Coin Gabbar Token

<ul><li>After the 6.4% US CPI, Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital (MARA), and other stocks rose.</li><li>US annual inflation fell to 6.4% in January from 6.2%. It&#39;s lowest since October 2021.</li></ul><h2 id="header-0">Following the US CPI of 6.4%, shares of Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital (MARA), and other companies have started to rise.</h2><p>Shares of cryptocurrency companies with Nasdaq listings like Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital (MARA), and others have started to surge after the U.S. <a href="https://www.coingabbar.com/en/crypto-currency-news/cryptocurrency-prices-rebound-following-us-cpi-data" rel="noopener noreferrer nofollow">consumer price index</a> (CPI) data for January came in at 6.4%.</p><p>Due to the recent crackdown on the cryptocurrency sector by American officials like the SEC and NYDFS, Coinbase&#39;s (COIN) price plunged over 25%. On Monday, COIN&#39;s price fell 1.21% to close at 56.40. However, during pre-market trade, the shares are up 3% at 58.01.</p><p>The shares of Tesla and Coinbase are continually being purchased by Cathie Wood&#39;s Ark Invest. The prices of Tesla and Coinbase shares increased in January as a result of significant Cathie Wood buying.</p><p>The price of MicroStrategy (MSTR) decreased by nearly 12% over the past week as well. However, at Monday&#39;s market close, the MSTR shares increase by more than 2% to close at 249.25. During pre-market trading, the price of the shares is currently up approximately 2% at 254. In February, MicroStrategy announced its ninth straight quarterly loss, with Bitcoin impairment losses totaling $197.6 million in the fourth quarter of 2022.</p><p>In the meantime, after the CPI announcement, shares of Nasdaq-listed cryptocurrency mining companies like Marathon Digital (MARA), Riot Platforms, HIVE Blockchain, Bitfarms, and Hut 8 Mining are also trading higher.</p><h3 id="will-the-cryptocurrency-market-continue-to-rebound-like-microstrategy-shares">Will the cryptocurrency market continue to rebound like MicroStrategy shares?</h3><p>In January, the US annual inflation rate decreased from the anticipated 6.2% to 6.4%. Since October 2021, it has never been lower. Additionally, the CPI increased by 0.5% from December to January, the largest in three months, primarily as a result of increasing prices for housing, food, gasoline, and natural gas.</p><p>But the price of <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">bitcoin </a>has remained over $21.5K and is currently trading at $21,752, up almost 2% from a low of $21.4K. While in the last day, the price of Ethereum has increased by almost 3% to $1,545.</p>

US CPI Data Lifts MicroStrategy (MSTR) and Coinbase (COIN) Shares

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Інші статті, опубліковані 16 лют. 2023 р.

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