tl;dr
Bitcoin's price slid to as low as $70.1K on Thursday, a 4.2% drop from its record high of $73.6K the previous day, signaling selling pressure on major digital tokens like ether, cardano, xrp, and avalanche. The slide comes in the wake of hotter-than-expected price inflation and better-than-expected ...
Bitcoin's price slid to as low as $70.1K on Thursday, a 4.2% drop from its record high of $73.6K the previous day, signaling selling pressure on major digital tokens like ether, cardano, xrp, and avalanche. The slide comes in the wake of hotter-than-expected price inflation and better-than-expected jobless benefits, indicating the Federal Reserve may delay cutting interest rates. The negative impact rippled through U.S. equity indexes and led to a rise in Treasury yields. Crypto-linked stocks like MicroStrategy and Coinbase saw notable declines as well, with MicroStrategy aiming to raise $500M through a convertible debt offering to buy more bitcoin.
More about MicroStrategy Incorporated
MicroStrategy Incorporated is a technology company that provides global business analysis software and services. With a market capitalization of $27.04 billion, the stock is currently trading at $60.24. The stock has shown a 52-week range of $26.45 to $36.3, indicating a relatively stable performance. The Relative Strength Index (RSI) of 0.865 suggests that the stock is currently not overbought or oversold. However, the negative earnings per share of -0.775 and a negative change of -0.061 indicate potential financial challenges. Overall, the market sentiment towards MicroStrategy Incorporated appears neutral, with potential risks associated with the negative earnings per share.
More about Coinbase Global Inc
Key financial metrics for Coinbase Global Inc show a market capitalization of $62.41 billion and a stock price of $715.60. The company has a P/E ratio of 0.36 and a forward P/E ratio of 12.41. Its EPS stands at 0.0324 and a total volume of 2,926,556,000. The RSI indicates a value of 88.29, suggesting an overbought condition, while the Bollinger Bands show a width of 3.27, indicating potential volatility. The stock performance is currently showing bullish trends, with potential support and resistance levels at play. However, given the nature of the crypto market, there are uncertainties and risks associated with the analysis, and past performance may not accurately predict future performance.
More about Marathon Digital Holdings Inc
Marathon Digital Holdings Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. As of the latest financial data, the company has a market capitalization of $5,491,973,000 and a stock price of $19.36. The stock has shown a 1-year performance of 24.79%, with a low of $1.06 and a high of $2.108. The market sentiment appears to be bullish, with a strong performance over the past year. However, it's important to note that the cryptocurrency market is highly volatile and subject to regulatory changes, which poses potential risks and uncertainties for the company's future performance.
More about Riot Blockchain Inc
Riot Blockchain Inc is a company focused on cryptocurrency mining in North America. The company's stock performance has shown a decrease of 0.28, with a current stock price of 1.604. Market sentiment appears to be bearish, with a negative trend of -0.176. The company's market cap is 280678000, and the stock has a price-to-earnings ratio of 20.09. The overall sentiment is mixed, with potential risks associated with the cryptocurrency market and uncertainties in future performance.
More about CleanSpark Inc
CleanSpark Inc. provides energy software and control technology solutions worldwide. The company is headquartered in Woods Cross, Utah. The stock performance shows a 52-week low of -0.69 and a high of 1.639, with a current price of 0.381. Market sentiment appears neutral with a market cap of 214375000 and a price-to-earnings ratio of 17.84. The company operates in the real estate & construction sector and is categorized under blank checks. It's important to note that past market behavior is not always a reliable indicator of future performance, and potential risks or uncertainties should be considered.
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