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microstrategy faces bankruptcy risk if bitcoin drops below sixteen thousand five hundred
MicroStrategy has significantly increased its Bitcoin holdings to over 439,000 BTC, valued at approximately $46 billion, despite concerns about its financial stability. CEO Ki Young Ju warns that a drop in Bitcoin to $16,500 could trigger bankruptcy, although this scenario is deemed highly unlikely given the current price floor of $30,000. The firm continues to purchase Bitcoin, recently joining the Nasdaq 100, which may enhance its capital access for further acquisitions.
NewsBTC
Nasdaq 100 Dec 24 MicroStrategy Incorporated USA Michael J. Saylor Jerome Powell
Finance & Economy, Market Report
10:30 18.12.2024
Ohio Lawmaker Proposes Bitcoin Reserve Act to Strengthen State Finances
Ohio State Representative Derek Merrin has introduced House Bill 703, the “Ohio Bitcoin Reserve Act,” which would allow the state treasury to invest in Bitcoin. This legislation aims to create a dedicated BTC fund, providing the State Treasurer with the authority to purchase and hold Bitcoin as a strategic reserve asset amid concerns over the devaluation of the US dollar. Ohio could become the third state to establish such a reserve, following Texas and Pennsylvania, as part of a growing trend among states to embrace Bitcoin for financial stability.
Bitcoinist.com
USA Derek Merrin Cynthia Lummis Andrew Burchwell Donald Trump Show more
Finance & Economy, News Article
10:30 18.12.2024
market faces pause amid santa claus rally concerns says UBS expert
Michael Zinn, a senior portfolio manager at UBS Global Wealth Management, noted that the Santa Claus rally is experiencing a pause after a significant post-election surge, describing it as "indigestion." He highlighted concerns over the market's narrow breadth, with only 40% of S&P stocks above their 50-day moving average, despite rising indexes. However, Zinn remains optimistic about long-term prospects due to factors like AI advancements and economic growth, supported by strong consumer demand reflected in November retail sales hitting an 11-month high.
benzinga.com/analyst-ratings/analyst-color/24/12/42547783/santa-claus-rally-is-facing-some-indigestion-says-ubs-expert-the-market-is-basically-taking-a-little-bit-of-a-probably-well-needed-pause
Nasdaq 100 Dec 24 Invesco Ltd. SPDR S&P 500 ETF Trust Benzinga USA Michael Zinn Show more
Finance & Economy, Market Report
10:12 18.12.2024
Santa Claus Rally Faces Challenges Amid Market Indigestion Says UBS Expert
Michael Zinn, a senior portfolio manager at UBS Global Wealth Management, noted that the Santa Claus rally is experiencing a pause after a significant post-election surge, describing it as "indigestion." He highlighted concerns over the market's narrow breadth, with only 40% of S&P stocks above their 50-day moving average, despite rising indexes. However, he remains optimistic about long-term prospects due to factors like AI advancements and economic growth, even as recent retail sales data indicates strong consumer demand.
benzinga.com/analyst-ratings/analyst-color/24/12/42547783/santa-claus-rally-is-facing-some-indigestion-says-ubs-expert-the-market-is-basically-taking-a-little-bit-of-a-probably-well-needed-pause
United States Dollar USA Michael Zinn
Finance & Economy, Market Report
10:12 18.12.2024
Dow poised to end losing streak as Fed decision looms
The Dow Jones Industrial Average is poised to open higher, aiming to end its longest losing streak in nearly 50 years, with futures up 89 points, or 0.2%. The index has faced pressure from stocks like Nvidia, and a drop today would mark its tenth consecutive decline, the worst since October 1974.
Barrons
NVIDIA Corporation USA
Finance & Economy, Market Report
10:03 18.12.2024
Beatrice Bösiger A Versatile Journalist Covering Business and Politics in Europe
Beatrice Bösiger, originally from Burgdorf (BE), has an academic background in German, Philosophy, and Cultural Studies from institutions in Bern, Zurich, and Vienna. She served as an editor for Wirtschaftsblatt in Austria and was a correspondent in Moscow from 2012 to 2016, focusing on business and politics in Russia, Ukraine, Belarus, and Central Asia. Since 2018, she has been an editor at Finanz und Wirtschaft, specializing in banking, insurance, private markets, cryptocurrencies, and fintech, and recently joined the NZZ business department in October 2024.
Neue Zürcher Zeitung
RUS Beatrice Bosiger
Finance & Economy, News Article
09:56 18.12.2024
Dow futures rise ahead of key rate decision and economic forecast
Dow futures are rising as investors await the final rate decision and economic forecast of the year. Intraday data is provided by FACTSET, with all quotes reflecting local exchange time. Real-time U.S. stock quotes are based on trades reported through Nasdaq, while intraday data may be delayed by at least 15 minutes.
MarketWatch
Nasdaq 100 Dec 24 USA
Finance & Economy, Market Report
09:53 18.12.2024
Global Indices Stabilize Ahead of Key Central Bank Meetings
The FTSE 100 and DAX 40 are finding support as the NASDAQ 100 consolidates below its record high ahead of key monetary policy meetings. The FTSE 100 has stabilized around its 200-day SMA at 8,197, while the NASDAQ 100 may see support between 21,760 and 21,784. A rise above 22,132 could target 23,000 for the NASDAQ.
IG
GBR
Finance & Economy, Market Report
09:27 18.12.2024
bitcoin surpasses 100000 as altcoin season gains momentum in crypto market
Bitcoin surpassed USD 100,000 for the first time, driving the total cryptocurrency market cap to over USD 3.89 trillion, before a sharp pullback led to significant liquidations. Meanwhile, altcoins like XRP, ADA, and XLM surged, fueled by changing regulatory sentiment and strong market performance, with altcoin market cap rising to USD 1.85 trillion. Ethereum outperformed Bitcoin, attracting institutional interest, while renewed NFT activity could further boost demand.
Crypto Valley Journal
USA Joe Biden Donald Trump
Finance & Economy, Market Report
09:19 18.12.2024
EuroStoxx 50 faces stagnation amid economic pressures and political uncertainties
The EuroStoxx 50 is expected to end 2024 with modest gains, reflecting a year of stagnation influenced by weak Chinese demand impacting luxury goods, rising risk premiums on French bonds, and concerns over US-Europe trade tensions. A technical analysis suggests a potential bullish breakout in early 2025, contingent on improved global economic conditions. However, a downturn remains possible if the economic outlook worsens.
IG
Euro CAC 40 USA CHN UKR FRA DEU Donald Trump Show more
Finance & Economy, Market Report
09:13 18.12.2024
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