tl;dr
Bitcoin (BTC-USD) saw a 2.6% increase to $62.9K at 11:23 a.m. ET, recovering from the May 10 selloff and the downward spiral since reaching an all-time high of over $73K in mid-March, partly due to falling transaction numbers. Ether (ETH-USD) edged up 0.7% to $2.95K. Traders anticipate one to two in...
Bitcoin (BTC-USD) saw a 2.6% increase to $62.9K at 11:23 a.m. ET, recovering from the May 10 selloff and the downward spiral since reaching an all-time high of over $73K in mid-March, partly due to falling transaction numbers. Ether (ETH-USD) edged up 0.7% to $2.95K. Traders anticipate one to two interest-rate cuts by the Federal Reserve by year-end, buoyed by signs of a weakening labor market since March's inflation data. This week, markets will analyze producer and consumer price gauges to gauge when the Fed might start rate cuts this year, with concerns about sticky inflation persisting. Crypto-related stocks posted intraday gains, with MicroStrategy (MSTR) up 5.4%, Coinbase Global (COIN) up 0.9%, Galaxy Digital (OTCPK:BRPHF) up 0.6%, Riot Platforms (RIOT) up 4.6%, Marathon Digital (MARA) up 2.7%, and Bakkt (BKKT) up 6%.
More about MicroStrategy Incorporated
MicroStrategy Incorporated Summary MicroStrategy Incorporated
MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.
Sector: TECHNOLOGY
Industry: SERVICES-PREPACKAGED SOFTWARE
Market Cap: $20.94B
Dividend Yield: N/A
Beta: -10.62
52-Week High: $32.62
52-Week Low: $-0.174
EBITDA: $489.59M
Price-to-Sales Ratio: 1665.55
Price-to-Book Ratio: -0.775
Profit Margin: -0.055
More about Coinbase Global Inc
Technical Analysis Summary: Coinbase Global Inc (COIN)
Company: Coinbase Global Inc
Industry: Finance, Finance Services
Market Cap: $49.34 billion
Current Price: $258.75
52-Week Range: $195.25 - $429.54
RSI (14): 39.4
Moving Averages: 5.1 (20-day), 15.83 (50-day), 0.357 (200-day)
Support Level: $248.75
Resistance Level: $268.75
More about Riot Blockchain Inc
Riot Blockchain Inc
Riot Blockchain, Inc., focuses on the cryptocurrency mining operation in North America. The company is headquartered in Castle Rock, Colorado.
Industry
LIFE SCIENCES, IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
Financial Information
Market Cap: 2656822000
P/E Ratio: 21.9
Dividend Yield: None
Beta: 0.42
EPS: 1.448
Profit Margin: 0.501
Revenue: 286738000
Operating Margin: 18.05
Return on Assets: 6.36
Return on Equity: 0.083
More about Marathon Digital Holdings Inc
Marathon Digital Holdings Inc Summary Company: Marathon Digital Holdings Inc
Description: 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. The company is headquartered in Las Vegas, Nevada.
Industry: Real Estate & Construction, Patent Owners & Lessors
Revenue: $4,683,925,000
Profit Margin: 10.72%
Dividend: None
Price to Earnings (P/E) Ratio: 1.6
Earnings per Share (EPS): $2.402
Return on Assets (ROA): 0.956
Market Cap: $501,574,000
Stock Price: $24.69
Debt to Equity: 0.764
Price to Book (P/B) Ratio: 2.231
More about Bakkt Holdings Inc
Stock Analysis: Bakkt Holdings Inc. (Ticker: None)
Industry: Technology, Services-Prepackaged Software
Market Cap: $61,199,000
Revenue: $780,136,000
Price Change: -0.096%
Price: $218.93
RSI (Relative Strength Index): 21.87
Moving Average: 12.48
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