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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
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Cantor Fitzgerald executive: MicroStrategy's stock price will pump about 20% to $613
Odaily Planet Daily News Cantor Fitzgerald's Director of Encryption and Digital Asset Research, Brett Knoblauch, believes that MicroStrategy's (MSTR) stock price will reach $613, meaning a pump of about 20% from the current price of $518. Knoblauch also believes that the surge in BTC after the US election is a factor driving the pump in MSTR's stock price. The expert also calculated that MicroStrategy can issue $6.7 billion of common stock, $2 billion of preferred stock, $18 billion of debt, and continue to increase its holdings of BTC to support his forecast. (Seek Alpha)