Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build .
With Bitcoin at Record Highs, These are Some of the Top Companies Thriving
The cryptocurrency bull market appears alive and well, with Bitcoin soaring above $28,500. All thanks to increased interest from institutional and retail investors, and concerns about potential inflationary impact of the latest stimulus package. In fact, according to Reuters, the cryptocurrency is being “buoyed by demand from larger investors attracted to its potential for quick gains, purported resistance to inflation and expectations it will become a mainstream payment method.” In addition, “While this is a major milestone for this nascent asset class, as retail, institutional, and blue-chip investors alike allocate more capital to this space, it would not be surprising to see other coins follow in BTC’s footsteps and for this upward trajectory to be sustained into 2021.” Better, analysts are bullish on Bitcoin, as well. Citibank for example says we could see $318,000 BTC in 2021.
Wednesday’s 10 Notable Stocks in Focus
U.S. stock futures tied to all three major indexes rose in the premarket trading Wednesday. At 2:18 p.m. ET, S&P 500 Index advanced 0.16 percent to 3,733.03, Dow Jones Industrial Average increased 0.28 percent to 30,419.75, and Nasdaq jumped 0.27 percent to 12,885.38. U.S. stocks were trading higher yesterday but suddenly slipped later in the day when Senate Majority Leader Mitch McConnell objected to the revised stimulus payments proposed by President Donald Trump on Monday.
McConnell blocked the increase in stimulus checks from $600 to $2,000. However, he still has a choice to decide about the revised amount later. Trump previously criticized the $600 payment, saying the amount is low for U.S. citizens who need extra money for buying groceries and paying rent.
Crypto-linked stocks extend a rally that has produced 400% gains
Marathon is up 444% over 2 months, Riot Blockchain up 383%. Bitcoin headed for its biggest monthly gain since 2019.
Compártelo:
Cryptocurrency-linked stocks rose Wednesday as
Bitcoin headed for its biggest monthly gain since 2019, extending a rally that’s seen some companies’ shares more than quintuple since the end of October.
Marathon Patent Group Inc., which has soared 444% over the past two months, added another 7.6% in premarket trading. Riot Blockchain Inc. rose 4.2% Wednesday after gaining 383% since Oct. 30. And Bit Digital Inc., which surged 81% on Monday alone, jumped another 15% premarket.
The price of Bitcoin briefly rose above $28,000 Wednesday to a record high, bringing its December gain to more than 40%. Other cryptocurrencies have also surged, with the