To The Moon

Crypto-related stocks and funds rallied on Monday after bitcoin briefly rose above $50,000 for the first time since December 2021, as demand for recently launched spot bitcoin ETFs remains robust.The largest cryptocurrency has risen 13% over the past seven days, according to CoinDesk data. It has climbed 11% so far this year, building on a more than 150% gain in 2023. However, bitcoin is still down roughly 28% from its all-time high of $68,990, reached in November 2021.Meanwhile, crypto exchange Coinbase's shares ended 3.7% higher to $147.31, while MicroStrategy's shares finished up 11% at $717.52. Crypto miner Riot Platforms's stock finished 9.4% higher at $15.92, and Marathon Digital Holdings's shares ended 14.2% higher at $27.28. Ebang International Holdings's shares rose 7.9% to $11.11.Meanwhile, some investors are also seeking bitcoin as a potential safe haven amid geopolitical uncertainty, Connors said in an interview.Connors is now eyeing a range of $60,000 to $65,000 for

Pagaya Technologies stock gapped up 17.3% in Thursday morning trading after Jefferies initiated coverage on the Israeli fintech company with a Buy rating, as its "powerful network effect and product flywheel have positioned the company for ongoing success." The company is set to capture more market share through " increased penetration of current clients, ongoing additions of lending platforms, continued market share aggregation, and increased conversion rates," analyst John Hecht wrote in a note. Based on 2022 markets sizes, he noted, Pagaya captures less than 1% of the total addressable market for personal, auto, credit card and single-family rental markets. Hecht's Buy rating diverges from the SA Quant system rating of Hold and agrees with the average sell-side analyst rating of Buy. More on Pagaya Technologies Pagaya's 2024 Outlook: Stability And Mid-20s% CAGR Expected Pagaya Technologies: Facing A Promising 2024 Pagaya Technologies: Huge Upside Potential For This AI Stock