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wall street today: US stocks drop as Powell doubles down on inflation fight

The real estate sector was the biggest decliner, with a drop of 0.8%. Investors still expect only one rate hike of 25 basis points in July by the US central bank for the rest of the year. Crypto firms including Coinbase, Marathon Digital and Bit Digital, rose 2.6% to 9% as bitcoin prices increased. Shares of Chinese electric vehicle leaders Li Auto, Nio and Xpeng rose after China announced $72.3bn worth of tax breaks for green vehicles.
Johannm Cherian Shubham Batra Cmegroup Fedwatch Stephen Culp Ankika Biswas Peter Cardillo

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Reviewing Bakkt (NYSE:BKKT) & Bit Digital (NASDAQ:BTBT)

Bakkt (NYSE:BKKT – Get Rating) and Bit Digital (NASDAQ:BTBT – Get Rating) are both small-cap business services companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, analyst recommendations, institutional ownership, earnings, dividends and risk. Valuation and Earnings This table compares Bakkt and Bit […]
United States New York Intercontinental Exchange Holdings Inc Digital Inc Bakkt Holdings Inc Get Rating

HC Wainwright Increases Bit Digital (NASDAQ:BTBT) Price Target to $4.00

Bit Digital (NASDAQ:BTBT – Get Rating) had its price objective lifted by stock analysts at HC Wainwright from $3.00 to $4.00 in a research note issued on Wednesday, The Fly reports. HC Wainwright’s target price would suggest a potential upside of 27.39% from the stock’s current price. Bit Digital Price Performance Shares of BTBT stock […]
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