From Nasdaq: 2024-04-26 08:20:00

The cryptocurrency market, after hitting record highs in the first quarter, has slowed down recently. Bitcoin hit an all-time high of $73,750 on Mar 14 but has since fallen to below $65,000, marking an 8.2% decrease in the past month. However, the year-to-date gain stands at 45.4%.

The recent slowdown is temporary, with two main factors driving it: geopolitical tensions in the Middle East and the ongoing Bitcoin halving event. Cryptocurrencies are highly responsive to global events, and the halving event historically increases Bitcoin’s value due to reduced supply.

NVIDIA Corporation (NVDA) and Coinbase Global, Inc. (COIN) are two leading companies in the cryptocurrency industry, expected to have strong growth in 2024. Both companies offer crucial services in the crypto space, driving their expected earnings growth rates. Interactive Brokers Group, Inc. (IBKR) and CleanSpark Inc. (CLSK) also show promising growth potential in the current year.

Read more at Nasdaq: Bitcoin Rally Poised to Resume: 5 Solid Stocks to Bet on