Bitcoin Surges Past $63K Amid Institutional Interest and Political Turmoil
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[1]
Bitcoin, Ethereum, And Dogecoin Rally After A Failed Trump Assassination Attempt, Analysts See $60K As Bitcoin's Next Test; Salesforce Cuts 300 Jobs, Emphasizing Cost Control Amid A Tech Slowdown - Top Headlines Today While US Slept
Crypto 'Ethereum Killer' Solana Could Soar To $174, Says Popular Crypto Analyst After Identifying This Bullish Pattern Bitcoin Could Hit $100K This Year With Trump-JD Vance's Pro-Crypto Presidential Ticket, Says Analyst Bitcoin Weekend Rallies Prove To Be Short-Lived, Analysts Caution: 'Watching Closely...Before Drawing Any Firm Conclusions' Michael Dell Calls Bitcoin 'Fascinating' Amid BlackRock CEO's Bullish Stance -- Tech Billionaire's Crypto Interest Rising? Pepe, dogwifhat, Floki Explode Amid Searing Memecoin Rally -- Dogecoin, Shiba Inu Rise As Well Bitcoin, Ethereum, Dogecoin Extend Rally Triggered By Failed Trump Assassination Attempt: Analyst Calls Pullback To $60K As King Crypto's Next 'Big Test' Ethereum Spot ETFs Likely To Start Trading By July 23 Provided 'No Unforeseeable Last Min Issues' Occur US Politics Teamsters Union Considers Withholding Endorsement For Both Trump And Biden After Supporting Democrats For Decades: Report Peter Thiel's Ties With JD Vance May Influence Palantir Co-Founder's Position On Trump Post VP Selection, Says Tech Investor Jamie Dimon In A Memo To Employees Slams Attack On Trump, Says 'Constructive Dialogue Can Tackle Our Nation's Toughest Challenges' 'First Obvious Error' By Trump After Winning Nomination, Says Anthony Scaramucci As Ex-President Picks JD Vance As Running Mate: Pollster Says 'Not The Pick...To Maximize Chances Of Winning The Presidency' Elon Musk Reacts With 'Fake Gnus' Post To Report Of $45M Monthly Funding For Pro-Trump PAC Trump's Vice Presidential Pick J.D. Vance Holds Bitcoin, Supports Pro-Crypto Legislation Biden Says He's Only 3-Year Older Than Trump: 'I Know I'm Not A Young Guy But ...' AOC Mocks Trump VP Choice J.D. Vance For Tweet Connecting Fertility Rate With Daylight Saving Time US Markets Why Match Group Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket As Trump's Chances Of Presidency Improve, Analysts Say His Return To White House Could Boost These 3 Sectors Dow Jones Jumps Over 200 Points Amid Improving Investor Sentiment: Fear Index Stays In 'Greed' Zone US Economy Market Strategist Breaks Down Bull Case Scenario For Small-Caps, Predicts 40% Jump In Near Term: 'I Think It Is Just Starting' Tech Alibaba's AI Tool Powers Paris Olympics' Carbon-Neutral Efforts: Report Salesforce Slashes 300 Jobs, Emphasizes Cost Control Amid Tech Slowdown: Report Elon Musk's Tesla And xAI Look To Hire Networking Engineers Amid AI Expansion Plans Apple Rolls Out First iOS 18 Public Beta With Home Screen Customization And More: Here's How You Can Get It Now ASML Expected To Beat Estimates With Over $5B In Orders During Q2 Thanks To Rising AI Chip Demand Apple Watch's Redesigned ECG Doesn't Infringe AliveCor Patents, Rules US Customs Nvidia CEO Jensen Huang And Meta's Mark Zuckerberg Set To Discuss Future Of AI And Simulation At SIGGRAPH 2024 Electric Vehicle Baidu-Backed Jiyue To Launch Jiyue 07 Electric Sedan In September; Larger Than Tesla Model 3: Report Hyundai To Introduce Refreshed Ioniq 5 In 2025 To Take On Tesla Model Y And Ford Mustang Mach-E Chinese EV Thrive Despite Tariff Hikes, Foreign Rivals Struggle GM Delays 1M EV Production Target Beyond 2025: 'Market Isn't Developing...We're Going To Be Guided By The Customer,' Says CEO Mary Barra Elon Musk Confirms Delay In Tesla Robotaxi Unveil Due To 'Important Design Change,' But Stays Mum On New Timeline Rental Car Companies Back Away From Hard-To-Resell Electric Vehicles Consumer Former Ford CEO Says GM's Hybrids Will Not Hit Market For 'Another Couple Years:' 'Getting Mass Adoption Is Much Harder' Communication Telecom Giant Verizon Eyes Tower Sell-Off To Monetize Asset Record Labels Sue Verizon For $2.6B Alleging 'Massive Copyright Infringement' Industrial Judge Allots Time For Boeing 737 MAX Crash Victims' Relatives To Object Plea Deal: Report Energy Exxon To Drill Up To 30 Wells In Guyana's Hammerhead Project, Boosting Daily Output: Report Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs
[2]
Bitcoin Surpasses $63K As US Institutional Investors Buy In; Biden Says 'Time To Cool It Down' And Urges Americans To Lower Political Rhetoric Following Trump Assassination Attempt - Top Headlines Today While US Slept
Crypto Bitcoin Breaks $63K As Institutional US Investors Start Stocking Up Digital Asset: Analysts Say Possibility Of A Further Rebound Is Open Notorious North Korean Hacker Group Lazarus Suspected Of Laundering $35M From The Infamous $305M DMM Bitcoin Heist Prominent Crypto Analyst Says Ethereum 'Will Reach A New All-time High Faster Than The Rest,' Says It Has 'Tremendously Low Valuation' Long-Inactive Bitcoin Wallet Unleashes $60M Amid Market Rebound, Stands To Profit 497X On Sale Trump-Themed Maga Coin Witnesses Volatility As Former President Escapes Attempt On Life: Here's How Much The PolitiFi Token Has Gained This Election Year Bitcoin, Ethereum, Dogecoin Recover As Market Reacts Positively To Trump Escaping Assassination Attempt: Analyst Predicts King Crypto's Pullback Before Rise To $63.8K US Politics 'Tragedy For Our Democracies:' Xi Jinping, Emmanuel Macron And Other World Leaders Condemn Assassination Attempt On Trump Trump Rally Shooter Briefly Featured In BlackRock's 2022 Ad, Largest Money Manager Admits Ahead Of Its Earnings Report FBI Probes Trump Rally Shooting As Potential Domestic Terrorism: 'It Appears That He Was A Lone Actor' Odds Of Trump Presidency Raised To All-Time High By Crypto Bettors After Assassination Bid[AB1] Biden Vs. Trump: Post-Debate Popularity Poll Reveals Unexpected Results For This Candidate Biden Says 'Time To Cool It Down' And Urges Americans To Lower Political Rhetoric Following Trump Assassination Attempt US Markets Why Trump Media & TechnologyShares Are Trading Higher; Here Are 20 Stocks Moving Premarket Netflix, Goldman Sachs, J&J, ASML Lead Q2 Reports This Week As Analysts See Earnings Growth Accelerating To Fastest In Over 2 Years US Stocks Close Higher, Dow Hits 40,000: Market Sentiment Remains In Greed Zone World Economy Amazon Prime And YouTube Premium Linked To Japan's Rising 'Digital Deficit,' Putting Pressure On Yen, Say Experts Mohamed El-Erian Notes China's Q2 GDP Growth Disappoints At 4.7% Amid Real Estate Woes Tech Alibaba, Chinese Tech Stocks And EV Stocks NIO, XPeng, Li Auto Tumble After Disappointing Economic Report Electric Vehicle What's Going On With Taiwan Semi Stock On Monday? Ericsson And OPPO Ink Global 5G Patent Deal: Royalties and Innovation on the Horizon Jeff Bezos And Masayoshi Son's SoftBank Lead $300M Funding Round For Startup Working On Developing 'General Purpose Brain' For AI Systems Google's Camera Updates Will Soon Let Apps Like Instagram Capture Ultra HDR Images: Here's Why It's Important Apple Rides On Heavy Discounts And Promise Of AI To Stabilize iPhone Shipments, But It's Still Losing Out To Chinese Rivals Want To Use Windows, Linux, Or Android On Your iPhone? You Can Now Do It, As Apple Approves First PC Emulator For iPhone And iPad Nvidia Could Be Worth Nearly $50 Trillion In A Decade, Says Early Tesla, Amazon Investor: Nearly 2X That Of US Or 3X Of China's Current GDP AT&T Reportedly Pays Hacker About $400K To Wipe Stolen Data, Security Expert Says It Was 'Drop In The Ocean' For The Company: Here's Why Google Parent Alphabet Reportedly Eyes $23B Acquisition Of Cybersecurity Firm Wiz To Take On Microsoft And Amazon: Top Analyst Expects 'Flurry Of Tech M&A On The Horizon' Electric Vehicle Tesla Offers Model Y RWD Owners Extended Range Option With $1.6K Software Update MrBeast's Latest YouTubers' Challenge Video Goes Viral As He Plans To Give Away 10 Tesla Cybertrucks: Here's What Elon Musk Has To Say Consumer Hong Kong's WH Group Subsidiary Smithfield Foods Gears Up For $1B IPO In US: Report Communication Egypt Gets 5G Boost: Nokia Teams Up with Telecom Egypt Trump Media & Technology (DJT) Surges Over 60% Pre-Market: What's Driving The Rally? Industrial China Uses AI-Powered 'Kill Web' To Counter Boeing's US Electronic Warfare Aircraft In South China Sea: Report Boeing Commences Critical 777-9 Certification Tests With FAA Regulators Onboard: Report Financial BlackRock Q2 Earnings: ETF Boom, Record Inflows And Private Market Drive Growth PayPal Faces $27.3M Fine In Poland Over Ambiguous Contract Clauses, Watchdog Criticizes Lack Of Transparency Space Elon Musk Says SpaceX Making 'Important' Design Changes To Starship Ahead Of Its Fifth Test Flight Starlink Satellites From Thursday's Launch Will 'Fully Demise' In Earth's Atmosphere, Says Elon Musk's SpaceX Energy Sam Altman-Backed Startup Aims To Store Carbon Dioxide In Rocks, Shrinking Decades-Long Timeline To 'Single-Digit Months' Image via Shutterstock Market News and Data brought to you by Benzinga APIs
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S&P 500 Prints New Record Highs Ahead Of Powell Speech; Russell 2000 Rally Continues, Trump Stocks Spike: What's Driving Markets Monday? - BlackRock (NYSE:BLK)
U.S. stock market hits all-time highs as investors await Fed Chair Jerome Powell's interview today. The U.S. stock market, represented by the index of the 500 largest companies by market capitalization, jumped to new all-time highs at the start of the week, as investors eagerly await Fed Chair Jerome Powell's interview at 12:30 p.m. ET at the Economic Club of New York. After the assassination attempt during Donald Trump's rally in Butler, Pennsylvania, last Saturday, market-prediction odds indicate a 72% chance of the tycoon winning the 2024 elections. This appears to maintain a high-risk appetite among investors, although there is still a noticeable preference for small caps over large caps, and cyclical sectors over defensive ones. Following the best weekly performance since October 2023, small caps continue to rally on Monday, with the Russell 2000 Index, as tracked by the iShares Russell 2000 ETF IWM, rising over 2%, on track to notch its fourth straight session of gains. The 8% rise over the last four sessions marks the Russell 2000's best four-day rally since June 2020. Energy and financials outperform other sectors on Wall Street, while utilities witness their worst daily performance since January 2024. Gold shines among commodities, with yellow metal prices soaring to $2,437 per ounce, nearing the all-time high barrier. Bitcoin BTC/USD jumps to over $63,000, up 3.7%, marking its best day in about two months. Monday's Performance In Major U.S. Indices, ETFsAccording to Benzinga Pro data: The SPDR S&P 500 ETF Trust SPY was 0.6% higher to $563.41. The SPDR Dow Jones Industrial Average DIA rose by 0.6% to $402.83. The tech-heavy Invesco QQQ Trust (ARCA: QQQ) soared 0.8% to $498.93. Sector-wise, the Energy Select Sector SPDR Fund XLE outperformed, up by 1.7%, while the Utilities Select Sector SPDR Fund XLU lagged, down 2%. Monday's Stock Movers Goldman Sachs Group Inc. GS rose over 1% to a new all-time peak as the bank reported stronger-than-expected earnings and revenue last quarter. BlackRock Inc. BLK rose 0.4% in reaction to its quarterly results. Trump Media & Technology Group Corp. DJT rallied over 27% on Monday, driven by rising market-implied odds of Trump following the assassination attempt. Bitcoin-linked stocks such as MicroStrategy Inc. MSTR, Coinbase Global Inc. COIN, and Marathon Digital Holdings Inc. MARA rallied 13%, 10.5% and 9%, respectively, as crypto assets surged. Macys Inc. M plummeted by about 13%, marking the strongest one-day drop since August 2023, as the company ended buyout talks with Arkhouse Management. Read Now: * Russell 2000 Index Notches Strongest Week Of Year, Hits 31-Month Highs: Outlook Is 'Clouded By Fed's Concerns Over Labor Market,' Analyst Warns This photo was generated using artificial intelligence Dall-E. Market News and Data brought to you by Benzinga APIs
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Bitcoin reaches a new high of $63,000 as U.S. institutional investors show increased interest. The cryptocurrency market experiences volatility due to political events, including a failed assassination attempt on former President Trump.
Bitcoin Reaches New Heights
Bitcoin, the world's leading cryptocurrency, has surged past the $63,000 mark, reaching levels not seen since November 2021. This significant price movement comes as U.S. institutional investors demonstrate increased interest in the digital asset
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. The rally has caught the attention of market analysts and politicians alike, with President Biden suggesting it might be "time to cool it down" in response to the rapid price increase.Institutional Adoption Drives Growth
The recent price surge can be attributed, in part, to growing institutional adoption. Major financial institutions and corporations have been increasingly exploring Bitcoin as a potential store of value and hedge against inflation. This shift in perception has led to substantial inflows of capital from traditional finance into the cryptocurrency market, providing a strong foundation for Bitcoin's upward trajectory
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.Political Events Impact Crypto Markets
In an unexpected turn of events, the cryptocurrency market experienced heightened volatility following reports of a failed assassination attempt on former President Donald Trump. This incident, while unrelated to the financial markets directly, showcased the sensitivity of digital assets to geopolitical events and news
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. The news triggered a brief rally in Bitcoin, Ethereum, and even meme-inspired cryptocurrencies like Dogecoin, highlighting the interconnectedness of political stability and market sentiment in the crypto space.Broader Market Context
The cryptocurrency surge occurs against a backdrop of positive momentum in traditional financial markets. The S&P 500 has recently printed new record highs, while the Russell 2000 index continues its rally
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. This overall bullish sentiment in the broader financial ecosystem appears to be spilling over into the cryptocurrency markets, further fueling Bitcoin's ascent.Related Stories
Regulatory Landscape and Future Outlook
As Bitcoin and other cryptocurrencies gain mainstream attention, regulatory scrutiny is expected to intensify. The comments from President Biden about "cooling it down" suggest that policymakers are closely monitoring the situation. Market participants are now keenly awaiting potential regulatory developments that could shape the future of cryptocurrency adoption and integration into the traditional financial system.
Altcoin Performance
While Bitcoin leads the charge, other cryptocurrencies have also benefited from the positive market sentiment. Ethereum, the second-largest cryptocurrency by market capitalization, has seen significant gains. Even Dogecoin, often considered a more speculative asset, has experienced a surge in value, demonstrating the broad-based nature of the current crypto market rally
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