tl;dr
```html Bitcoin (BTC-USD) drove up markedly after soft reports on consumer inflation and retail sales bolstered expectations that the Federal Reserve could commence interest-rate cuts sooner this year. The world's largest digital token by market cap (BTC-USD) jumped 3.7% to $64K at 10:18 a.m. ET. Et...
```html Bitcoin (BTC-USD) drove up markedly after soft reports on consumer inflation and retail sales bolstered expectations that the Federal Reserve could commence interest-rate cuts sooner this year. The world's largest digital token by market cap (BTC-USD) jumped 3.7% to $64K at 10:18 a.m. ET. Ether (ETH-USD), too, advanced 2% to $2.95K. Galaxy Digital's (OTCPK:BRPHF) Mike Novogratz thinks the major tokens will continue to consolidate in relatively thin trading ranges. The U.S. Consumer Price Index did ease M/M in April, but there are certain categories within the inflation gauge that remain sticky, including shelter and services. April retail sales, meantime, flatlined from a month before after downwardly revised increases in the previous two months. The reports, nonetheless, spurred traders to marginally raise their bets on a July rate cut. The probability of a 25-basis-point cut increased to 28.3% on Wednesday from a 26.4% on Tuesday, according to the CME FedWatch tool. Now, markets are more confident that the first rate cut will take place in September. The stock and bond markets reacted positively to the economic data as well, with major stock indices moving up and bond yields tumbling. Crypto-related stocks mostly changed hands in the green: MicroStrategy (MSTR) 5.6%, Coinbase (COIN) 2.6%, Riot Platforms (RIOT) 1.1%, Marathon Digital (MARA) 1.7%, Bitfarms (BITF) 5.3%, Hut 8 (HUT) 5.5%. ```
More about MicroStrategy Incorporated
MicroStrategy Incorporated Analysis Summary
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: $22.1 billion
Dividend Yield: None
EPS: -10.64
PE Ratio: 32.62
ROE: -0.174
Volume: 489,592,000
Avg. Volume: 1,665,550
Beta: -0.775
Current Ratio: -0.055
More about Coinbase Global Inc
Company: Coinbase Global Inc
Description: Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy. The company is headquartered in Wilmington, Delaware.
Sector: Finance
Industry: Finance Services
Market Cap: 503.09B
Current Price: $40.17
Dividend Yield: None
P/E Ratio: 5.1
EPS: 15.83
Volatility (Week/Month/Year): 0.357
Volume: 3,777,835,000
52-Week Range: $258.75
Beta: 3.27
Price/Sales: 1.156
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
Sub-Industry: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
Standard Industry Code: 2824317000
Current Price: $23.29
Dividend Yield: None
Price/Earnings Ratio: 0.42
Price/Book Ratio: 1.448
Beta: 0.501
Market Cap: $286738000
EBITDA: $18.05
Profit Margin: 6.36%
Return on Equity: 8.3%
More about Marathon Digital Holdings Inc
Marathon Digital Holdings Inc Summary
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
Sector: PATENT OWNERS & LESSORS
Market Cap: $4,932,315,000
Current Price: $11.29
Dividend Yield: None
P/E Ratio: 1.6
EPS: 2.402
Beta: 0.956
Volume: 501,574,000
52-Week High: $23.56
52-Week Low: $0.764
50-Day Moving Average: $2.231
More about Bitfarms Ltd
Bitfarms Ltd Technical Analysis Summary Bitfarms Ltd (TECHNOLOGY - SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.)
Support Level: $4.45
Resistance Level: $0.71
RSI: 0.558 (Neutral)
MACD: -0.4 (Bearish)
Key Insights: The stock is currently at a support level of $4.45 with a neutral RSI of 0.558. The MACD is at -0.4, indicating a bearish trend. The resistance level is at $0.71.
Volume: 146,366,000
More about Hut 8 Corp. Common Stock
Technical Analysis: Hut 8 Corp. Common Stock
Hut 8 Corp. common stock in the finance services sector demonstrated a decrease of -0.78, closing at 13.95. The trading volume was 121,210,000, with a market cap of 736,175,000. The stock's price fluctuated within a range of 2.364 to 0.102, closing at 0.516 above its low at 2.616.
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