From Nasdaq.: 2024-07-04 07:51:00

The cryptocurrency market has seen a downturn, with Bitcoin’s price dropping to $58,600 from a high of $73,750.07 in March. The SEC approval of 11 Bitcoin ETFs in January led to a rally, with $14.41 billion in net inflows. The recent decline is temporary, as effects of the halving event persist.

Investors expect a rate cut in September, boosting the crypto market. Low interest rates benefit growth assets like technology stocks and cryptocurrencies. Companies like NVIDIA, Robinhood Markets, Interactive Brokers Group, and Coinbase Global are expected to perform well in 2024, with strong earnings growth rates.

Read more at Nasdaq, Inc.: 4 Bitcoin Stocks to Boost Your Portfolio Before the Next Rally