First Mover Americas: Bitcoin Drops to Under $58K After U.S. CPI Data
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Walmart boosts outlook for 2024 with bargains proving a powerful lure for the inflation weary
Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions who have struggled with rising costs for housing, groceries and almost everything else. Walmart Inc. reported earnings of $4.5 billion, or 56 cents per share, in the three months ended July 31. Adjusted per share earnings were 67 cents, or 2 cents better than Wall Street had expected, according to FactSet.
Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says
August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report said.
Accumulate Bitcoin for Long-Term Gains: 5 Stocks in Focus
Five Bitcoin-centric stocks in focus are: NVDA, COIN, SQ, IBKR, HOOD.
What Happened in Crypto Today: Meme Coin FOMO Is Hitting the Market Again? Market Analysis
From the US moving $600M in Bitcoin to TON going parabolic, here is a 4-minute breakdown of everything important that happened in crypto today.
Inflation data confirms the Fed's next question: How much to cut?
The latest inflation reading gives the Fed freedom to act, but that doesn't mean they know what to do.