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Meme stock GME makes a comeback, BTC earnings are beaten again

May 15, 10:57
Meme stock GME makes a comeback, BTC earnings are beaten again

1. Bitcoin prices retreated after Monday's gains, hitting a low of $61,045 at midday on Tuesday, down 2.4% in 24 hours.
2. U.S. retail investors speculated on GameStop stocks, causing its price to surge 60% on Tuesday after rising 74% on Monday.
3. GameStop stocks have an annual return of 154%, exceeding Bitcoin's annual return of 129%.
4. Despite the rise in GameStop's stock price, market analysis believes that the current market trend is far from the level of retail inflows in 2021.
5. The U.S. producer price index (PPI) rose 0.5% in April, and inflation concerns continued to affect risk asset prices, which may cause interest rates to remain at higher levels for a longer period of time.

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