The cryptocurrency market has been struggling for the past month as multiple domestic and international factors continue to hold back investors’ sentiment. Bitcoin (BTC), in particular, has been a hit recently, with cryptocurrency falling below $74,000 last week on fears that the economy could plunge into a recession after President Donald Trump announced the sweeping fee.
But Bitcoin has regained some of the ground lost over the past week after Trump temporarily suspends tariffs, and cryptocurrency is on track to resume its northbound journey. That said, Bitcoin is still sharply below the all-time high that was achieved at the end of last year, making it an ideal time to buy a dip.
Interactive Brokers Group, Inc. IBKR, Nvidia Corporation NVDA, Robinhood Markets, Inc. I chose three strains, including Hood. Each of these has strong growth potential for 2025 and has seen positive revenue estimate revisions over the past 60 days.
Bitcoin began a new increase last week after Trump announced a 90-day suspension of tariffs. He had previously announced a 10% baseline tariff on all US trading partners and an astonishing 145% tariff on China’s imports.
Wall Street recorded one of its worst days since its announcement, with the index surged sharply, sweeping $6.2 trillion from the market in just two sessions. However, the market made a solid rebound just a day later, after Trump announced a temporary suspension. The Dow, S&P 500, and Nasdaq recorded one of the best days in Wall Street history.
Bitcoin has since resumed its rise, hovering over $85,750 on Monday night, and is on track above $90,000. Inflation also unexpectedly fell in March. The consumer price index fell 0.1% in the month of March, the first monthly decline since May 2020.
This hopes that the Federal Reserve will be able to resume interest rate cuts in the coming months. It could have a negative impact on cryptocurrency by attenuating investors’ profits in riskier assets, increasing the cost of holding non-haptic assets like Bitcoin, and strengthening the US dollar, which is considered the core of the crypto market.
Interactive Brokers Group, Inc. is a global automated electronic broker. IBKR runs, processes and trades in cryptocurrency. IBKR’s Commodities Futures Trading Desk also offers customers the opportunity to trade cryptocurrency futures.
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