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Crypto ETFs Surge as Bitcoin Tops $66K
Bitcoin and crypto assets rallied after China announced further economic support through monetary stimulus. Bitcoin's price rose to $66.265 at one point before retreating below $66,000. The ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD) rose 4.8% on the crypto surge. The Gabelli Commercial Aerospace and Defense ETF (GCAD), which holds nearly 8% Boeing stock, hovered near flatline. Boeing dipped 1.6% after announcing plans to cut about 10% of its workforce, or 17,000 individuals. The company also postponed delivery of its 77X wide-body place and forecast wider-than-expected third quarter losses amid ... (full story)
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- Posted: Oct 14, 2024 10:40pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 150
