Bitcoin Surges 150% in 6 Months as Crypto Winter Thaws; Macy's Buyout Bid Boosts Retail Stocks
• Bitcoin has seen a major recovery since October, with the crypto winter finally ending. The coin is up 30% in the past week and 150% in the past 6 months.
• OPEC+ has decided to extend oil production cuts through June to support prices. The move was expected and likely priced in.
• An investor group has raised its buyout bid for Macy's to $24 per share, or $6.6 billion total. The stock jumped 16% on the news.
• The S&P 500 is enjoying a strong start to 2023 thanks to gains in AI stocks. Super Micro Computer and Deckers Outdoor will be added to the index.
• Bitcoin is nearing its all-time high ahead of its scheduled "halving" in April 2024, one of the most anticipated events in crypto.