Corporate execs sell stock at record levels as Bitcoin nears 130% YTD returns

December 13, 2024 Coin Telegraph

Bitcoin could reach a cycle top of over $160,000 on continued interest rate cuts and macroeconomic improvements in 2025, analysts have predicted.

Corporate executives are selling their stock shares at unprecedented levels as Bitcoin continues to sustain above $100,000.

The corporate executive stock sale ratio reached a new all-time high of six sellers to buyers, according to Financial Times data shared by the Kobeissi Letter in a Dec. 12 X post:

Corporate executive stock sales reach an all-time high. Source: The Kobeissi Letter / Financial Times

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Billionaire Investor Abruptly Dumps $20,000,000,000 Portfolio, Pours Cash Into Four Assets: Report

December 7, 2024 The Daily Hodl

Billionaire Investor Abruptly Dumps ,000,000,000 Portfolio, Pours Cash Into Four Assets: Report

Asset Management

The head of a $210 billion asset management firm has decided to unload a massive pile of assets. Billionaire Israel “Izzy” Englander, CEO of Millennium Management, has sold off 68% of the firm’s Walmart (WMRT) position – 8.1 million shares worth about $745 million – according to its latest filings with the U.S. Securities and […]

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JPMorgan Chase, Morgan Stanley and Citi Say Raging Bull Market Not Over Yet – Here’s Their Outlook

November 16, 2024 The Daily Hodl

bank

Several Wall Street banking giants are forecasting blue skies for US equities – at least until 2024 comes to a close. Morgan Stanley chief US equity strategist Mike Wilson tells Bloomberg that he expects the S&P 500 to revisit all-time high levels by the end of the year. But Wilson warns equities will likely see […]

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Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high

November 16, 2024 Coin Telegraph

Bitcoin

Bitcoin bulls have sealed BTC price all-time highs in US dollar terms but have yet to match macro asset records from 2021.

Bitcoin (BTC) has not matched all-time highs against the S&P 500, gold and others — but doing so is “a matter of if, not when.”

In a post on X on Nov. 15, Caleb Franzen, creator of financial research resource Cubic Analytics, predicted BTC price outperformance next.

Bitcoin may have tapped $93,500 and gained nearly 50% in Q4, but against many macro assets, the BTC price breakout has yet to happen.

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Crypto stocks close on huge gains riding Donald Trump’s US election win

November 7, 2024 Coin Telegraph

Bitcoin

Traders have seized on optimism that the more pro-crypto Republicans could also win a majority in Congress after the party won the Senate and the White House.

United States crypto stocks ended the trading day on massive gains — most at double-digits — after a sweeping election win by Donald Trump and a new Bitcoin all-time high.

Crypto exchange Coinbase Global Inc (COIN), one of the biggest donors in the election cycle, saw the biggest gain on Nov. 6, closing up 31.11% at $254.3, now up 62.1% so far this year, according to Google Finance.

The popular trading house Robinhood Markets Inc (HOOD) also jumped 19.6% on the day, as did Bitcoin (BTC) miner MARA Holdings Inc (MARA) — formerly Marathon Digital. The BTC buying MicroStrategy Inc (MSTR) also closed up over 13%.

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Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer

November 2, 2024 The Daily Hodl

crypto trading

The Singapore-based digital asset exchange Crypto.com has acquired the US broker-dealer Watchdog Capital in an effort to launch equities trading for American customers. The New Hampshire-based broker is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization that creates and enforces rules […]

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JPMorgan Chase Details Election ‘Playbook’ for Investors, Forecasts Wall Street’s Response To Trump, Harris Victories

October 25, 2024 The Daily Hodl

bank

Banking giant JPMorgan Chase just released its US election playbook for investors. The bank’s strategists say “Trump trade” dynamics are clearly playing out over the last couple of weeks, alongside former President Donald Trump’s surge in betting markets. “Small- and mid-cap stocks have outperformed their large-cap peers on hopes of lower taxation and deregulation. U.S. […]

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MicroStrategy overtakes Microsoft in all-time stock gains as Bitcoin bet pays off

October 25, 2024 Coin Telegraph

Bitcoin Microsoft

MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.

MicroStrategy’s bet on Bitcoin is paying off handsomely as its stock soared more than 7% on Oct. 25, marking a new 25-year high at $236.

This was a continuation of a six-week rally for the world’s largest corporate Bitcoin holder, which has seen its share surpass Microsoft’s as the tech giant is set to vote on a proposal to publicly assess adding Bitcoin (BTC) to its balance sheet.

“MicroStrategy is soaring to a new all-time high!” observed crypto community Crypto Coin Coach in a post on X in response to the software company’s share price movement on Oct. 24.

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Bitcoin price drops under $67K as investors chase profit in stocks

October 18, 2024 Coin Telegraph

Bitcoin price drops under K as investors chase profit in stocks

Biden

Bitcoin pulled back from its range high as investors moved to greener pastures, but a possible misstep by the SEC could benefit BTC.

Bitcoin (BTC) briefly ventured above $68,000 on Oct. 16, the highest level since August, but holding this level proved harder than anticipated. With Bitcoin price now trading below $67,500, the primary question at hand is whether BTC price can restore its bullish momentum.

Stronger-than-expected economic data in the United States reduced investors’ appetite for alternative hedging instruments, while a strong earnings report by TSMC shifted traders’ attention to the stock market.

The macroeconomic environment played an important role in Bitcoin’s rejection at $68,000, but one event in the cryptocurrency industry in particular has triggered expectations of a more benevolent attitude toward crypto from the current Biden-Harris administration.

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$6,000,000,000,000 in Sidelined Cash Boosting Stock Market, Making Macro Data Less Important: Investor Tom Lee

October 16, 2024 The Daily Hodl

billion

Fundstrat’s Tom Lee says markets are getting a boost from $6 trillion that’s been sitting on the sidelines. In a new interview on CNBC’s Squawk Box, Lee says that the massive amounts of liquidity at the ready may now be more relevant for determining whether markets remain in an uptrend than macroeconomic data. “We’ve kind […]

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Stocks