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The bellwether cryptocurrency, bitcoin, has been on a rollercoaster ride after breaching the $60,000 mark and continued retracing from its recent highs. Equally, the second biggest cryptocurrency, Ether, replicated the downswing of Bitcoin and dived below $3,000. Analysts, however, warn that the downturn may not yet be over, thus pointing to a new possible cool-off phase. This, however, can continue further because the great investors who possess very big stakes in the Bitcoin market still have not taken the opportunity to buy the dip. According to Joel Kruger, currency strategist at LMAX Group, the $59,000 area is key for Bitcoin, as it has been throughout consolidation, and it will be the key area to break for any major short-term upside. Remaining above these, the focus would then remain on a potential push towards a new all-time high, potentially surging towards the elusive $100,000. On the downside, a close below $59,000 might deter the bullish view and open doors for a deeper correction towards the $45,000-$50,000 zone. The downturn in Bitcoin's price coincides with heightened anticipation surrounding the upcoming Bitcoin halving event. Google search interest in "Bitcoin halving" is now at levels that have overtaken the interest seen the last time before the 2020 halving. As this time around the halving date—around April 20—draws closer, the hype among the community seems to be building every day. The reduction of the block reward from 6.25 BTC to 3.125 BTC brings deep implications for halving on the supply dynamics of Bitcoin and most often triggers major market movements. This rise in dominance, too, is attributed to the correction and halving anticipation of Bitcoin occurring against the backdrop. The dominance metric of Bitcoin against other cryptocurrencies has risen to a very straight line and reflects a preference for the digital gold amidst broader market aversion to risk. Though this will prove to be a tough hurdle to climb, many layer-1 altcoins and Artificial Intelligence (AI) projects have recorded sharper declines, pushing further the ascent of Bitcoin dominance. On the other end, market commenters have been optimistic about Bitcoin in the long term, despite the recent downturn, with comparisons drawn to historical patterns that suggest post-halving rallies. In this period of volatility through which the crypto market is treading, investors are waiting for the implications of the opportunities that might open up within the narrative of Bitcoin transformation and the impact lasting for all digital assets in general.

U.S. stocks bounced back Wednesday, recovering from recent losses driven by heightened Middle East tensions and apprehensions about sustained interest rate hikes. The Dow Jones Industrial Average climbed 150 points, or 0.4%, while the S&P 500 and NASDAQ Composite also rose by 0.4% each. Investor attention remains fixed on the ongoing quarterly earnings season, with notable movements in individual stocks shaping market sentiment. United Airlines surged nearly 7% after projecting stronger-than-expected earnings for the current quarter, contrasting Travelers' nearly 7% decline following increased catastrophe losses due to severe weather conditions. Recent market turbulence stemmed from Fed Chair Jerome Powell's remarks hinting at delayed rate cuts amid persistent inflation concerns. Powell's stance, coupled with geopolitical tensions in the Middle East, has impacted risk sentiment, with traders adjusting expectations for monetary policy changes. Meanwhile, crude prices dipped on the heels of rising U.S. commercial stockpiles, signaling potential demand disruptions amid escalating global uncertainties.

Tesla is making a second attempt to secure shareholder approval for CEO Elon Musk's eye-popping $56 billion compensation package, following a rejection by a Delaware judge earlier this year. The package, initiated in 2018, hinges on Tesla's market value skyrocketing to $650 billion within the next decade. Musk's pay, which includes no salary or cash bonus, faced criticism from the Delaware Court of Chancery, labeling it "an unfathomable sum" and unfair to shareholders. The rejection nullified what was once hailed as the largest pay package in corporate America. In response to the court ruling, Tesla is urging shareholders to reconsider the compensation package, emphasizing its belief that the court's decision contradicts established corporate law principles. Board Chairperson Robyn Denholm expressed disagreement with the court's ruling, arguing that Musk's efforts over the past six years have significantly contributed to Tesla's growth and shareholder value. However, the court's verdict has stalled Musk's compensation, potentially costing him over $10 billion due to Tesla's recent stock decline. Alongside the compensation package, Tesla is seeking shareholder approval to relocate its corporate domicile from Delaware to Texas. The move aligns with Musk's strategy, as he has already shifted the company's headquarters to Texas. Tesla's regulatory filing emphasizes the need for a shareholder vote on these matters, highlighting the advisory nature of the decision-making process. Despite recent setbacks, Tesla's stock showed a marginal uptick before the market opening, indicating investor interest in the company's future direction.

In today's crypto market, Bitcoin is on the rise, challenging the $64,000 mark, while Ether continues its decline, signaling a shift in momentum. Here's a roundup of what's happening in the cryptocurrency space: Ether Prices in Downtrend as Bitcoin Challenges $64K Ether (ETH) is trading slightly above $3,000 as the CoinDesk Indices Ethereum Trend Indicator turns negative, indicating a bearish shift. According to Jun-young Heo, a Derivatives Trader at Presto, various factors like higher U.S. treasury yields, a stronger dollar, and geopolitical risks in the Middle East have weighed down on crypto markets. Short-term put options are now more expensive than call options for both BTC and ETH. Despite this, investors seem hesitant to turn completely bearish, with the market showing a mix of long and short liquidations. Bitcoin Miner Stocks Drop on Profit Fears: Bitcoin miner stocks have tumbled from their highs as investor confidence in post-halving profitability wanes. Mitchell Askew, head analyst at Blockware Solutions, believes these fears are largely unfounded and anticipates a "buy the news" event for public Bitcoin miners post-halving. Stocks of U.S. miners like Marathon Digital, Riot Platforms, and CleanSpark have seen significant declines, along with international players like Bitdeer Technologies and Iris Energy. Homium Secures $10 Million Funding for HELOC Protocol: Homium, a home equity line of credit (HELOC) tokenization protocol built on the Avalanche blockchain, has closed a $10 million funding round led by Sorenson Impact Group and Blizzard. The protocol allows homeowners to borrow against their home equity without increasing their monthly debt burden. Tokenization of real-world assets like home equity is gaining traction, with Citi projecting a $5 trillion market by 2030. Stocks and Crypto at Risk of Correction, Says AnalystMarkus: Thielen, founder of 10x Research, has warned of a potential significant price correction in both stock and crypto markets. Thielen cites persistent inflation, decreasing rate cuts, and rising bond yields as primary triggers for his bearish outlook. Bitcoin's recent 9.3% decline adds to concerns in the market, with prices hovering above $63,400 at the time of writing. As the crypto market navigates these challenges, investors remain cautious, awaiting further developments in both macroeconomic trends and cryptocurrency-specific catalysts. Stay tuned for more updates on crypto market trends and events.

Alphabet Inc. (NASDAQ: GOOG) is expected to unveil the financial report for the first quarter on 25 April. It has ignited traders to keenly look into various factors that could possibly instigate dynamics within markets and might affect investment opportunities. Here is a detailed analysis that consolidates views from some recent articles to give traders an all-around understanding of what to expect and how to strategize ahead of the Alphabet earnings release. AI Investments and Strategic Implications: This, according to the CEO of DeepMind, Demis Hassabis, goes to prove that substantial investments are being placed by Alphabet in artificial intelligence (AI), indicating through its size some of the big bets the company is making on cutting-edge technologies for sustained growth. Exceeding $100 billion in AI spending with the following objectives, including strengthening competitive positioning and accelerating innovation, Alphabet focuses on business segments. That puts the Alphabet AI initiatives in focus of traders to watch how these may be affecting the long-term prospects for growth and, perhaps, sentiment on the market. Analyst Projections and Market Sentiment: Some analysts at Alphabet remain bullish, with Stifel's Mark Kelley raising his price target to $174 while maintaining his Buy rating on the stock. Market sentiment sees Alphabet as holding strength and dominance in areas ranging from mobile search and YouTube viewership to programmatic advertising. This is likely to be viewed by traders as one of the key analysts' projections—whether along expectations or not—for the mood of the market and prices post-Alphabet earnings release. Earnings Expectations and Price Action: As for the earnings report from Alphabet, it will shift investor focus toward revenue growth, operating expenses, and how much impact AI investments have on the bottom line. Though this could influence short-term price action, the broader set of investors, in an ideal scenario, should actually focus more on the key metrics of revenue growth and expansion of margins to judge the financial health and growth trajectory of Alphabet. Any surprises against the analysts' expectations could set off immense price volatility and could provide the investors with some trading opportunities. Potential Buy Opportunity and Growth Outlook: What this means is, despite some give in the short run, solid fundamentals and strategic investment in AI present a bull's buying opportunity to traders interested in staking a claim in the technology sector. Traders will, therefore, look into the long-term growth potentials of Alphabet, which are driven by leadership in AI, digital advertising, and innovation. In further ecosystem development, Alphabet moves in and takes advantage of future improvements. Traders can derive profitability from price movement and investment opportunities that the Alphabet earnings report brings about. In short, the Q1 earnings report from Alphabet arms traders with the necessary capacity to delve into AI investments, sift through analyst projections, and feel out market sentiment to apply it toward potential trading activity. Armed with such knowledge and guiding metrics, traders would have the capacity to plan their moves and benefit from price action that is likely to ensue after Alphabet releases its earnings.

However, Federal Reserve Chair Jerome Powell's comments, that the data of late have yet to change the central bank's outlook on inflation—in other words, that the Fed might be willing to let inflation run higher—have sent ripples through global markets, which result in a day of mixed performance across asset classes. Equities: The S&P 500 experienced a turbulent session, ultimately closing lower, while the Dow Jones Industrial Average managed to snap its six-day losing streak with a modest gain. Tech stocks, represented by the NASDAQ Composite, also saw a slight decline. Treasury Yields: Powell's pointing to the need for more confidence to cut rates provoked an observable spike in Treasury yields. The 2-year Treasury yield also exceeded 5% briefly for the first time since November in a signal the market was assuming a long period of steady rates. Corporate Earnings: Corporate earnings reports reflected a sort of mishmash among the market volatility. Shares of UnitedHealth Group were high after the company reassured investors that it would stick to its 2024 forecast, despite possible losses from a cyberattack. Shares of Morgan Stanley were lifted by strong investment banking performance and sales, while Bank of America slipped on valuation worries. Johnson & Johnson's stock fell on revenue numbers that disappointed against expectations. Tech and Energy Sectors: For sure, bearish sentiments and product delays, which were never in proportion with investor confidence, had in fact resulted in a pull-down of the market cap for Tesla Inc below $500 billion. Live Nation Entertainment shares suffered a considerable fall in their value following the reports on the possibility of antitrust litigation's. European and Asian Markets: European markets were set for a rebound after Powell's comments had eased concerns about a hawkish stance from the U.S. central bank on inflationary pressures. The Asian stock benchmarks, however, had mixed results that pointed to caution pervading the markets over uncertainties. Forex and Bonds: The dollar was mixed in Asian trading following higher Treasury yields and Powell's stance on rates. Energy and Metals: Oil prices continued to selloff as traders eyed geopolitical developments, and gold was steady in the face of inflation worries, safe-haven buying given the rise in Middle East tensions. In a word, the world has been roiled by equity reactions to shifting expectations after Powell's statement on interest rates. Meanwhile, Treasury yields are leaping, and currencies have also been reacting to the shifting expectations in a mixed performance. The wider market backdrop displays concerns by investors amid lingering geopolitical issues and inflationary pressures, underscoring that central bank communications continue being the name of the game for influencing prevailing views.

The Fed's outlook on possible interest rate cuts has changed in the wake of Powell and strategist Blake Gwinn suggesting a longer time frame before any moves. The comments point to somewhat guarded monetary policy when taken in conjunction with recent inflation data. On Tuesday, Powell said that reaching the Fed's 2% inflation target could take "longer than expected" and signaled he was not eager to jump into rate cuts. Those comments would step back from prior pledges to make adjustments if the hotter-than-expected inflation prints materialized. Strategist Blake Gwinn from RBC Capital Markets is echoing Powell's cautious tone, seeing the Fed now only cutting once in December from their previous forecast of three cuts. Gwinn points to a changing rhetoric from Fed members in which there is less focus on seeing spikes in inflation as transitory. And while Powell has refused to lay out any timeline of rate moves, the market's read has shifted: investors are now pricing the first cut in September, down from June, according to the CME FedWatch tool. That shift comes with concerns over both sustained inflationary forces and a strong labor market. The latest inflation data, inclusive of the Personal Consumption Expenditures Price Index (PCE), do not point at any improvement in the inflationary levels from the one that was seen last year. Powell cited a need to see much stronger evidence of sustained inflation running well above the Fed's 2% target before any policy moves. Powell stays cautious in signaling that the present rates, falling in the range of 5.25-5.5%, are somehow restrictive, thus containing inflation. Despite such hints, there still does not seem to appear any "us-versus-them" confrontation, and when asked about his reappointment or replacement, Powell says: However, the Fed stands ready to adjust policy, underscoring a commitment to returning inflation to 2% over time. Though much ambiguity loiters over the path of rate adjustments, the comments from Powell and the market sentiment give the impression of a policy wait of many months before any major policy changes. If anything, it has shown that the Fed is on guard for inflationary pressures and evolving economic data with a balanced approach to monetary policy.

Shares of Trump Media and Technology Group Corp. (DJT) saw a 1.5% uptick in premarket trading following the announcement of Truth Social's plan to launch a live TV streaming network. This development comes after a recent share offering disclosure led to an 18.4% decline in DJT stock, marking a significant rebound for the company. Truth Social, led by CEO Devin Nunes, revealed its completion of the research and development phase for its content-delivery network (CDN), aiming to provide a platform for high-quality news and entertainment content facing discrimination on other channels. Nunes emphasized the platform's commitment to hosting content that struggles to find an audience elsewhere due to unjust reasons. The launch of the CDN will occur in three phases: integration into the Truth Social app, standalone "over-the-top" streaming apps, and streaming apps for TV. The content will include live TV news, religious channels, family-friendly films, and documentaries, as well as content that has been marginalized or suppressed on other platforms. Despite recent selloffs, DJT stock has surged 52.1% year-to-date, outperforming the S&P 500 index.

Johnson & Johnson (JNJ) reported a 4.2% increase in the quarterly dividend that would be paid to $1.24 per share, marking confidence in their financial strength. The healthcare behemoth had been reporting strong profits into the first quarter of the year, although they slightly missed high expectations regarding sales. J&J reported in Q1 sales of $21.383 billion against analysts' earnings forecast, as net income of $5.354 billion or $2.71 per adjusted share. Sales ticked up by 2.3%, reaching $21.383 billion, but still falling slightly below the projected $21.390 billion. In particular, the growth was underpinned by the solid performance in the medtech division, up 4.5%, while for innovative medicine, it was up by 1.1%. Concurrently, it updated the full-year guidance, which it now expects to come in the range of $88.0 billion to $88.4 billion for sales and at $10.60 to $10.75 for adjusted EPS. This has increased the perception that J&J feels confident to easily navigate the changing market environment while maintaining their financial strength.

U.S. Stocks Mostly Lower as Housing Data Signal Growth Slowdown as investors digested new economic data pointing to a decline in home construction last month. Jeffrey Roach, chief economist at LPL Financial, said the decrease in housing starts points to a decay in pace of growth and speaks of a change in market sentiment. However, the Department of Housing and Urban Development and the Census Bureau both showed a huge 14.7% decline in building new homes in March, with building permits falling by 4.3%. Roach was emphatic that, after a very long run of scorching-hot activity in homebuilding, we're now finally beginning to see some signs of cooling off. This could eventually affect future economic growth. He further mentioned that residential investment is set to weigh against U.S. GDP in the quarters ahead. He went to point out that the stability of housing activity might involve the Federal Reserve through adjustments in rates, stating that the monetary policy played a very important role in affecting the trajectory of the housing market.

On Thursday, investors will receive another much-anticipated earnings report from Netflix Inc., with some analysts are overwhelmingly confident that the video streaming service firm will beat its earnings forecasts. The Los Gatos-based streaming giant is expected to announce that earnings went up 13.6% to $9.275 billion from last year's $8.16 billion. Market analysts, studying the data, have estimated its earnings per share (EPS) to touch $4.52, showing a buoyant growth phase for the company. Most analysts maintain their bullish view on Netflix, with an average rating by the analyst tending towards a "buy." Of 31 analysts polled on the subject, 29 were in favor of a "strong buy" or "buy" recommendation, while 15 suggested a "hold" position, and only one advised against investing. The mean earnings estimate over the last three months has seen an increase of just 0.5%—that's a clear signal of growing optimism in the company's financial performance at Netflix. Furthermore, the streaming giant comes with a Median 12-month Price Target from Wall Street at $638.00, reflecting an apparent upside from its closing value of $607.15. Also Read: What's Next for Netflix? Q1 Earnings Set to Reveal

In early hours of Asian business, there is a major drop of nearly 4%, taking it down to levels below $62,500, and this comes after tensions have been raised over the geopolitical and uncertainties of the market landscape. One key indicator that has changed from bullish to neutral is the BTI (Bitcoin Trend Indicator), which suggests a likely weakening in upward momentum. Starting from October 2023, BTI had a bullish run, based mostly on huge anticipation regarding spot Bitcoin exchange-traded funds (ETFs). However, the current events that took place have thrown serious doubts on the sustainability of the bullish run for this cryptocurrency. The impacts of the ETF on the price trajectory of Bitcoin have closely been watched by analysts, with others predicting that it will skyrocket in terms of price value shortly. The renowned crypto analyst Willy Woo has identified a bear market price level for BTC at $91,000 and a peak bull market price at a mind-boggling $650,000. The predictions come amidst a lot of enjoining and on-chain data analysis highlighting the potential that ETF adoption has in propelling Bitcoin to a never-before-seen price range. Meantime, Bitcoin whales—or big holders—have continued to pile up enormous volumes of BTC, even through market turbulence. On-chain data continues to show the growing trend of accumulation, again exemplifying heavy confidence for Bitcoin's future. To add on, the growing trend in the accumulation counterbalances the weak demand from investors for Bitcoin ETFs over the past few weeks and, hence, adds a nuanced sentiment to the market. This comes as trading volumes in Bitcoin remain strong, with about $16.2 billion being recorded for BTC spot ETFs on their weekly trading volumes. This strong activity stands testament to the interest and inflows in the cryptocurrency space from bigger players, despite the recent gyrations in prices. Bitcoin traders, in the meantime, get ready for the highly awaited Bitcoin halving event, due around the 20th of April. Prior halving events have, through history, been associated with substantial price hikes in that the reduction in supply of new coins reaching the market plays a key role in influencing prices positively. However, the more time passes since Bitcoin reached its previous all-time high, the more the likelihood of a similar result at this time is increasingly questioned. Post halving, market dynamics are expected to remain volatile as technical indicators, along with fundamental factors, will play a huge role in shaping the trajectory of Bitcoin. Certainly, during transient periods of variation where an investor's conviction gets tested, these long-term underpinnings of growing adoption, and now institutional interest, plus the crypto itself becoming part of the socioeconomic fabric, are the likely structures supporting the cryptocurrency in its rise over time. That requires quite a vigilant and agile approach from the investors, navigating through the market turbulence with their eyes on both technical signals and broader market trends.