Bitcoin, Ethereum, Dogecoin Dump Before FOMC Wednesday: Here's What They Did After Prior Meetings
Portfolio Pulse from Khyathi Dalal
Cryptocurrency markets have sold off ahead of the CPI data release, with major coins like Bitcoin, Ethereum, and Dogecoin experiencing significant declines. Bitcoin mining stocks such as Marathon Digital, Riot Platforms, and CleanSpark are also moving. Notable developments include predictions of Bitcoin's future value and Tether's investment plans.
June 11, 2024 | 8:18 pm
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NEGATIVE IMPACT
CleanSpark's stock is moving in response to the broader cryptocurrency market sell-off and upcoming CPI data release.
CleanSpark's stock is closely tied to Bitcoin prices, which have dropped significantly. The upcoming CPI data release adds uncertainty.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Marathon Digital's stock is moving in response to the broader cryptocurrency market sell-off and upcoming CPI data release.
Marathon Digital's stock is closely tied to Bitcoin prices, which have dropped significantly. The upcoming CPI data release adds uncertainty.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Riot Platforms' stock is affected by the cryptocurrency market downturn and the anticipation of the CPI data release.
Riot Platforms' stock performance is linked to Bitcoin prices, which have seen a significant drop. The upcoming CPI data release adds to market uncertainty.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80