From Nasdaq, Inc.:

The year started positively for the cryptocurrency market with the SEC approving rule changes for spot bitcoin ETFs. Following the news, the price of bitcoin spiked at 47,893.70 but fell sharply on Jan 22 to $39,854.61, regaining some value since then.

NVIDIA Corp. (NVDA), with an expected earnings growth rate of 63.1%, is pivotal in the semiconductor industry and crucial to the crypto market. CME Group Inc.’s (CME) options give the buyer the right to buy/sell cryptocurrency futures contracts and Coinbase Global Inc. (COIN) provides financial infrastructure and technology for the crypto economy. Robinhood Markets Inc. (HOOD) and Block Inc. (SQ) also impact the market.

Each company mentioned has expected earnings growth rates and Zacks Ranks relevant to investors’ interests. The impact of halving on the value of Bitcoin makes it important enough to be noticed by all parties.



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