From Nasdaq: 2024-05-24 11:46:00

The cryptocurrency rally came to a halt in April after a strong first quarter, with Bitcoin hitting an all-time high of $73,750. However, Bitcoin has since dropped to around $68,000, a 15% decline from its peak. The market also saw a decline due to concerns over rising inflation and interest rates.

Federal Reserve minutes indicate a possible interest rate hike if inflation remains high. Recent economic data shows inflation slowing in April. U.S. GDP grew only 1.6% in Q1, and retail sales remained flat in April. These signs of a slowing economy have raised hopes for potential interest rate cuts.

Stocks like NVIDIA, Robinhood Markets, Coinbase, and Interactive Brokers Group are strong contenders in the crypto market. NVIDIA is a leading designer of GPUs and expects 89.2% earnings growth. Robinhood allows users to invest in cryptocurrencies and has seen an earnings growth rate of 198.4%. Coinbase provides financial infrastructure for the crypto economy and has an expected earnings growth rate over 100%. Interactive Brokers offers a chance to trade cryptocurrency futures and has a growth rate of 12.9%.

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Read more at Nasdaq.: 4 Solid Crypto Stocks to Bet on Ahead of Next Bitcoin Rally