Biotech remains a strong opportunity for 2021: Jefferies' Michael Yee
Michael Yee, Jefferies managing director, joins CNBC's "Closing Bell" to discuss the biotech sector's busy year, with companies such as Moderna racing to complete a Covid-19 vaccine and others looking for coronavirus treatments. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Bitcoin on Wednesday jumped to a record $28,599.99, after the digital currency almost quadrupled in value this year amid heightened interest from bigger investors.
The world’s most popular cryptocurrency was last up 2.3% at $28,012. It has surged by nearly half since breaking $20,000 for the first time on Dec. 16.
Bitcoin has increasingly seen demand from larger U.S. investors in particular, attracted by its perceived inflation-hedging qualities and potential for quick gains, as well as expectations it would become a mainstream payments method.
Investors said limited supply of bitcoin - produced by so-called “mining” computers that validate blocks of transactions by competing to solve mathematical puzzles - has helped power upward moves over recent days.
Many recent entrants to the market are holding onto positions, they said.
“The supply side to the bitcoin market will remain tight,” said Jacob Skaaning of crypto hedge fund ARK36.
The latest gains took bitcoin’s market capitalization past $518 billion, according to industry website CoinMarketCap.
Other major cryptocurrencies, which tend to move in tandem with bitcoin, were flat. Ethereum, the second biggest, was down 0.4%, on track for a 2020 gain of around 465%.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
Видео Biotech remains a strong opportunity for 2021: Jefferies' Michael Yee канала CNBC Television
Bitcoin on Wednesday jumped to a record $28,599.99, after the digital currency almost quadrupled in value this year amid heightened interest from bigger investors.
The world’s most popular cryptocurrency was last up 2.3% at $28,012. It has surged by nearly half since breaking $20,000 for the first time on Dec. 16.
Bitcoin has increasingly seen demand from larger U.S. investors in particular, attracted by its perceived inflation-hedging qualities and potential for quick gains, as well as expectations it would become a mainstream payments method.
Investors said limited supply of bitcoin - produced by so-called “mining” computers that validate blocks of transactions by competing to solve mathematical puzzles - has helped power upward moves over recent days.
Many recent entrants to the market are holding onto positions, they said.
“The supply side to the bitcoin market will remain tight,” said Jacob Skaaning of crypto hedge fund ARK36.
The latest gains took bitcoin’s market capitalization past $518 billion, according to industry website CoinMarketCap.
Other major cryptocurrencies, which tend to move in tandem with bitcoin, were flat. Ethereum, the second biggest, was down 0.4%, on track for a 2020 gain of around 465%.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
Видео Biotech remains a strong opportunity for 2021: Jefferies' Michael Yee канала CNBC Television
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
U.S. mid-caps are a great diversifier, says John Hancock's Emily RolandRetail investors are joining in on the 'Magnificent 7' hypeOpening Bell, November 4, 2022Nike: Here's why Oppenheimer upgraded the stockBreaking down shares of Hilton, Expedia and Match GroupNow is a time to own growth and sell some, says T. Rowe's Sebastien PageLockheed Martin sees record order volume in 2022 as earnings beat estimatesA renter's experience of the housing market really depends on where they are right now: Igor PopovCNBC's Investing Club on how to manage your portfolio so you stay diversifiedCDK cyberattack hits U.S. auto dealers for third day in a rowCompass CEO: Supply and demand indicators suggest a modest shift towards a homebuyer's marketClean Start: This clean-tech startup transforms carbon emissions into vodkaCalls of the Day: Palo Alto, Tesla and Freeport-McMoranAI trade is at a 'short-term, tactical top', says Cantor Fitzgerald's Eric JohnstonProlonged high rates will be 'corrosive' to economy, says Moody's Mark ZandiMoor Insights' Patrick Moorhead talks mega cap AI tradesChart Master: Is a REIT revival incoming?Trade Tracker: Jason Snipe sells FedexThe market is due for a pause, says Freedom Capital's Jay WoodsKeith Gill delivers his testimony at GameStop hearing: 'I like the stock'The generative AI market is in the second year of 3-5 year deployment cycle, says BofA’s Vivek Arya