From Nasdaq.:

Bitcoin soared past the $57,000 mark for the first time in over two years, with a 32% year-to-date surge driven by investor demand through ETFs. The recent approval of 11 spot Bitcoin ETFs by the SEC in January has been a game-changer for cryptocurrencies, setting the stage for future growth.

NVIDIA’s stock value has surged due to its significant role in the semiconductor industry, particularly in data centers, AI, and cryptocurrency mining. The company’s expected earnings growth rate for the current year is 63.4%, with a Zacks Rank #1. NVIDIA stands to benefit from the thriving crypto market in 2024.

Coinbase Global, Inc. plays a vital role in supporting the global cryptocurrency economy by offering financial infrastructure and technology. With a Zacks Rank of #1 and an expected earnings growth rate of 173% for next year, Coinbase has seen a remarkable improvement in its current-year earnings estimate over the last 60 days.

CME Group offers options for buying/selling cryptocurrency futures contracts, including Bitcoin and Ethereum options, providing exposure to the crypto market. CME Group’s expected earnings growth rate for the current year is 2.8%, with a Zacks Rank #2. The company facilitates trading in cash-settled standard and micro-futures contracts.

BlackRock, Inc., a major investment manager, ventured into the Bitcoin ETF race in June 2023, signaling broader acceptance of cryptocurrencies in traditional finance. With an expected earnings growth rate of 4.9% for the current year and a Zacks Rank #2, BlackRock’s foray into cryptocurrencies aligns with the growing trend of institutional adoption.



Read more at Nasdaq.: 4 Solid Stocks to Bet on As Bitcoin Rallies Past $57,000