Bitcoin (BTC-USD) rallied in recent weeks on growing hopes for a Securities and Exchange Commissions approval of a spot Bitcoin ETF, but its momentum has started to cool even as bitcoin has risen about 172% over the last year. Yahoo Finance's Brad Smith breaks down the details, providing insights into the benefits of an ETF getting approved for investors. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Bitcoin (BTC-USD) rallied in recent weeks on growing hopes for a Securities and Exchange Commissions approval of a spot Bitcoin ETF, but its momentum has started to cool even as bitcoin has risen about 172% over the last year.
Yahoo Finance's Brad Smith breaks down the details, providing insights into the benefits of an ETF getting approved for investors.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Barrons.com
and other cryptocurrencies rose again Tuesday as anticipation continued to build that U.S. regulators will soon approve the first spot Bitcoin exchange-traded fund—a long-awaited catalyst that could provide cryptos with a major boost. The price of Bitcoin has gained 4% over the past 24 hours to $46,700, briefly breaching the $47,000 level on Monday for the first time since March 2022. Bitcoin—which had a blowout 2023—already has surged 10% so far this year amid expectations that the Securities and Exchange Commission will approve the first spot Bitcoin ETF, with a decision on a number of such funds likely this week.
The Wall Street Journal
Stocks are falling. Nvidia is still rising. The chip company's shares were recently up 0.4%, a day after setting [a new closing high](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-01-08-2024/card/nvidia-stock-rises-toward-fresh-record-high-iF6bnYfdxi6YILOVKjY9?mod=lctimeline_finance).
Reuters
Tesla has lowered driving-range estimates across its lineup of electric vehicles as a new U.S. government vehicle-testing regulation takes effect with the goal of ensuring that automakers accurately reflect real-world performance. Tesla has historically issued range estimates that overstate what its cars can deliver, prompting widespread complaints from customers, according to some automotive testing experts and a Reuters investigation last year. Reuters reported in July that the automaker, about a decade ago, rigged the algorithm that controls in-dash range estimates in Tesla vehicles to give rosy projections of how far owners can drive before needing to recharge.
SmartAsset
Imagine you have $50,000 to give to your daughter and her husband for a down payment on their new home. The question is, will you owe gift taxes because of your generous gesture? Despite popular framing, the federal gift and estate taxes only apply to very wealthy households. Unless you have approximately $13 million to […] The post I Want to Give My Daughter and Her Husband $50,000 For a Down Payment. Do I Have to Worry About the Gift Tax? appeared first on SmartReads by SmartAsset.
Bloomberg
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