Market Update

Bitcoin price is sharp

The cryptocurrency market has struggled to maintain its previous momentum with President Donald Trump’s tariff in the broader market, as all the three main indexes decreased sharply from its previous levels.

Among the cryptocurrencies, Bitcoin (BTCIt has achieved the largest larger successes, as its price has decreased sharply from its highest level ever. Bitcoin was about $ 77,750 on Tuesday night after declining to $ 74,000 the day before. It is understood that the recent decline is the result of tariff policies and organizational ambiguity in Trump.

However, Bitcoin still has a lot of capabilities, and the assembly is expected to resume as soon as the ongoing trade tensions will resume and the federal reserve begins with interest rate cuts.

It will be ideal Nafidia Company ((Nvda Free report), Robinhood Markets, Inc. ((Cabbot Free report), Interactive intermediaries, Inc. ((IBKR Free reportAnd to your wallet. Each of these stocks has strong growth potential for 2025 and has witnessed positive estimates reviews in the past forty.

Bitcoin decreased in customs tariffs

The total market value of the cryptocurrency has lost more than 32 % since Trump returned to the White House in January. A year away, Bitcoin has decreased by 17.2 % and 24 % since Trump’s second time in his post. The cryptocurrency was the highest ever at $ 106,533 on December 22.

This came despite the Trump administration’s transfer with its plan to create a strategic reserve for bitcoin, with the aim of integrating the cryptocurrency in the broader economic strategy of the country.

This last decline comes amid fears of the economy sliding in the recession due to the comprehensive Trump tariff that was announced last week. Trump imposed a 10 % essential line on all trading partners in the United States. He also said that the additional definitions will be imposed on the largest perpetrators.

On Tuesday, Trump imposed an additional 50 % tariff on all Chinese imports in response to the announcement of the 34 % customs tariff for American imports. Trump initially pointed out that the customs tariff may be more targeted and adjustable, indicating that some countries may be exempt.

However, the definitions were a shock to investors, as $ 6.2 trillion of markets were eliminated in only two sessions after the announcement and the entry of the S&P 500 channel entering the bear area, while Dow lost more than 1,600 points on Friday to score the worst day since the beginning of the epidemic.

Bitcoin has a space for growth

Bitcoin had in 2024, when the last quarter proved that it was one of the best in recent times as inflation continued, prompting the federal reserve to reduce interest rates by 100 basis points in the total between September and December.

However, the Federal Reserve has since stopped more price cuts as inflation began to show signs of rise this year. The central bank follows a more cautious approach and is unlikely to go to reduce the next rate until the second half of the year.

In spite of this, Federal Reserve Chairman Jerome Powell said during the FOMC meeting in March that the Federal Reserve still expects price discounts in 2025. The high interest rates for a long time can have a negative impact on cryptocurrencies by reducing the investor’s interest in high -risk assets, often of the cost of displacement.

However, the digital origin is expected to resume its upward momentum once these pressures start. Historically, Bitcoin has reached its highest level ever almost every four years, and continued in a upscale pattern that started in 2017. In previous sessions, up to 2,300 % and 1700 %, followed by corrections of up to 70-80 %. After reaching the lowest level in about $ 16,000 in early 2023, Bitcoin has already increased more than 550 %, indicating strong potential for continuous growth in the future.

3 shares focus on bitcoin with the upward trend

Nafidia Company

Nafidia Company He is a major player in the semiconductor industry and was one of the prominent success stories of 2023. As a pioneering designer of the GPU processing units (GPU), the value of NVDA shares tends to increase the prosperous encryption market. This is primarily due to the decisive role that graphics processing units play in data centers, artificial intelligence, mining or the production of encrypted currencies.

The expected profit rate in NVIDIA for the current year is 47.5 %. Zacks’s consensus has improved 4.8 % in the past 60 days. Currently, NVIDIA has Zacks rank 2 (buy). You can see The full menu of Zacks #1 rank (buy buy strong) here.

RobinHood Markets

Robinhood Markets, Inc. It runs a platform for financial services in the United States. Its platform allows users to invest in stocks and boxes traded in exchange, options, gold and encrypted currencies. Buy Hood and sell Bitcoin, Ethereum, Dogecoin and other cryptocurrencies using the RobinHood encryption platform.

The expected profit growth rate for Robinhood Markets for the current year is 23.9 %. Zacks’s consensus has improved for this year 16.4 % over the past 60 days. Robinhood Markets currently has Zacks #2.

Interactive intermediaries, Inc.

Interactive intermediaries, Inc. It is a global automatic electronic mediator. IBKR is carried out, its operations and circulation in cryptocurrencies. The IBKR future trading office also provides customers with an opportunity to trade the encrypted currency futures.

The interactive brokers group has a expected profit growth rate of 1.3 % for the current year. Zacks’s consensus of this year’s profits has improved 1.3 % over the past 60 days. IBKR currently has Zacks #2.

https://staticx-tuner.zacks.com/images/articles/main/63/5033.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button