From Nasdaq, Inc.: 2024-05-07 11:10:00

Bitcoin has struggled recently but analysts are optimistic about its potential. Price currently above $64,000, with an all-time high of $73,750 in March. Comments from Federal Reserve Chairman boosted market confidence. Geopolitical tensions affecting price. With halving event over, Bitcoin expected to rally soon.

Top crypto stock picks for 2024 include NVIDIA (NVDA), Interactive Brokers (IBKR), Coinbase (COIN), and Robinhood Markets (HOOD). NVIDIA’s expected earnings growth rate is 84.7%, with a Zacks Rank #2. IBKR and COIN both have Zacks Rank #1 and strong expected earnings growth rates for the current and next year.

Market outlook remains positive for stocks in the lead-up to the presidential election. Historically, no matter the party in power, the market has been bullish. Key sectors to watch for extreme upside include medical, rental, energy, aerospace and defense, and giant chipmaker companies.

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Read more at Nasdaq Stock Market: Bitcoin Poised for Rebound: 4 Solid Crypto Stocks to Buy