Jeff Bezos's Next Trillion Dollar Bet Exposed

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Bitcoin Hits $56K, Ethereum And Dogecoin Soar Too As Crypto Market Cap Soars Past $2T: Analyst Says $100K BTC 'Is A Magnet'

Mehab Qureshi
February 26, 2024

Cryptocurrencies saw a surge on Monday, as the largest cryptocurrency by market capitalization Bitcoin smashing through its major resistance level at $53,000.

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)
Bitcoin (CRYPTO: BTC)+9.11%$56,160
Ethereum (CRYPTO: ETH)+4.05%$3,230
Dogecoin (CRYPTO: DOGE)+5.36%$0.089

What Happened: Several factors are currently driving the price movement of BTC. These include continuous spot Bitcoin ETF inflows, the halving, and the positive investor sentiment from both retail and institutional players. 

Bitcoin skyrocketed to over $56,000 on Monday, reaching its peak price since November 2021.

Trading volumes for the “new nine” spot Bitcoin exchange-traded funds (ETF) have achieved a daily record  on Monday .The trading volumes for the nine ETFs reached $2.4 billion, surpassing the previous record of $2.2 billion set on the first trading day, which was on January 11.

Among the ETFs, BlackRock’s IBIT (NASDAQ:IBIT) garnered the highest volume on February 26 with $1.29 billion. Following closely, Fidelity’s FBTC secured the second position with a volume of $576 million.

Additionally, the ARK 21Shares (BATS:ARKB) and Bitwise BITB (NYSE:BITB) ETFs witnessed flows tallying at $276 million and $81 million, respectively.

MicroStrategy, the leading corporate holder of Bitcoin, has notably expanded its Bitcoin portfolio by acquiring an additional 3,000 Bitcoin.

Top Gainer (24 Hour)

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)
Theta Network (CRYPTO: FLR)+39.39%$2.08
Stacks  (CRYPTO: MNT)+22.40%$3.09
Akash Network (CRYPTO: AR)+17.90%$4.73

The global cryptocurrency market cap now stands at $2.13 trillion, showing a 7.14% increase in the past 24 hours.

The S&P 500 declined on Monday, retreating from its recent record high set last Friday, as investors awaited crucial inflation data. The index fell by 0.38% to reach 5,069.53, while the Nasdaq Composite also decreased by 0.13% to close at 15,976.25.

Treasury yields experienced a slight increase, further pressuring stocks. The 10-year Treasury yield rose by approximately one basis point to 4.276%.

In late afternoon trading, stocks associated with the price of Bitcoin saw a surge, coinciding with the cryptocurrency surpassing the $54,000 level for the first time since December 2021. Notably, Coinbase’s stock soared by 16.85%, Microstrategy Inc jumped by 15.86%, and Riot Platforms and Marathon Digital, the largest bitcoin miners, experienced increases of 16% and 22% respectively.

See More: Best Cryptocurrency Scanners

Analyst Notes: Cryptocurrency analyst Michael Van de Poppe said that shortly after the US Open, Bitcoin’s price surged to a new yearly high at $54,300.

"Got me by surprise, I was suspecting a corrective move and am now fast approaching my pre-halving target. What’s important this week? Prelim GDP on Wednesday."

According to the crypto analyst Gart van Lagen, the price of BTC [1W] is continuing its parabolic trajectory since Nov-22 and is on track to reach $200k in the near future.

"This parabola, reaching $200k, seamlessly aligns with the pattern of previous fifth subwaves, all of which have historically intersected the blue trendline in a parabolic manner.Will $BTC wait for the halving?  Price has already surged significantly beyond the 78.6% Fibonacci retracement level of the previous bear market, which only occurred post-halving in the past.  When breaching 78.6%, price tends to immediately take-off parabolically."

Cryptocurrency analyst Kaleo, predicts that a $100K valuation for Bitcoin is inevitable.

"$100K $BTC is a magnet"

According to on-chain analyst Ali Martinez, Bitcoin is exhibiting a megaphone pattern on its daily chart. "If BTC maintains its position above $50,000, achieving a sustained close above $53,000 could be the catalyst for a rally toward $60,520!"

Photo by FellowNeko on Shutterstock

Read Next: Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter Users

Popular

Meta to Suspend Threads in Turkey Amid Regulatory Challenges, Aims for Future Reinstatement

Meta Platforms, Inc will stop operating Threads in Turkey on April 29 due to an order from the Turkish Competition Authority, but plans to appeal and reinstate the app soon. It also lowered fees for ad-free versions in Europe.

Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota

A Native American-led nonprofit has announced that it purchased nearly 40 acres (16.2 hectares) of land in the Black Hills of South Dakota amid a growing movement that

2024 Stock Alert: Is This an AI Melt Up? - Ad

The AI "gold rush" is here. What comes next in 2024 could have consequences on your wealth and retirement for the next decade or more. Which is why you need to prepare for a reckoning in popular tech companies...and instead move your money into these under-the-radar AI stocks.

Saudi foreign minister arrives in Pakistan to discuss how to help with the country's economic crisis

ISLAMABAD (AP) — Saudi Arabia’s foreign minister on Monday led a high-level delegation on a two-day visit to Pakistan, which is seeking help in overcoming one of its worst economic crises.

CleanSpark Is Holding Up Better Than Other Bitcoin Mining Stocks Monday: What's Going On?

CleanSpark Inc (NASDAQ:CLSK) shares are trading slightly higher Monday despite weakness across crypto markets. Here’s a look at what’s going on.

This Surprise AI 'Twist' Has Sent 50 Stocks up 100% or More - Ad

40% of "AI" companies don't even use AI... and many AI companies have no gains whatsoever. But AI is transforming one secret group of companies, practically overnight. Already, 50 stocks in this sector have shot up 100% or more in just 90 days. Professor Joel Litman explains everything.

Broadcom Succumbs to EU Antitrust Investigation Over VMware Licensing, Prompting Swift Pricing Strategy Revision

Broadcom Inc (AVGO) under EU antitrust probe for allegedly changing VMware licensing terms, resulting in price hikes and restrictions on reselling.

Cathie Wood's Ark Invest Sells $20M+ Coinbase Shares As Bitcoin Trades Over $70K, Buys Palantir, Sells Nvidia Stock

On Thursday, Cathie Wood’s Ark Invest made significant trades involving Coinbase Global, Inc. (NASDAQ:COIN), Palantir Technologies Inc. (NYSE:PLTR), and Nvidia Corp.

Jeff Bezos' Next Move - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

NEW YORK (AP) — Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.

AI Hype Is Overblown -- Except One Sector Now Soaring - Ad

40% of "AI" companies don't even use AI... and many AI companies have no gains whatsoever. But AI is transforming one secret group of companies, practically overnight. Already, 50 stocks in this sector have shot up 100% or more in just 90 days. Professor Joel Litman explains everything.

Peter Schiff Predicts Bitcoin ETFs Will Lead To Its 'Biggest Crash Ever'

Bitcoin's (CRYPTO: BTC) ever-bearish commentator Peter Schiff commented on the crypto king, foreseeing its biggest crash and a potential MicroStrategy (NASDAQ:MSTR) bankruptcy.

Group 1 Makes Power Move in UK Market with Inchcape Auto Dealerships Buy Out

Group 1 Automotive to acquire Inchcape's U.K. dealerships for $439M in all-cash deal. Deal expected to close in Q3 2024.

The Next Nvidia? - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Macy's names 2 independent directors as part of agreement with activist investor

NEW YORK (AP) — Macy's said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain.

Oil and gas companies must pay more to drill on public lands under new Biden administration rule

WASHINGTON (AP) — Oil and gas companies will have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells, according to a final rule issued Friday by the Biden administration.

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

US consumer sentiment falls slightly as outlook for inflation worsens

WASHINGTON (AP) — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans' outlook largely unchanged this year.

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

America's Cash Bubble Set to Burst on May 1, 2024 - Ad

For the first time I've ever heard of... we know the exact day (and time) a bubble is going to burst. This is insane and something we only have access to because of Jason's findings (that he's sharing with his ultra-elite clients). To find out what the cash bubble is and why you're vulnerable to it without even realizing...

Milei, the president of cash-strapped Argentina, starts another US tour and plans to meet Elon Musk

BUENOS AIRES, Argentina (AP) — President of Argentina kicked off a visit Wednesday to the United States, where he'll meet with tech billionaire , as his government seeks an infusion of cash to overhaul Argentina's embattled economy.

Proxy Fight Concludes, Yet Macy's Future Remains In The Balance: Report

Proxy fight settled, but Macy's future uncertain amid ongoing strategic talks and acquisition bids.

Super-Billionaire Goes All-in on $3 A.I. Stock - Ad

I've been pounding the table on this $3 A.I. stock for weeks now. I believe we'll soon talk about this little-known stock in the same way we talk about Amazon, Tesla, and Nvidia now. This is without a doubt my #1 recommendation to buy today.

Why Fastenal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of Fastenal Company (NASDAQ: FAST) fell sharply during Thursday’s session following worse-than-expected first-quarter financial results.

Has Jeff Bezos Found the Next Nvidia? - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

March Sales Top $288M In Another Record-Breaking Month For Michigan Cannabis Industry

Discover Michigan's booming cannabis market with record-breaking $288.8M sales in March. Dive into industry dynamics and future projections.

Brazil again postpones visa requirements for US, Canada and Australia, this time until 2025

RIO DE JANEIRO (AP) — Brazil’s government has postponed until April 2025 for citizens of the U.S., Australia, and Canada that had been scheduled to end on Wednesday.

Make This One Trade Every Time the Government Drops Economic Reports - Ad

Twelve times every year... you have the chance to make ONE simple trade... with ONE symbol... And cash out the very next day! Some have gone up to 383% OVERNIGHT! It's a way to make winning trades every time the government releases key economic data.

What's Going On With BP Shares Premarket Friday?

ADNOC reportedly considered buying BP, but decided it wasn't the right fit for their strategy. BP has underperformed and is seen as a potential takeover target.

Elon Musk Gets Fresh Challenge In His X Plans As Naval's Airchat App Begins Making Buzz

AngelList co-founder Naval Ravikant has launched a new social media app called Airchat, to take on Elon Musk's hate speech-inundated X.

The A.I. Story Nobody is Telling You (Read ASAP) - Ad

There's been a lot of buzz surrounding A.I. over the past couple of years -- but there's only ONE story you should be worried about. Whether you have $500 or $500,000, this radical new A.I. Innovation will have a direct impact on your wealth.

Vertex Pharma scientist talks about the long road to developing non-addictive painkillers

WASHINGTON (AP) — For decades, patients seeking medication for pain have had two choices: over-the-counter drugs like aspirin or powerful prescription opioids like oxycodone.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service