Super Micro Computer's big stock split, Costco rises, and Bitcoin falls: Markets news roundup
Super Micro Computer (SMCI - 0.77%) is set to undergo a stock split after the market closes on Monday, aligning itself with other prominent AI-driven companies like Nvidia and Broadcom, which also executed stock splits earlier this year. Following the split, the stock will begin trading Tuesday at its adjusted—and substantially lower—price. Super Micro Computer’s 10-for-1 split means that, for each SMCI share an investor owns, they will receive an extra nine after the split is completed.
Crypto Prices Today: Bitcoin Continues Bleeding At $39K As AKT & BLUR Rise
The crypto market prices continued to dip today with major cryptocurrencies bleeding due to selling pressure from traders. Bitcoin (BTC), the largest crypto by market cap, fell below the $40,000 mark while some smaller altcoins outperformed the significant players in the domain.
Today’s crypto prices suggest notable lows for both Bitcoin and Ethereum (ETH). This comes after the hype around Spot Bitcoin ETFs began slacking off. However, crypto analysts deem the recent bearish trend as an opportunity to ‘buy the dip’ as they’re optimistic about the crypto arena’s long-term potential.
Major Crypto Prices Today
Bitcoin, the world’s oldest crypto, saw its price extending lower than the $39,000 level and rebounding thereafter. The Bitcoin price saw a 1.25% decline, settling at $39,637.47 at the time of writing on Wednesday, January 24. Whilst, it’s trading volume dipped by 1.99% to $30.19 billion in the last 24 hours. The digital currency boasted a market cap of $777.14 billion
Looking at other cryptocurrencies, the Ethereum price plummeted by 5.47% to $2,218.93 at press time. On the contrary, it recorded a 21.76% hike in its trade volume, reaching $16.59 billion. Moreover, Binance Coin (BNB) slipped by 4.85% to $295.80, while its 24-hour trade volume rose by 14.81% to $1.06 billion.
Furthermore, Solana experienced a 2% slump in price, settling at $84.05. On the contrary, it registered a 19.62% increase in trade volume to $3.14 billion. Whilst, XRP saw a 2.82% decline, reaching $0.5158, with a 25.92% hike in trading volume to $1.41 billion.
Meanwhile, Cardano’s price dipped by 3.72% to $0.4665. However, it witnessed a 26.13% increase in its 24-hour trading volume, reaching $557.39 million. Whilst, in the much-hyped m#eme coin market, Dogecoin retreated 3.29% lower to $0.07833 while its rival, Shiba Inu, plunged 8.35% and traded at $0.000008804.