Nasdaq 100 Rallies To Record Highs, Magnificent 7 Market Cap Tops $17 Trillion, Bitcoin Soars To $100,000: What’s Driving Markets Wednesday?
An inline November inflation report unleashed a surge of bullish momentum across markets on Wednesday. Traders priced in near-certainty of a 25-basis-point rate cut at next week’s Federal Reserve meeting, fueling optimism for a more accommodating monetary policy. The Consumer Price Index rose by 2.7% year-over-year in November, matching...
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‘Dogecoin Is Back’ With A 10% Single-Day Rally: How High Can DOGE Go?
Dogecoin (CRYPTO: DOGE) is making waves again, with a notable 10% rally over the past 24 hours spurring bullish predictions on social media. What Happened: Crypto trader Scofield declared Dogecoin “is back” and stronger than before. $DOGE Is back Stronger than before🚀 pic.twitter.com/99m2ypMu8Y — Scofield (@Crypto_Scofield) December 11, 2024...
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Trump Admin’s Crypto Push Revives Industry Hopes For Banking Access
The cryptocurrency sector is pushing for a reset with the banking industry following years of strained relations and regulatory crackdowns. What Happened: The collapse of key industry players like FTX in 2022 and subsequent bank account closures left many crypto companies and founders struggling to secure financial partnerships. However,...
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Bank Of America Raises Bullish Outlook On US Brokers, Exchanges, Alternative Investments: 3 Top Picks For 2025
Bank of America is bullish on U.S. brokers, asset managers and exchanges heading into 2025, raising price targets across the sector by an average of 14%, citing strong tailwinds from deregulation, rising retail investor engagement and solid U.S. GDP growth projected at 2%-2.5%. In a new report released Wednesday,...
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‘Dogecoin Killer’ Shiba Inu Burns 17 Million SHIB, Traders Predict ‘Parabolic Potential’
‘Dogecoin Killer’ Shiba Inu (CRYPTO: SHIB) is holding firm at a crucial horizontal support level, fueling speculation of significant upside potential. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.000029 $17 billion +15.1% -4.1% Dogecoin (CRYPTO: DOGE) $0.4166 $61.3 billion +10.8% +1% Pepe (CRYPTO: PEPE)...
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‘Consumers Expect Immediate And Efficient Transactions’: Tokenization Gains Momentum
Integrating real-world assets into blockchain systems opens new possibilities in the digital asset space. At the recent Benzinga Future of Digital Assets event, panelists explored the intersection of traditional finance and blockchain, highlighting how tokenization creates opportunities for financial innovation and accessibility. Bridging the Old and New Panelist Robert...
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$SHIRO: Why the Original Might Be the Real Winner
The cryptocurrency world is no stranger to rivalries, and the battle between the two $SHIRO tokens is a prime example of how competition can shape the narrative of a meme token. On one side is @CTOShiroNeko, also known as the “OG Shiro,” which claims to be the first $SHIRO...
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What Does Fair Value Accounting Mean For Bitcoin In Corporate Strategy?
At the Benzinga Future of Digital Assets conference, experts discussed the far-reaching impact of recent and potential regulatory changes on digital asset markets. The conversation centered on how these developments could accelerate institutional adoption, with key insights into the repeal of SAB 121 and the effects of updated accounting...
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Influencers shilling memecoin scams face severe legal consequences
Why Elon Musk gets away with pumping Dogecoin but Kim Kardashian was fined $1.26 million: The laws around shilling crypto on social media....
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Bitcoin’s Next Move: $105,000 Or $85,000? Poll Finds Over 60% Say…
The price of Bitcoin (CRYPTO: BTC) has soared in 2024 thanks to several catalysts including Bitcoin ETFs, more companies acquiring the cryptocurrency and expectations for a more pro-crypto White House administration with Donald Trump winning the 2024 presidential election. As Bitcoin dips below the $100,000 level, Benzinga readers predict...
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