Bitcoin surpasses $100,000 with positive outlook, benefiting NVIDIA, BlackRock, Coinbase, and Shopify

From Nasdaq: 2024-12-06 05:00:00

Bitcoin soared past $100,000 as President-elect Trump’s pro-crypto stance and potential SEC head nomination fueled optimism. Stocks like NVIDIA, BlackRock, Coinbase, and Shopify are gaining with positive earnings estimates and Zacks Rank #1 and 2. Federal Reserve’s gradual rate cuts also support crypto market growth. Experts see Bitcoin’s potential beyond $100,000.

NVIDIA, a key player in semiconductors, benefits from a thriving crypto market with expected earnings growth over 100%. BlackRock, the world’s largest investment manager, shows potential with a 14.6% expected earnings growth rate. Coinbase Global offers financial infrastructure for cryptocurrencies while Shopify allows crypto payments, both with strong growth prospects. Shop now stocks selected by Zacks for potential early price pops.



Read more at Nasdaq: The Zacks Analyst Blog Highlights NVIDIA, BlackRock, Coinbase Global and Shopify