From Nasdaq, Inc.:

Bitcoin, the world’s most prominent cryptocurrency, surged past $45,000 on Jan 2, marking its highest level since April 2022. The Federal Reserve’s decision not to hike interest rates and the expectation of a Bitcoin ETF approval by the SEC have boosted investors’ sentiment.

Coinbase Global’s earnings growth rate for the current year is 92%, and it is expected to benefit from the positive trend in the cryptocurrency market. NVIDIA Corporation, a major player in the semiconductor industry, also experienced significant growth in 2023. PayPal and Block Inc. are also closely involved in the cryptocurrency market.

The approval of a Bitcoin ETF by the SEC is expected to significantly impact the cryptocurrency market. As the rally in the cryptocurrency market continues, Coinbase Global, NVIDIA Corporation, PayPal Holdings, and Block Inc. are emerging as stocks to watch, with growth projections and rankings to support their status on the market.



Read more: 4 Stocks to Watch as Bitcoin Rally Continues Into 2024