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.
Li Auto Inc (NASDAQ:LI), Nio Inc - ADR (NYSE:NIO) and XPeng Inc - ADR (NYSE:XPEV) are all trading sharply higher during Tuesday's session. Shares of Chinese companies are trading higher amid multiple recent catalysts including the Biden-Xi G20 meeting, property sector support and lighter-than-expected US inflation data.
Additionally, a report released by the National Bureau of Statistics also showed online retail sales continued to increase and its contribution to overall retail sales also improved.
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The NBS report showed online retail sales rose 7.2% year-over-year in the Jan-Oct period, faster than the 6.1% growth in the Jan-Sept period.
This report should bode well for Alibaba, JD and Pinduoduo, which are major players in the ecommerce industry.
According to data from Benzinga Pro:
- LI is trading higher by 6.68% to $19.16
- NIO is higher by 5.86% to $11.82
- XPEV is higher by 5.21% to $9.09
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.