Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
IN THE NEWS
Bitcoin and cryptocurrency-mania is spreading rapidly across Wall Street and Main Street, but the legendary Warren Buffett isn't buying into the hype one bit: Link
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Music streaming service Spotify may soon be the first blockbuster market debut of 2018: Link
A top official from South Korea said the government is preparing a bill to ban the trading of cryptocurrencies on exchanges, stepping up its efforts to curb speculation: Link $
President Donald Trump on Wednesday declined to commit to a potential meeting with special counsel Robert Mueller, who told the president’s lawyers last month that he may want to interview Mr. Trump soon as part of his investigation into whether Trump associates colluded with Russia’s efforts to interfere in the 2016 U.S. election: Link $
Canada is increasingly convinced that President Donald Trump will soon announce the United States intends to pull out of NAFTA, two government sources said on Wednesday, sending the Canadian and Mexican currencies lower and hurting stocks: Link
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As a presidential candidate, Trump promised to leave the issue of marijuana legalization to the states. Then he chose Jeff Sessions as his attorney general, and it was only a matter of time before that changed: Link
Why hasn’t the Harvey Weinstein effect hit finance?: Link
Hedgie Bill Ackman on Wednesday ripped a page from a discount retailer’s playbook — he put his product on sale: Link
ECONOMIC DATA
- USA Initial Jobless Claims for Jan 5 261.0K vs 246.0K Est; Prior 250.0K. Continuing Claims for Dec 29 1.87M vs 1.92M Est; Prior Revised from 1.91M to 1.90M
- USA PPI (MoM) for Dec -0.10% vs 0.20% Est; Prior 0.40%. Core PPI (MoM) for Dec -0.10% vs 0.20% Est; Prior 0.30%
- The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET.
- The Treasury is set to auction 30-year bonds at 1:00 p.m. ET.
- The U.S. Treasury budget report for December will be released at 2:00 p.m. ET.
- New York Federal Reserve Bank President William Dudley is set to speak in New York at 3:30 p.m. ET.
- Data on money supply for the recent week will be released at 4:30 p.m. ET.
ANALYST RATINGS
- Daiwa upgraded Union Pacific (NYSE:UNP) from Neutral to Outperform
- Cowen upgraded VMware (NYSE:VMW) from Market Perform to Outperform
- KeyBanc downgraded Akamai Technologies (NASDAQ:AKAM) from Sector Weight to Underweight
- Cowen downgraded Citrix Systems (NASDAQ:CTXS) from Outperform to Market Perform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.