tl;dr
```html Just when bitcoin (BTC-USD) was approaching its record high after Monday's breakout, the cryptocurrency on Tuesday pared optimism and retreated back to below the psychological threshold of $70K. The largest digital token by market cap slid 4.2% to $68.7K at 3:28 p.m. ET, after reaching as hi...
```html Just when bitcoin (BTC-USD) was approaching its record high after Monday's breakout, the cryptocurrency on Tuesday pared optimism and retreated back to below the psychological threshold of $70K. The largest digital token by market cap slid 4.2% to $68.7K at 3:28 p.m. ET, after reaching as high as $72.5K in the previous session. The slump rippled through the crypto market, with ether (ETH-USD) falling 5.3% to $3.5K, solana (SOL-USD) -3.2%, cardano (ADA-USD) -2% and dogecoin (DOGE-USD) -7.2%. Amid the market weakness, some $248M worth of leveraged derivatives stakes had been liquidated across all cryptos in the past 24 hours, according to CoinGlass data. Market participants are bracing for the bitcoin (BTC-USD) halving event due later this month, one of several catalysts that Ripple CEO Brad Garlinghouse believes will drive up the wider crypto market value to $5T by the end of 2024 from the current $2.58T. Crypto-related stocks also saw some selling pressure: MicroStrategy (MSTR) -5.6%, Coinbase Global (COIN) -4.8%, Galaxy Digital (OTCPK:BRPHF) -18.1%, Riot Platforms (RIOT) -1%, Bit Digital (BTBT) -4.2%. ```
More about MicroStrategy Incorporated
MicroStrategy Incorporated Summary
MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.
Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 24,417,096,000
Current Price: $54.43
Dividend Yield: None
52-week Low: $26.44
52-week High: $36.3
Price/Earnings Ratio: 0.865
Shares Outstanding: 496,261,000
Market Cap (intraday): 1,144.25
Beta: -0.775
Volatility: -0.061
More about Coinbase Global Inc
Coinbase Global Inc Summary Coinbase Global Inc
Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy. The company is headquartered in Wilmington, Delaware.
Industry
Finance, Finance Services
Market Cap
$61,966,680,000
Stock Price
$710.47
Dividend
None
P/E Ratio
12.41
EPS
0.0324
Volume
2,926,556,000
52-Week High
$211.36
52-Week Low
$3.27
Beta
0.494
More about Riot Blockchain Inc
Riot Blockchain Inc Summary Riot Blockchain Inc Summary
Riot Blockchain, Inc. focuses on cryptocurrency mining operations in North America. The company is headquartered in Castle Rock, Colorado.
Industry
Industry: Life Sciences
Subindustry: In Vitro & In Vivo Diagnostic Substances
Financials
Market Cap: $2.548 billion
PE Ratio: N/A
EPS: -0.28
EBITDA: $1.604 billion
Profit Margin: -0.176
Revenue: $280.678 million
Debt to Equity: 19.96
Current Ratio: 2.333
Quick Ratio: 0.31
More about Bit Digital Inc
Bit Digital Inc
Bit Digital, Inc. is in the bitcoin mining business. The company is headquartered in New York, New York.
Industry: FINANCE
Sector: FINANCE SERVICES
Market Cap: 277.105M
Dividend Yield: None
Beta (5Y Monthly): -0.16
Price to Sales Ratio (TTM): 0.513
Price to Book (MRQ): -0.309
Shares Outstanding: 44.916M
EPS (TTM): 5.08
PE Ratio (TTM): 0
Forward PE Ratio: 1.064
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