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Wall Street Breakfast

Bitcoin surpasses $65,000; Nikkei tops 40,000

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 4 March 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Bitcoin surges past $65,000 (0:30), Google could face antitrust claims (1:25), and Japan's Nikkei tops 40,000 (2:14).

Show Notes
Google could face some advertisers' antitrust claims, says US judge - report
Earnings week ahead: NIO, Costco, Target, JD.com, CrowdStrike, DocuSign and more
Toyota to invest $2.22 billion in Brazil

Episode transcripts seekingalpha.com/wsb

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Transcript

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0:00.0

Good morning. Today is Monday, March 4th. I'm your host for today,

0:13.2

Rina Sherbal filling in for Julie Morgan, who we all hope feels better soon.

0:17.8

Our top stories today. Bitcoin surges past $65,000,

0:22.9

Google could face antitrust claims,

0:24.8

and Japan's Nakea tops 40,000.

0:28.4

Bitcoin surge passed the $65,000 mark

0:31.1

during the early morning hours on Monday, edging closer to its all-time high of

0:35.0

69,000 set in November 2021.

0:38.6

Over the last 24 hours, the leading cryptocurrency has surged by over 6%, maintaining its upward momentum amidst renewed investor interest.

0:47.0

This surge has driven its market cap to a staggering 1.28 trillion.

0:52.0

The rise is likely fueled by the anticipation of strong demand for ETS at the beginning of the week.

0:57.0

The rally also triggered a surge in stocks linked to cryptocurrences, as several stocks witnessed significant gains in pre-market trading,

1:04.1

including Bit Digital by 10%, Clean Spark by 10%, Cypher Mining by 6.4%,

1:10.4

coin-based by 7.2, Riot Platforms by 5%, Marathon Digital by 7%, and Micro Strategy

1:17.8

just above that by 7.7%. On Friday a US judge ruled that Alphabet's Google should face advertisers' proposed class action

1:26.6

suit, alleging that the company monopolizes the ad exchange market reported Reuters.

1:31.9

However, the US District Judge dismissed other antitrust

1:35.2

claims which includes one aimed at ad buying tools used by big advertisers, the

1:39.5

report added. The US Justice Department filed a lawsuit against Google in January

1:43.8

2023 alleging that the company abused its dominance in digital

1:47.4

advertising. The agency requested the divestiture of the Google

1:50.9

Ad Manager Suite, including Google's Ad Exchange Adex.

...

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