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.
Pre-open movers
U.S. stock futures traded higher in early pre-market trade. The U.S Treasury budget report for February is schedule for release at 2:00 p.m. ET.
Futures for the Dow Jones Industrial Average gained 96 points to 25,456.00, while the Standard & Poor’s 500 index futures rose 9.45 points to 2,798.00. Futures for the Nasdaq 100 index rose 40.25 points to 7,164.75.
Oil prices traded lower as Brent crude futures fell 0.61 percent to trade at $65.09 per barrel, while US WTI crude futures declined 0.50 percent to trade at $61.73 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.56 percent, STOXX Europe 600 Index gaining 0.37 percent and German DAX 30 index gaining 0.75 percent. The UK's FTSE index was trading higher by 0.02 percent, while French CAC 40 Index rose 0.29 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 1.65 percent, Hong Kong’s Hang Seng Index gained 1.93 percent, China’s Shanghai Composite Index climbed 0.59 percent and India’s BSE Sensex jumped 1.83 percent.
Broker Recommendation
Analysts at Barclays upgraded Discovery Inc (NASDAQ:DISCA) from Underweight to Equal-Weight.
Discovery shares rose 0.66 percent to $24.35 in pre-market trading.
Breaking news
- Lumentum Holdings Inc (NASDAQ:LITE) announced plans to acquire Oclaro Inc (NASDAQ:OCLR) for $9.99 per share in cash and stock.
- BlueLinx Holdings Inc. (NYSE:BXC) reported a $413 million merger with Cedar Creek.
- Clorox Co (NYSE:CLX) announced plans to acquire Nutranext for $700 million.
- CafePress Inc (NASDAQ:PRSS) announced plans to reduce workforce by 7 percent. The company’s COO Robert D. Barton also submitted his resignation.
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.
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