From Nasdaq.: 2024-06-14 07:59:00

Cryptocurrencies, including Bitcoin, have been struggling recently after hitting all-time highs in March. Bitcoin is now trading below $70,000, with a recent low of $67,100 in June. Various factors such as the Bitcoin halving event and concerns over inflation and interest rates have contributed to this decline.

Despite the recent struggles, experts believe Bitcoin still has strong potential. Year to date, Bitcoin has gained 45.5% and many analysts expect the recent decline to be temporary. Four crypto-oriented stocks with strong potential for 2024 include NVIDIA Corporation (NVDA), Interactive Brokers Group, Inc. (IBKR), Robinhood Markets, Inc. (HOOD), and Coinbase Global, Inc. (COIN).

NVIDIA is a leader in visual computing technologies with expected earnings growth of 106.2%. IBKR executes cryptocurrency trades and offers futures trading. HOOD operates a financial services platform that allows users to invest in cryptocurrencies. COIN offers financial infrastructure and technology for the global cryptocurrency economy, with an expected earnings growth rate of more than 100%.

Read more at NASDAQ.: Bitcoin Poised to Resume Rally: 4 Solid Stocks to Buy