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.
The CNN Money Fear and Greed index showed although US equity markets remained in the "fear" zone on Friday, but they are slowly inching towards the "neutral" zone, as the overall fear level continued to ease with a sharp rise in tech stocks in the previous session.
U.S. stocks settled higher on Thursday after Tesla Inc (NASDAQ:TSLA) reported better-than-expected earnings for its second quarter. Investors are also keeping an eye on rising inflation level and aggressive monetary policy tightening by the Federal Reserve.
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U.S. initial jobless claims climbed by 9,000 to 251,000 the week ended July 16th, recording the highest level since November 2021.
Investors, meanwhile, are now awaiting earnings results from American Express (NYSE:AXP) , Verizon Communications (NYSE:VZ) and Twitter Inc (NYSE:TWTR).
The Nasdaq Composite jumped 1.36% to close at 12,059.61 on Thursday. The Dow Jones and S&P 500 also added 0.51% and 0.99%, respectively in the previous session.
At a current reading of 42.0, the index remained in the "fear" zone on Friday, following a previous reading of 39.0.
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.