Bitcoin Witnesses Seesaw Trading in Early 2024: 5 Stocks in Focus (Revised)
From “NASDAQ”:
The cryptocurrency market saw a positive start to 2024, with the SEC approving rule changes for the creation of spot bitcoin ETFs, leading to the launch of 11 ETFs. Bitcoin’s price initially soared to $47,893.70 but has since fallen to $39,854.61, then rebounded 6% in the last seven days. The SEC’s decision will make crypto an integral part of mainstream finance, with the next Bitcoin halving expected to further drive up its value.
Major industry players like NVIDIA, CME Group, Coinbase, Robinhood, and Block Inc. are heavily involved in the crypto space. NVIDIA is experiencing growth, while CME offers Bitcoin and ether options. Coinbase provides financial infrastructure and technology for the crypto economy, while Robinhood allows users to invest in a variety of assets, including cryptocurrencies. Block is an online digital and mobile payment platform that allows users to buy, sell, and send Bitcoin and other cryptocurrencies.
The chart below shows the price performance of these five picks over the past three months, indicating their potential for growth and success in the crypto market.
Read more: Bitcoin Witnesses Seesaw Trading in Early 2024: 5 Stocks in Focus (Revised)