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.
Freight Futures contract to watch today: February National Contract
After a brief pause for the Presidents' Day holiday on Monday, Trucking Freight Futures fell across the board during Tuesday's session, continuing a nearly two-week tumble. The spot National contract (FUTC1.VNU) slipped 0.6% on the day to settle at $1.393/mile, the lowest point for a spot month settlement since May 2019 and down almost 10% since the beginning of 2020. The February contract (FUT.VNU202002) is down 4.3% since the beginning of the month.
Both the East regional (FUT.VEU202002) and the West regional (FUT.VWU202002) contracts slid 0.5% to close at $1.558 and $1.434, respectively. The South regional contract (FUT.VSU202002) dropped 0.7% for the session to $1.189. The coronavirus continues to hurt market fundamentals.
There was not a bright spot to be found anywhere on the individual lanes. In the East, the PHL to CHI contract (FUT.VPC202002) stumbled by $0.010, or 0.9%, to $1.105 as the CHI to ATL contract (FUT.VCA20202) lost 0.5% to $1.911 and the ATL to PHL contract (FUT.VAP202002) dipped 0.3% to $1.657. Over to the West, the SEA to LAX contract (FUT.VSL202002) dropped 0.9% to $0.918 and the LAX to SEA contract (FUT.VLS202002) fell by 0.3% to $1.950. In the South, the DAL to LAX contract (FUT.VDL202002) skidded nearly 1% to $1.060 while the LAX to DAL contract (FUT.VLD202002) closed down 0.5% to $1.317.
FreightWaves SONAR: Chart
Image by Alexas_Fotos from PixabayCrypto 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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