Bitcoin surpasses $100,000, driving up stock values for NVIDIA, BlackRock, Coinbase, and Shopify.
From Nasdaq: 2024-12-05 10:10:00
- Bitcoin has surged past $100,000, hitting a new all-time high, driven by expectations of a crypto-friendly regulatory environment under President-elect Donald Trump. Investing in Bitcoin-centric stocks like NVIDIA, BlackRock, Coinbase, and Shopify is recommended, as they have strong growth potential and positive earnings estimates.
- Bitcoin reached $102,570.49 on Wednesday, gaining over 6% in the last 24 hours and 133% year-to-date. Trump’s nomination of Paul Atkins to head the SEC and post-election euphoria have contributed to the rally. The Federal Reserve’s plans for rate cuts also support the positive outlook for cryptocurrencies.
- NVIDIA, a major player in the semiconductor industry, has seen its stock value surge due to its role in data centers and cryptocurrency mining. BlackRock and Coinbase Global are also benefiting from the crypto boom, with strong growth potential and positive earnings estimates. Shopify allows merchants to accept cryptocurrencies as payment.
- Want to double your investment in 2024? Check out these 5 stocks handpicked by Zacks experts for potential gains of +100% or more. Most of these stocks are under Wall Street radar, offering a great opportunity for investors to capitalize on the crypto market boom. Don’t miss out on these potential home runs.
Read more at Nasdaq: 4 Crypto-Focused Stocks to Grab as Bitcoin Roars Past $100,000