Ultime notizie per B. Riley Financial (NASDAQ:RILY) Azioni

B. Riley Financial

B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional, and high-net-worth clients and also asset disposition, valuation and appraisal, and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications segment, and Consumer products segment.

B. Riley Financial Inc

B. Riley Financial, Inc. - 5.00% Senior Notes due 2026

B. Riley Financial, Inc. - 5.50% Senior Notes Due 2026

B. Riley Financial, Inc. - Depositary Shares, each representing a 1/1000th fractional interest in a share of Series B Cumulative Perpetual Preferred Stock

B. Riley Financial, Inc. - 6.375% Senior Notes due 2025

B. Riley Financial, Inc. - 6.50% Senior Notes Due 2026

B Riley Financial Inc 6.750% Sr Nt 05/31/2024

B. Riley Financial, Inc. - Depositary Shares, each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred Stock

B. Riley Financial, Inc. - 6.00% Senior Notes Due 2028

B. Riley Financial, Inc. - 5.25% Senior Notes due 2028

Charles Schwab Corp.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) incoming CEO, Rick Wurster has announced that the company is gearing up to offer spot cryptocurrency trading once the regulatory environment in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">U.S. becomes more favorable</a>.
What Happened: Wurster, currently serving as the firm's president, shared his thoughts in a Bloomberg Radio interview, highlighting the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">potential shift in regulations</a> under President-elect Donald Trump's administration.
"We will get into spot crypto when the regulatory environment changes," Wurster <a href="https://www.bloomberg.com/news/articles/2024-11-21/charles-schwab-eyes-spot-crypto-trading-once-regulations-change">said </a>Thursday. "We do anticipate that it will change, and we're preparing for that eventuality."
The competition for retail investors' attention has been intensifying since the pandemic, and this trend has only accelerated following the recent U.S. presidential election. 
Schwab, which has been active in the investment space for decades, faces stiff competition from newer players like Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Webull, as well as long-standing rivals such as Fidelity Investments and Interactive Brokers Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>).
All firms are vying to attract clients by rolling out new products, including those tied to cryptocurrency.
While Schwab currently offers crypto-linked exchange-traded funds (ETFs) and crypto futures, Wurster acknowledged the growing role of cryptocurrency in the retail investment landscape. 
"Crypto has certainly caught many people's attention, and they've made a lot of money doing it," he said.
However, he added with a touch of humor, "I have not bought crypto, and now I feel silly."
Although Wurster does not plan to invest in cryptocurrency personally, he expressed his support for Schwab clients who choose to do so. 
This stance aligns with Schwab's broader strategy of meeting client demands while navigating the evolving financial landscape.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114012/bitcoin-price-hitting-100000-in-november-polymarket-traders-speculate-it-might-go-even-higher">Bitcoin Price Hitting $100,000 In November? Polymarket Traders Speculate It Might Go Even Higher</a>
Why It Matters: Wurster's remarks come as Charles Schwab Corp. prepares for a leadership transition.
Current CEO Walt Bettinger, who has led the company since 2008, will step down at the start of next year as he approaches the firm's mandatory retirement age of 65.
Wurster, who joined Schwab in 2016 and has served as president since 2021, is set to take over the top role.
In addition to discussing cryptocurrency, Wurster emphasized the transformative role of artificial intelligence (AI) in wealth management. 
He noted that Schwab has implemented AI tools to enhance customer service efficiency significantly.
"Previously, about 60,000 times a month, our representatives would spend more than three minutes searching for information to answer client questions," Wurster said. "Now we have AI capabilities that retrieve that information in seconds."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42096519/bitcoin-to-reach-190000-this-cycle-michael-terpin-of-transform-group-says">Bitcoin To Reach $190,000 This Cycle, Michael Terpin Of Transform Ventures Says</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

HOOD

IBKR

SCHW

Charles Schwab Prepares For Spot Cryptocurrency Trading Under New Leadership

Keybanc analyst Steve Barger downgrades Timken (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>) from Overweight to Sector Weight.

Downgrades

Analyst Ratings

Keybanc Downgrades Timken to Sector Weight

Northland Capital Markets analyst Greg Gibas maintains PowerFleet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIOT#NASDAQ">AIOT</a>) with a Outperform and raises the price target from $8 to $10.

Price Target

AIOT

Northland Capital Markets Maintains Outperform on PowerFleet, Raises Price Target to $10

UBS analyst John Hodulik initiates coverage on Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Neutral rating and announces Price Target of $73.

Initiation

ROKU

UBS Initiates Coverage On Roku with Neutral Rating, Announces Price Target of $73

JMP Securities analyst Ronald Josey maintains Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) with a Market Outperform and raises the price target from $40 to $60.

LMND

JMP Securities Maintains Market Outperform on Lemonade, Raises Price Target to $60

Northland Capital Markets analyst Michael Latimore maintains Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) with a Outperform and raises the price target from $5.5 to $10.

DUOT

Northland Capital Markets Maintains Outperform on Duos Technologies Group, Raises Price Target to $10

Management

LyondellBasell Says Michael McMurray Will Retire As Executive Vice President And CFO; Agustin Izquierdo Named As Successor

Northland Capital Markets analyst Nehal Chokshi maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Market Perform and raises the price target from $108 to $120.

NTAP

Northland Capital Markets Maintains Market Perform on NetApp, Raises Price Target to $120

As of Nov. 22, 2024, two stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">TowneBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOWN#NASDAQ">TOWN</a>)</h3>
<ul>
<li>On Oct. 23, Towne Bank reported worse-than-expected third-quarter revenue. &#8220;Our third quarter results continued to deliver increased net interest income and noninterest income contributions from our diverse business model which were in line with expectations. We remain committed to prudent balance sheet management strategies. We were also excited to announce our partnership with Village Bank which will meaningfully enhance our Richmond presence, which is core to our franchise future growth. Lastly, the recently released FDIC Deposit Market Share Report for 2024 continues to demonstrate the strength of our Main Street banking model and core deposit franchise, resulting in the #1 market share, or 30%, in our legacy Virginia Beach-Norfolk-Newport News, VA-NC MSA,&#8221; said G. Robert Aston, Jr., Executive Chairman.</li>
<li>The company's stock gained around 32% over the past month and has a <a href="https://www.benzinga.com/quote/TOWN">52-week high of $36.67</a>.</li>
<li>RSI Value: 75.55&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>TOWN Price Action: Shares of TowneBank gained 1.2% to close at $35.31 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Wisdomtree Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WT#NYSE">WT</a>)</h3>
<ul>
<li>On Oct. 25, WisdomTree posted upbeat quarterly results. &#8220;Our strong third-quarter results demonstrate how we are capitalizing on key secular growth trends, such as the expansion of our models business and our leadership in tokenization. As demand for efficient portfolio solutions continues to grow, we are broadening our reach in the advisor space while positioning ourselves at the forefront of blockchain-enabled finance. Platforms like WisdomTree Prime&#xAE; and WisdomTree Connect&#x2122; are integral to our future growth strategy, offering innovative solutions that meet the evolving needs of both retail and institutional clients. We believe these initiatives will drive substantial long-term value for our stakeholders.&#8221;</li>
<li>The company's stock gained around 12% over the past month and <a href="https://www.benzinga.com/quote/FRPT">has a 52-week high</a> of $12.14.</li>
<li>RSI Value: 79.49</li>
<li>WT Price Action: Shares of Wisdomtree gained 2.3% to close at $12.00 on Thursday.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42131399/dow-surges-over-450-points-investor-sentiment-improves-fear-greed-index-moves-to-greed-zone">Dow Surges Over 450 Points As Nvidia Climbs Post-Earnings, Google, Amazon Slip: Fear Index Shifts To &#8216;Greed&#8217; Zone</a></li>
</ul>

Short Ideas

Pre-Market Outlook

Markets

Trading Ideas

TOWN

Top 2 Financials Stocks That May Fall Off A Cliff This Quarter

Seaport Global analyst Glenn Chin upgrades Sonic Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAH#NYSE">SAH</a>) from Neutral to Buy and announces $74 price target.

Upgrades

Seaport Global Upgrades Sonic Automotive to Buy, Announces $74 Price Target

Blue Bird Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLBD#NASDAQ">BLBD</a>) will release earnings results for its fourth quarter, after the <a href="https://www.benzinga.com/quote/BLBD/earnings">closing bell on Monday, Nov. 25.</a>
Analysts expect the Macon, Georgia-based bank to report quarterly earnings at 65 cents per share, down from 66 cents per share in the year-ago period. Blue Bird projects to report revenue of $343.95 million for the recent quarter, compared to $302.96 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Oct. 28, Blue Bird named Edward Hightower to its Board of Directors.
Blue Bird shares gained 2% to close at $40.08 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/BLBD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5804a545846faa000106aa10/gregory-lewis">BTIG analyst Gregory Lewis</a> initiated coverage on the stock with a Buy rating and a price target of $55 on Oct. 9. This analyst has an accuracy rate of 75%.</li>
<li>DA Davidson analyst Michael Shlisky maintained a Buy rating and raised the price target from $66 to $67 on Aug. 9. This analyst has an accuracy rate of 61%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58aed4dbb85e9300013bf4d5/eric-stine">Craig-Hallum analyst Eric Stine</a> maintained a Buy rating and increased the price target from $54 to $65 on May 24. This analyst has an accuracy rate of 60%.</li>
</ul>
Considering buying BLBD stock? Here&#8217;s what analysts think:
Read This Next: 
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<li><a href="https://www.benzinga.com/24/11/42114009/wall-streets-most-accurate-analysts-weigh-in-on-3-health-care-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Health Care Stocks With Over 5% Dividend Yields</a></li>
</ul>

Earnings

BLBD

Top Wall Street Forecasters Revamp Blue Bird Price Expectations Ahead Of Q4 Earnings

B of A Securities analyst Jason Zemansky maintains Kura Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KURA#NASDAQ">KURA</a>) with a Buy and lowers the price target from $36 to $29.

KURA

B of A Securities Maintains Buy on Kura Oncology, Lowers Price Target to $29

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">MSC Industrial Direct Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>)</h3>
<ul>
<li>Dividend Yield: 4.04%</li>
<li>Baird analyst David Manthey maintained a Neutral rating and raised the price target from $84 to $91 on Oct. 16. This analyst has an accuracy rate of 82%.</li>
<li>Loop Capital analyst Chris Dankert maintained a Hold rating and cut the price target from $80 to $75 on July 3. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On Oct. 24, MSC Industrial Direct Company reported fourth-quarter results. Net sales declined 8.0% year-over-year to $952.3 million, missing the consensus of $959.7 million..</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1">latest MSM news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="892" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074709/image-242.png" alt="" class="wp-image-660841" style="width:725px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074709/image-242.png 892w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074709/image-242-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074709/image-242-768x721.png 768w" sizes="(max-width: 892px) 100vw, 892px" /></a></figure>
<h3 class="wp-block-heading">Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>)</h3>
<ul>
<li>Dividend Yield: 3.74%</li>
<li>Morgan Stanley analyst Chris Snyder maintained an Equal-Weight rating and cut the price target from $107 to $98 on Oct. 30. This analyst has an accuracy rate of 74%.</li>
<li>Goldman Sachs analyst Joe Ritchie maintained a Neutral rating and raised the price target from $94 to $107 on Oct. 10. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Nov. 20, Stanley Black &amp; Decker issued a strategic update, reaffirming its FY24 earnings guidance of $3.90-$4.30 per share.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1">latest SWK news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074755/image-243.png" alt="" class="wp-image-660844" style="width:665px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074755/image-243.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074755/image-243-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074755/image-243-768x714.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
<h3 class="wp-block-heading">United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>)</h3>
<ul>
<li>Dividend Yield: 4.96%</li>
<li>Citigroup analyst Ariel Rosa maintained a Buy rating and cut the price target from $163 to $158 on Nov. 12. This analyst has an accuracy rate of 76%.</li>
<li>JP Morgan analyst Brian Osssenbeck maintained a Neutral rating and cut the price target from $140 to $139 on Oct. 25. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Oct. 24, United Parcel Service reported better-than-expected third-quarter financial results.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1">UPS stock</a>. </li>
</ul>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="481" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-1024x481.png" alt="" class="wp-image-660848" style="width:645px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-1024x481.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-300x141.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-768x361.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-1536x721.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244.png 1842w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42131399/dow-surges-over-450-points-investor-sentiment-improves-fear-greed-index-moves-to-greed-zone">Dow Surges Over 450 Points As Nvidia Climbs Post-Earnings, Google, Amazon Slip: Fear Index Shifts To &#8216;Greed&#8217; Zone</a></li>
</ul>

Dividends

Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields

JMP Securities analyst Patrick Walravens maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Market Outperform and raises the price target from $342 to $450.

JMP Securities Maintains Market Outperform on Salesforce, Raises Price Target to $450

B of A Securities analyst Koji Ikeda maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Neutral and raises the price target from $94 to $120.

ESTC

B of A Securities Maintains Neutral on Elastic, Raises Price Target to $120

FLEX

Flex Announced That Kevin S. Krumm Will Join The Company As Chief Financial Officer Effective January 6, He Will Succeed Jaime Martinez, Interim CFO

B of A Securities analyst Wamsi Mohan maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Underperform and raises the price target from $115 to $121.

B of A Securities Maintains Underperform on NetApp, Raises Price Target to $121

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rapidly approaches the $100,000 milestone, experts tell Benzinga its dominance is about to hit a <a href="https://www.benzinga.com/money/bitcoin-price-prediction">crucial turning point</a>. 
They attribute this rise to record-breaking trading volumes, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42042019/bitcoin-buyer-spree-microstrategy-acquires-4-6b-in-btc-metaplanet-issues-11-4m-in-bonds-to-fund-purchases">increasing institutional adoption</a> and a shift in investor focus toward <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121936/bitcoin-boom-20-microstrategy-gains-traction-as-a-leveraged-bet-on-crypto-growth">Bitcoin as a quality asset</a>.
What Happened: Bitcoin is trading just below $99,000 at the time of writing, after hitting a record high of $99,486 late Thursday, according to <a href="https://www.coingecko.com/en/coins/bitcoin">data </a>from CoinGecko.
In a note sent to Benzinga, Sumit Gupta, co-founder of CoinDCX pointed to the sharp increase in trading activity as a major driver, with daily spot trading volumes exceeding $25 billion and peaking above $40 billion, a significant rise from the $10-12 billion seen just months ago.
&#8220;The surge has been further fueled by developments in the U.S. political landscape. Digital assets have already benefitted from the incoming administration of President-elect (Donald) Trump, with many anticipating that his potential second term could bring more favorable regulatory policies for the crypto sector,&#8221; he said.
Speculation surrounding <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">the resignation</a> of SEC Chair Gary Gensler and the potential for more <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">crypto-friendly leadership</a> has further boosted investor sentiment, he added.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121525/microstrategy-surges-674-in-2024-5-etfs-that-benefit-from-mstrs-bitcoin-driven-growth">MicroStrategy Surges 674% In 2024: 5 ETFs That Benefit From MSTR&#8217;s Bitcoin-Driven Growth</a>
Avinash Shekhar, co-founder and CEO of Pi42, said Bitcoin now accounts for 58% of the total cryptocurrency market cap, which has surged to $3.2 trillion. 
"As we approach this critical milestone, the market's focus is shifting toward BTC as the dominant force," Shekhar added.
According to 10x Research, robust liquidity inflows remain a key factor driving Bitcoin's rise.
Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) and Circle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) minted $10 billion and $3 billion respectively in the past month, contributing to an overall minting impulse of $7 billion on a 7-day rolling basis.
"This relentless liquidity is a major driver of the crypto market's momentum," the firm noted. 
Analysts at 10x Research believe that Bitcoin could reach $115,000 by Christmas, with December's historical average return of +9.1% providing a strong basis for further gains. 
"Bitcoin's upward momentum could continue well beyond the $100,000 milestone," the report concluded.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121376/strategic-bitcoin-reserve-wouldnt-require-new-taxpayer-dollars-says-sen-cynthia-lummis">Strategic Bitcoin Reserve Wouldn&#8217;t Require New Taxpayer Dollars, Says Sen. Cynthia Lummis</a></li>
</ul>
Image: Shutterstock

$BTC

$USDC

$USDT

Bitcoin Nears $100,000, 'Momentum Could Continue Well Beyond The Milestone,' Experts Note

REPL: 26% &#x7C; <a href="https://www.benzinga.com//node/42124503">Replimune Group shares are trading higher after the company announced it received breakthrough therapy designation status for RP1 and will submit an RP1 biologics license application to the FDA under an accelerated approval pathway.</a>
&nbsp;
GAP: 16% &#x7C; <a href="https://www.benzinga.com//node/42123922">Gap shares are trading higher after the company reported better-than-expected Q3 EPS and sales.</a>
&nbsp;
KSCP: -38% &#x7C; <a href="https://www.benzinga.com//node/42125068">Knightscope shares are trading lower after the company announced a proposed public offering of Class A common stock and pre-funded warrants to address working capital needs.</a>

Movers

KSCP

REPL

Market-Moving News for November 22nd

JMP Securities analyst Patrick Walravens maintains DocuSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) with a Market Outperform and raises the price target from $84 to $108.

DOCU

JMP Securities Maintains Market Outperform on DocuSign, Raises Price Target to $108

B. Riley Financial expects additional impairment after Franchise Group bankruptcy

Pre-earnings options volume in B Riley Financial is 1.4x normal with puts leading calls 9:2. Implied volatility suggests the market is anticipating...

B Riley Financial options imply 6.8% move in share price post-earnings

B. Riley: FRG Bankruptcy Has No Impact On Ability To Address Short-Term Debt Obligations

Latest data shows the largest indicative borrow rate increases among liquid option names include: LASER PHOTONICS CORPORATION (LASE) 377.02% +111.8...

Largest borrow rate increases among liquid names

Pre-earnings options volume in B Riley Financial is normal with puts leading calls 7:4. Implied volatility suggests the market is anticipating a mo...

B Riley Financial options imply 4.0% move in share price post-earnings

B. Riley Q3 Results Update: Expect Short-Term Debt To Be Repaid In Due Course

B.Riley to record $235M gain on partnership deal for GA Group

B. Riley to record $235M gain on partnership deal for GA Group

Pre-earnings options volume in B Riley Financial is normal with puts leading calls 10:9. Implied volatility suggests the market is anticipating a m...

B Riley Financial options imply 7.4% move in share price post-earnings

The latest update is out from B Riley Financial ( ($RILY) ). B. Riley Financial and Oaktree Capital Management have launched a partnership in the G...

B Riley Financial Partners with Oaktree for Strategic Growth

BITO

LABD

LASE

MULN

NRDS

RELY

RILY

RILYG

RILYK

RILYL

RILYM

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Press Releases

B. Riley Securities Advances Capital Structure Advisory Efforts with New Senior Hire

Legal

RILY INVESTIGATION ALERT: Johnson Fistel LLP Investigates B. Riley Financial Directors and Officers for Breach of Fiduciary Duties

Johnson Fistel LLP Investigates B. Riley Financial Directors and Officers for Breach of Fiduciary Duties and Encourages Shareholders to Reach Out for Their Options

Real Estate

B. Riley Financial to Establish Partnership with Oaktree in the Great American Group Businesses

Small Cap

B. Riley Financial Declares Preferred Stock Dividends

B. Riley Financial Secures $236 Million in Cash Proceeds from Brands Assets

B. Riley Financial Provides Update on Wealth Management Business

Commodities

B. Riley Securities Announces Energy Convergence Conference on December 4th

The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. Riley

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares

AMTD IDEA

AtlasClear Holdings

BGC Group

Dominari Holdings

Freedom Holding

Garden Stage

Lazard

Lion Group Holding Ltd. - American Depositary Share

Lion Group Holding

Moelis

MDB Capital Holdings, LLC - Class A common

MDB Capital Holdings

Magic Empire Global Limited - Ordinary Shares

Magic Empire Glb

mF International Limited - Class A Ordinary Shares

mF International

Oppenheimer Holdings, Inc. Class A Common Stock (DE)

Oppenheimer Hldgs

Piper Sandler

PJT Partners

Perella Weinberg Partners - Class A Common Stock

Perella Weinberg

Siebert Finl

StoneX Group

UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares

UP Fintech Holding

TOP Financial Group Limited - Class A Ordinary Shares

TOP Finl Gr

Virtu Financial, Inc. - Class A Common Stock

Virtu Finl

Top KingWin Ltd - Class A Ordinary Shares

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