than 1% after the bank posted a second-quarter earnings beat . Crypto stocks — Shares of bitcoin miners and cryptocurrency stocks rose as bitcoin and Ethereum popped more than 4%. Tesla — The electric vehicle stock rose 4%, building on a more than 25% gain so far this month. BlackRock — Shares rose 1.2%. The world's largest asset manager posted second-quarter adjusted earnings per share of $10.36, exceeding the LSEG consensus estimate of $9.93.

Persons: Donald Trump, Goldman Sachs, Goldman, LSEG, Coinbase, Tesla, AutoNation, Morgan Stanley, Baxter, — CNBC's Lisa Han, Hakyung Kim, Sarah Min, Jesse Pound, Pia Singh Organizations: Trump Media & Technology, Trump, Apple, Bloomberg News, Micro Computer, Walgreens, Alliance, Marathon, Technologies, Sunnova Energy, Energy, Stelco Holdings, CDK, Baxter Locations: India, Cleveland, BlackRock

☆ Bitcoin surges after assassination attempt as investors bet on Trump returning to power
▼ + stars: | 2024-07-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Bitcoin is rising, with prices hitting a two-week high on Monday. Investors are likely betting that Trump will win the election after he survived an assassination attempt. Once a Bitcoin skeptic, Trump now says he's a crypto fan as he looks to woo undecided voters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBitcoin surged after former president Donald Trump survived an assassination attempt on Saturday.

Persons: Trump, —, Bitcoin, Donald Trump Organizations: Investors, Trump, Service, Business Locations: Pennsylvania

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse fails to override veto of SEC crypto guidance, and probe into Stacks ends: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bill Barhydt, founder and CEO of Abra, a global platform for digital asset prime services and wealth management, weighs in on why the price of bitcoin has been stuck below $60,000.

Persons: explainers, Bill Barhydt Organizations: Email, SEC, CNBC Crypto, CNBC Locations: Abra

☆ Bitcoin could be heading for a 'summer of 2021 style' correction between record highs, data shows
▼ + stars: | 2024-07-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin is not expected to retest its record until later this year, but data shows this correction could get uglier before a recovery begins — similar to how the cryptocurrency fared between two all-time highs in 2021. A bitcoin valuation indicator, CryptoQuant's Bitcoin Profit and Loss Index, is currently hovering around its own 365-day moving average. "Bitcoin is at a level where a local bottom can form or a major 'summer of 2021' style correction can occur," said Julio Moreno, CryptoQuant's head of research. "Prices have typically bottomed out when traders' margins touch extremely negative levels as seen currently." Bitcoin is currently retesting key support at $57,000 for a third day after sliding below that level last week.

Persons: Bitcoin, Julio Moreno, CryptoQuant's, Moreno Organizations: Traders

☆ Rich people can buy their way into Hong Kong residency, and the majority of applicants come from 2 tiny countries
▼ + stars: | 2024-07-11 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Read previewHong Kong's latest sales pitch involves a cash-for-residency program targeted at wealthy investors — and most of them come from just two countries. It builds on prior investment-for-residency programs offered in the last two decades, which aim to capture foreign capital and talent to boost Hong Kong's economy. Permanent residency instead marks a stepping stone to Hong Kong's residency scheme, which prohibits mainland Chinese residents. The posts, which have been viewed over 600,000 times, highlight that the passports qualify for Hong Kong's residency program. The West African nation's citizens currently make up the highest proportion of applicants for Hong Kong's New Capital Investment Entrant Scheme — 139 out of 333 applicants, per government data.

Persons: —, Hayyam Garipoglu, multimillionaire Andrew Spira, Kong's Organizations: Service, Hong, Investors, Business, Reuters, Guardian, Africyrpt, European Union, Vanuatu, Australian Broadcasting Corporation, Hong Kong's New Capital, Henley, Partners, Bloomberg Locations: Hong Kong, Vanuatu, Guinea, Bissau, Hong, Pacific, bitcoin, Turkey, Australia, West

☆ How did the auto dealer outage end? CDK almost certainly paid a $25 million ransom
▼ + stars: | 2024-07-11 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

Pinpointing exactly who sends a cryptocurrency payment can be complicated by the relative anonymity that some crypto services offer. The ransom payment of $25 million hasn’t been previously reported. A $25 million ransom payment is certainly large but not unheard of in the lucrative ransomware economy. UnitedHealth Group, the health care conglomerate whose subsidiary suffered a ransomware attack in February that hobbled pharmacies across the US, paid a $22 million ransom to a different criminal group. But the average ransom payment in the fourth quarter of 2023 was significantly lower: $568,705, according to cybersecurity firm Coveware.

Persons: —, Chris Janczewski, CDK, Janczewski, Lisa Finney, Finney, Brian MacDonald, ” CDK, ”, Jon DiMaggio, Analyst1, ” DiMaggio Organizations: CNN, CDK, TRM Labs, Bloomberg, CBS, US Department of Health, Human Services, UnitedHealth Locations: North America, Chainalysis

☆ MicroStrategy sets 10-for-1 stock split four months after bitcoin peak
▼ + stars: | 2024-07-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The company said the shares will be split into class A common stock and class B common stock "to make MicroStrategy's stock more accessible to investors and employees." The stock will begin trading on a post-split basis Aug. 8. This February, the company said it would shift its company focus and brand to bitcoin development. Bernstein recently said MicroStrategy is "building the world's largest bitcoin company" and has about 80% upside. MicroStrategy stock is up 106% this year, compared to bitcoin's 38% gain; and 216% in the past 12 months, compared to bitcoin's 91% advance.

Persons: MicroStrategy, Bernstein

☆ Stocks making the biggest moves premarket: Delta Air Lines, Costco Wholesale, Pfizer and more
▼ + stars: | 2024-07-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Delta Air Lines — Shares tumbled 9% after the airline issued a lower-than-expected sales growth forecast in the current quarter. Net income also fell 30% in the second quarter despite revenue reaching record highs. Costco Wholesale — Costco shares added nearly 3% after the wholesale club raised its membership fee for the first time since 2017 . Alcoa — The aluminum producer's shares rose 2.7% after releasing preliminary second-quarter results that came in stronger than expectations. MicroStrategy – MicroStrategy shares rose more than 4% after the bitcoin development company announced a 10-for-1 stock split .

Persons: Morgan Stanley, Jefferies, MicroStrategy, —, Jesse Pound, Tanaya Macheel, Michelle Fox, Alex Harring, Hakyung Kim, Sarah Min Organizations: Delta Air Lines, Costco Wholesale, Costco, Pfizer, PepsiCo —, Pepsi, Semiconductor, Darden, Jefferies, Alcoa, FactSet, FactSet . Revenue, Spotify Locations: U.S, Canada, FactSet .

☆ Stocks making the biggest moves midday: Delta Air Lines, SoundHound AI, WD-40, Tesla and more
▼ + stars: | 2024-07-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago. Shares of major airline stocks American Airlines and United Airlines also fell around 4.7% and 3.7%, respectively, following the results. WD-40 reported total net sales of $155 million in the fiscal third quarter, up 9% from the year-ago period. Semiconductor names — Investors took a few chips off the table on Thursday, selling high-flying semiconductor stocks.

Persons: QuantumScape, Conagra, Lantheus, Tesla, Horton, —, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Tanaya Macheel, Darla Mercado Organizations: Delta Air Lines, American Airlines and United Airlines, Costco, Peugeot, Opel, Vauxhall, Lantheus Holdings, Medicare, Services, PepsiCo, Revenue, Bloomberg News, Bloomberg, Industries, Builders, Semiconductor, —, VanEck Semiconductor, Nvidia Locations: U.S, Canada, Europe

☆ Why June CPI is going to be a big moment for stock market bulls, according to Fundstrat's Tom Lee
▼ + stars: | 2024-07-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The June CPI report will show a continued drop in inflation, according to Fundstrat's Tom Lee. Lee expects a soft June CPI report will push the Fed to cut rates more than two times this year. "It's going to be a week of reckoning, and I mean a reckoning of how people view inflation and the state of the economy." Lee is also bullish on small-cap stocks, which have badly lagged the broader stock market rally so far this year. AdvertisementJPMorgan's trading desk also expects a light June CPI report will boost stock prices.

Persons: Tom Lee, Lee, —, it's, What's, JPMorgan's Andrew Tyler Organizations: Service, Federal Reserve, CPI

☆ The only catalyst we need for bitcoin is time, says Anthony Pompliano
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe only catalyst we need for bitcoin is time, says Anthony PomplianoAnthony Pompliano, Professional Capital Management CEO, joins 'Squawk Box' to discuss bitcoin's recent volatile run, impact of the 2024 election on the cryptocurrency, price outlook, and more.

Persons: Anthony Pompliano Anthony Pompliano Organizations: Professional Capital Management

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Netflix, Meta, Tesla, Eli Lilly, Walmart, Microsoft, Oracle & more
▼ + stars: | 2024-07-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

TD Cowen reiterates Meta as buy TD Cowen raised its price target on Meta to $600 per share from $530. Bank of America downgrades Visa & Mastercard to neutral from buy Bank of America said it sees "limited upside" for the payment stocks. Bank of America downgrades WK Kellogg to underperform from neutral Bank of America said it sees weakening industry trends for WK Kellogg. "We're initiating coverage of Bausch + Lomb (BLCO) with an Outperform rating and $19 price target." Bank of America initiates Composecure as buy Bank of America said it's bullish on shares of the metal payment card manufacturer.

Persons: Bernstein, Iris, it's bullish, Argus, Teva, Piper Sandler downgrades, Piper, Jefferies, Redburn, Goldman Sachs, Tesla, Goldman, Eli Lilly, Morgan Stanley, Needham, BTIG, it's, TD Cowen, Meta, WK Kellogg, Cobra Kai, Truist, Nomura, Raymond James, Bausch Organizations: Iris Energy, Walmart, Fox Robotics, Spotify, Oracle, Barclays, Microsoft, Citi, Quest, Bank of America, MKS, Southwest Citi, Southwest Airlines, Amazon, YouTube, Meta, " Bank of America, Visa, Mastercard, of America, SNAP, Netflix, Apple, Nvidia Locations: Mounjaro, Alaska, Southwest, underperform

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin hovers at $57,000 as Fed Chair Powell continues testimony on Capitol Hill: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rennick Palley, founding partner of Stratos, breaks down how current prices and regulatory action is affecting crypto VC trends.

Persons: Powell, explainers, Rennick Palley, Stratos Organizations: Capitol Hill, CNBC Crypto, CNBC

☆ Ethereum ETF countdown: Bitwise CIO sees 'birth of a new asset class'
▼ + stars: | 2024-07-10 | by ( Ellie Stevens | ) www.cnbc.com time to read: +1 min

Spot ether ETFs could hit the market as soon as this week, pending U.S. Securities and Exchange Commission approval, and Bitwise Asset Management's Matthew Hougan plans to get in on the action. Hougan's firm is applying for spot ether ETFs. Hougan is referring to the first spot bitcoin ETFs that launched in January. Spot bitcoin ETFs have attracted about $15 billion since their launch and currently hold two of the top ETF inflows this year, according to FactSet. Hougan views bitcoin's recent success as unprecedented and sees it as a bullish indicator for spot ether ETFs.

Persons: Matthew Hougan, CNBC's, Hougan Organizations: U.S . Securities, Exchange Commission

☆ 3 reasons why bitcoin could soar to $100,000 this year, according to Anthony Scaramucci
▼ + stars: | 2024-07-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Bitcoin is still on track to see a major rally by the end of the year, Anthony Scaramucci said. Those catalysts include waning selling pressure, crypto repayments, and promising crypto legislation. Around 40%-50% of payouts could end up being reinvested in crypto, Scaramucci estimated, based on the loyalty many "hardcore" early bitcoin investors have. That's one promising sign bitcoin is becoming a more widely accepted storage of value, which is bullish for its long-term trajectory, Scaramucci said. Bitcoin's price has been depressed partly due to temporary selling pressure, Scaramucci said.

Persons: Bitcoin, Anthony Scaramucci, —, Scaramucci, That's Organizations: Service, Skyridge, bitcoin, CNBC, GOP, Intelligence Locations: bitcoin, United States

☆ Bitcoin is holding support and ready to make another run at a record, according to the charts
▼ + stars: | 2024-07-09 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

That pullback has materialized and according to our Elliott Wave analysis of the bitcoin chart, support has possibly been formed in the zone of $59k - $49k. Looking at the 3-chart overlay below you'll find bitcoin, gold, and US 10-year yields since 2020. First is that gold and Bitcoin (blue and orange) have a very close positive correlation. Pulling it all together higher rates have a negative impact on all three; bitcoin, gold, and the stock market, which are all showing a positive relationship in recent months. In summary, being very bullish on the stock market, I would like to see bitcoin and gold move higher along with lower US yields.

Persons: Bitcoin, Elliott, Todd Gordon, Gordon, IBIT Organizations: Tactical Alpha, Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: bitcoin

☆ Stolen crypto doubled to $1.38 billion in the first half of 2024, research firm says
▼ + stars: | 2024-07-09 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Hackers more than doubled their cryptocurrency spoils in the first half of 2024 compared with a year ago, a report from blockchain research firm TRM Labs showed. The report said $1.38 billion worth of crypto was looted between Jan. 1 and June 24, more than twice as much as the $657 million stolen in the same period a year ago. The largest heist so far this year swiped more than $300 million worth of bitcoin from Japanese crypto exchange DMM Bitcoin. TRM Labs said there have not been fundamental changes in the crypto ecosystem's security that could have contributed to the increase in amount stolen. But the firm noted that crypto prices have been higher on average in the first half of this year, which could have contributed to the higher value of stolen crypto.

Organizations: TRM Labs, Labs

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises as Fed Chair Powell outlines risk to keeping rates high too long: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Exodus CEO JP Richardson explains a new innovation the crypto wallet created in an effort to give users control of their wealth.

Persons: Powell, explainers, JP Richardson Organizations: CNBC Crypto, CNBC

☆ CNBC Daily Open: Are markets overly optimistic?
▼ + stars: | 2024-07-09 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. While open to collaboration, Elliott plans to give shareholders a say in leadership changes if the board remains unresponsive. Despite selling $379 million worth of bitcoin in recent weeks, Germany's Federal Criminal Police Office still holds roughly 32,488 bitcoins — worth around $1.9 billion at today's prices.

Persons: Beryl, Elliott, Elliott Management, Bob Jordan, Gary Kelly, Corning, We've, Wendell Weeks, Max Organizations: New York Stock Exchange, CNBC, Nasdaq, Apple, Nvidia, Dow Jones, Treasury, Southwest Airlines, Police, Federal Criminal Police, Boeing, Wall Locations: New York City, U.S, Saxony, Texas

☆ CNBC Daily Open: Are markets too optimistic?
▼ + stars: | 2024-07-09 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. While open to collaboration, Elliott plans to give shareholders a say in leadership changes if the board remains unresponsive. Despite selling $379 million worth of bitcoin in recent weeks, Germany's Federal Criminal Police Office still holds roughly 32,488 bitcoins — worth around $1.9 billion at today's prices. Japan stocks hit record highJapan's export-heavy Nikkei 225 as well as the broader Topix hit record highs amid a broader rise in Asia-Pacific markets.

Persons: Beryl, Elliott, Elliott Management, Bob Jordan, Gary Kelly, Corning, We've, Wendell Weeks Organizations: New York Stock Exchange, CNBC, Nasdaq, Apple, Nvidia, Dow Jones, Treasury, Southwest Airlines, Police, Federal Criminal Police, National Australia Bank, CSI Locations: New York City, U.S, Saxony, Japan, Asia, Pacific, Al

☆ CNBC Daily Open: French far-right advance blocked
▼ + stars: | 2024-07-08 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advance thwartedFrance's left-wing New Popular Front coalition unexpectedly blocked a far-right advance in the parliamentary run-off vote, securing the largest number of seats but falling short of an absolute majority. Gox bankruptcy estate confirmed that repayments in bitcoin and bitcoin cash had commenced, likely fueling investor concerns of a massive sell-off. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst.

Persons: France's, Jan Hatzius, Goldman Sachs, Bitcoin, Emmanuel Papadakis Organizations: CNBC, Popular Front, Rassemblement, Nasdaq, Dow Jones, Federal Reserve, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Nvidia, Wall Locations: Europe's, U.S, Gox, bitcoin, Novo

☆ Euro eases on French poll gridlock, dollar sluggish after US payrolls
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: +3 min

The euro slipped on Monday after projections from France's election pointed to a hung parliament amid an unexpectedly strong showing for a left-wing alliance, spawning fresh uncertainty over the country's fiscal outlook. The euro slipped on Monday after projections from France's election pointed to a hung parliament amid an unexpectedly strong showing for a left-wing alliance, spawning fresh uncertainty over the country's fiscal outlook. The yen headed for a third day of gains after rebounding from last week's nearly 38-year trough to the dollar. The euro was 0.06% lower at $1.0827, and earlier slid as much as 0.4% as investors weighed the consequences of a hung French parliament. The dollar slipped 0.07% to 160.70 yen, down from as high as 161.96 on Wednesday.

Persons: Sterling, Emmanuel Macron's, Chris Weston, Macron, Weston, bitcoin Organizations: Federal Reserve, Labour, Conservative, New Popular Front, Le, Traders Locations: Gox

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