The underperformance of Bitcoin mining stocks is a 'compelling buying opportunity' - analyst
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Grayscale Bitcoin Mini Trust (BTC) Files to List on NYSE
March 12, 2024 8:39 AM EDTGrayscale Bitcoin Mini Trust (NYSE: BTC) has filed to list on NYSE under the ticker BTC.
... MoreBernstein increasingly convinced Bitcoin price is heading towards $150,000
March 12, 2024 7:24 AM EDTBernstein sees Bitcoin's price hitting $150,000. In a note to clients this week, the firm told investors to buy Bitcoin miners as the recent underperformance "is probably the last window before halving."
As the cryptocurrency continues to rally, currently trading above the $72,000 mark, the firm recalled the words of Satoshi Nakamoto, who told another forum member debating Bitcoin in 2010, "If you don't get it, I don't have the time to try to convince you."
According to Bernstein analyst Gautam Chhugani,... More
Tesla vs. Bitcoin correlation is broken. Morgan Stanley explains why
March 12, 2024 7:00 AM EDTHistorically, Tesla's (NASDAQ: TSLA) stock and Bitcoin (BTC) have been viewed as a gauge for investor risk appetite.
Yet, since September, the once positive link between the price movements of TSLA shares and Bitcoin has broken down, Morgan Stanley analyst Adam Jonas said in a Monday note.
There are a couple of notable developments taking place below the surface that have contributed to this trend, according to Jonas and his team of analysts.
First of all, the directions of Tesla stock and Bitcoin prices have begun to diverge. Notably, the automaker... More
Bernstein on Bitcoin: 'We are now more convinced about our $150K price for Bitcoin'
March 12, 2024 6:49 AM EDTBernstein on Bitcoin: ' We are now more convinced about our $150K price for Bitcoin'
The analyst comments "We are now more convinced about our $150K price for Bitcoin: Bitcoin today is at $71K, we expected this to break out post halving. We built Bitcoin institutional flows in our... More
Raymond James Upgrades Coinbase Global Inc. (COIN) to Market Perform, 'we suspect the stock’s current momentum may persist'
March 12, 2024 4:38 AM EDT(Updated - March 12, 2024 7:08 AM EDT)
Raymond James analyst Patrick O'Shaughnessy upgraded Coinbase Global Inc. (NASDAQ: COIN) from Underperform to Market Perform.
The analyst comments "We are upgrading Coinbase from Underperform to Market Perform. Our long-term bias on Coinbase remains negative, but we no longer believe Underperform is the... More
MicroStrategy buys 12,000 Bitcoin using $800M raised from convertible note offering
March 11, 2024 9:45 AM EDTMicroStrategy (NASDAQ: MSTR) acquired an additional 12,000 Bitcoin, according to a Monday security filing.
MSTR shares popped more than 9% at the market open on Monday, while Bitcoin (BTC) was trading around $72,000 at the time of writing.
The purchase was made using the funds... More
