MicroStrategy, Coinbase (COIN) Shares Turn Bullish After US CPI

NFT – http://aviator.binaryoptionsreview.ru/?qa=5453/introduction-cryptopunks-that-took-world-storm-zenledger. MicroStrategy (MSTR) And Coinbase (COIN) Shares Turn Bullish After US CPI Data.

Shares of Coinbase (COIN), cryptocurrency MicroStrategy (MSTR), Marathon Digital (MARA), and others have turned bullish after the US CPI of 6.4%.

2 days ago Updated 2 days ago.

Shares of Nasdaq-listed crypto companies including Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital (MARA), and interest NFT projects others have turned bullish as the U.S. consumer price index (CPI) data for January came in at 6.4%.

Coinbase (COIN) price fell over 25% in the last week amid the U.S. regulators such as the SEC and NYDFS’ crackdown against the crypto market. COIN price ended 1.21% down at 56.40 on Monday. However, cryptocurrency the shares are trading up 3% at 58.11 during pre-market hours.

Cathie Wood’s Ark Invest keeps on buying Coinbase and Tesla shares from low. Significant buying from Cathie Wood led Coinbase and NFT Tesla shares prices to rally in January.

MicroStrategy (MSTR) price also fell over 12% in the last week. However, the MSTR shares jump over 2% to end at 249.25 at market close on Monday. The shares price is again trading higher in pre-market hours, up nearly 2% at 254. MicroStrategy reported its eighth consecutive quarterly loss this February, with impairment losses on Bitcoin were $197.6 million during the fourth quarter of 2022.

Meanwhile, Nasdaq-listed crypto mining stocks such as Marathon Digital (MARA), Riot Platforms, HIVE Blockchain, Bitfarms, and Hut 8 Mining are also trading higher after the CPI release.