Crypto-Linked Stocks Enter New Growth Phase
Traditional markets ride crypto wave with stocks like MSTR & COIN. Parallels with BTC trends, corrections indicate potential price bases. COIN and MSTR show leverage on crypto gains.
EdmundTraditional markets ride crypto wave with stocks like MSTR & COIN. Parallels with BTC trends, corrections indicate potential price bases. COIN and MSTR show leverage on crypto gains.
EdmundThe stock market showed positivity today, with the Nasdaq Composite gaining 112 points. Dow Jones Industrial Average rose by 0.45% to 37,695.73, NASDAQ increased by 0.75% to 14,969.65, and the S&P 500 marked a 0.57% gain, reaching 4,783.45. Individual stock highlights include Riot Blockchain (RIOT) -1.21%, Coinbase Global (COIN) -0.46%, NVIDIA Corporation (NVDA) +2.28%, MicroStrategy Incorporated (MSTR) -2.01%, and Tesla (TSLA) -0.43%. Factors influencing these stocks range from Bitcoin ETF approvals to regulatory developments and global market competition in the EV sector.
EdmundWhile 2024 poses uncertainties, Visa and Thermo Fisher emerge as solid choices, each presenting a unique value proposition. As always, prudent investors should assess their risk tolerance and consider a diversified approach in navigating the evolving economic landscape.
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CointelegraphThe effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research.
Cointelegraph