From Nasdaq:

In 2023, the cryptocurrency market experienced a strong turnaround after a disappointing 2022. Bitcoin (BTC) saw a 157% increase in value last year, with other major cryptocurrencies like Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE) and BNB (BNB) also experiencing significant price hikes. The space is expected to remain strong in 2024.

The U.S. stock markets have been performing well following the December FOMC meeting, which indicated an end to the current interest rate hike cycle. This news bodes well for high-growth sectors like technology and cryptocurrency. Additionally, speculation surrounding the approval of a Bitcoin exchange-traded fund has raised investors’ optimism.

Institutional investors and the upcoming Bitcoin Halving in the first half of 2024 are expected to further impact the cryptocurrency market. The halving event historically leads to increased scarcity and drives up the value of Bitcoin due to reduced supply.

Investors looking to capitalize on the cryptocurrency market may want to consider key stocks. NVIDIA Corp. (NVDA), Coinbase Global Inc. (COIN), Block Inc. (SQ), Interactive Brokers Group Inc. (IBKR), and CME Group Inc. (CME) are five crypto-centric stocks with strong potential for 2024. Each of these stocks has its own unique opportunities and is showing strong expected earnings growth rates.



Read more: 5 Crypto-Centric Stocks to Watch in 2024 After a Solid 2023