Crypto market struggling with Bitcoin below $60,000, but lower interest rates may boost potential stocks

From Nasdaq

July 10, 2024 09:04:00 AM:

The cryptocurrency market is struggling, with Bitcoin trading below $60,000 after hitting an all-time high in March. Mt. Gox announced a total repayment of around $9 billion to creditors, causing Bitcoin’s price to drop to $53,513. However, lower interest rates are expected to boost the cryptocurrency market, making it an opportune time to buy Bitcoin. Ethereum, which experienced an all-time high in April, has also seen a decline alongside Bitcoin. The focus is on three promising crypto-oriented stocks for 2024: NVIDIA Corporation, Block Inc., and Coinbase Global, Inc. These companies have strong potential and are worth considering for investment, driven by their innovative technologies and growth prospects. Interactive Brokers Group, Inc., a global automated electronic broker, is also offering opportunities to trade cryptocurrencies in the current market landscape. Lower interest rates are expected to benefit growth-oriented assets, including cryptocurrencies and technology stocks, providing a boost to the overall market.

Read more at Nasdaq: 4 Solid Crypto Stocks to Buy Despite Bitcoin’s Recent Decline