Bitcoin's (CRYPTO: BTC) price may continue to stay within its current trading range despite rising institutional interest and significant ETF inflows, according to Michael Bucella, managing partner at Neoclassic Capit
Let's have a look at what is happening on the US markets before the opening bell on Tuesday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
On Monday, Cathie Wood’s Ark Invest executed significant portfolio adjustments, prominently acquiring shares of Advanced Micro Devices Inc. (NASDAQ:AMD) while reducing positions in Coinbase Global Inc. (NASDAQ:COIN
Coinbase’s first quarter results drew a negative response from the market after both revenue and non-GAAP profit fell short of Wall Street expectations. Management attributed the miss primarily to lower transaction revenues and a shift in trading activity, with increased incentives to grow derivatives volume weighing on margins. CEO Brian Armstrong noted that while consumer and institutional trading volumes declined, the company gained market share, especially in derivatives, and continued to expand internationally. CFO Alesia Haas explained that investments to attract liquidity and customer acquisition in derivatives led to reduced transaction revenue, while a mix shift toward lower-fee market makers also contributed to pressure on top-line growth. "We are offering trading rebates and incentives to build liquidity and acquire customers," Haas said, pointing to the long-term strategy of building a comprehensive global trading platform.
Bernstein has initiated coverage on Circle Internet Group (NYSE:CRCL) with an Outperform rating and a price target of $230, highlighting the company’s growing leadership in
Japanese investment firm Metaplanet Inc. (OTC:MTPLF) surpassed a couple more Nasdaq-listed companies to become the fifth-largest Bitcoin (CRYPTO: BTC) corporate holder on Monday.
Seasoned investor Cathie Wood said Saturday that Bitcoin (CRYPTO: BTC) holders may not hesitate to shift their holdings to a centralized cryptocurrency exchange to avail home loans.
