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Bitcoin to gold ratio reaches all-time high as BTC price surges

The Bitcoin to gold ratio has reached a new all-time high of 40 ounces of gold per BTC as Bitcoin's price surpassed $106,000. Veteran trader Peter Brandt predicts the ratio could rise to 89 to 1, reflecting Bitcoin's potential to capture a share of gold's $15 trillion market. Meanwhile, Bitcoin mining difficulty has also hit a historic high, indicating increasing challenges in generating new coins.

should you invest in ethereum as it approaches four thousand five hundred dollars

Ethereum has surged nearly 60% since the recent election, benefiting from a favorable regulatory environment anticipated under the incoming Trump administration. With potential pro-crypto cabinet appointments and a shift to proof-of-stake, Ethereum's utility as a decentralized application platform is gaining traction, though it lacks Bitcoin's scarcity. Investors are advised to consider dollar-cost averaging due to possible near-term pullbacks, while Ethereum remains a long-term asset of interest.

nasdaq hits new heights as megacap stocks lead market rally

The stock market rally continues, with the Nasdaq surpassing 20,000 for the first time, driven by megacap stocks like Tesla, Google, and Amazon reaching new highs. Despite a slight dip in Dow and S&P futures, bullish sentiment remains strong, though caution is advised as the Nasdaq is extended above its 50-day moving average. Investors are encouraged to refine watchlists and prepare for potential market adjustments.

Eric Trump predicts Bitcoin will reach one million dollars in the future

Eric Trump predicts Bitcoin will reach $1 million, calling it a transformative global asset and a hedge against inflation and political instability. Speaking at the Bitcoin MENA event, he emphasized Bitcoin's scarcity and decentralized nature, comparing its adoption to that of email. Trump expressed confidence that early adopters will benefit as governments and banks adapt to this digital revolution.

cathie wood advises caution with ark innovation fund amid underperformance

Cathie Wood, CEO of Ark Invest, stated that her ARK Innovation fund, which has seen significant losses since its peak, should not constitute a large portion of any investment portfolio. She emphasized the fund's volatility and positioned it as a satellite strategy, while highlighting advancements in technologies like genome therapy that could drive future growth. Despite underperformance compared to the S&P 500, Wood remains confident in the fund's unique approach and potential.

market movements and stock updates following election and health department changes

Traders are closely monitoring market movements following President-elect Trump's nomination of Robert F. Kennedy Jr. for HHS, raising vaccination concerns. Key biotech stocks like Moderna and Pfizer have seen declines, while the SPDR S&P Biotech ETF dropped 3%. In retail, Grocery Outlet and Warby Parker are up significantly, while Boeing's stock has fallen 15% since August amid labor disputes. Upcoming economic data is anticipated to influence market sentiment further.
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