From Nasdaq:

Bitcoin’s price surpasses $63,000 for the first time since November 2021, nearing its record high of $68,982.20. The surge is attributed to excitement over 10 approved Bitcoin ETFs and anticipation of the upcoming halving event. Federal Reserve’s dovish stance also contributes. Stocks like Nvidia and Coinbase are benefitting from the crypto surge.

Nvidia enters the crypto space with GPUs for mining, leading to a remarkable fiscal fourth quarter with a 765% increase in EPS and 265% revenue growth. The company’s expected earnings and revenue growth rates are also impressive. Coinbase, trading 50 digital assets, saw a substantial increase in net income and revenues in the fourth quarter.

Investors are urged to consider stocks like Nvidia and Coinbase to capitalize on the surge in Bitcoin’s price. Nvidia’s strong performance in the AI sector has propelled its stock, while Coinbase’s earnings and revenue growth outlook remain positive. Both companies hold a Zacks Rank #1 (Strong Buy) status.



Read more at Nasdaq: 2 Top-Ranked Crypto Stocks to Buy as Bitcoin Rockets Higher