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Bitcoin exchange-traded funds (ETFs) have opened up the door to the masses who want exposure to the red-hot cryptocurrency without having to go through the extra steps of adding a wallet.
During the past five years, Nvidia (NVDA -2.84%) has been one of the hottest tech stocks on the planet. In that time period, Nvidia rose more than 2,000%.
What a turn of events it's been for Bitcoin (CRYPTO:BTC) holders over the past few days.
Over recent years, investors have sought safety within mega-cap tech stocks while searching for alpha within disruptive technology trends like artificial intelligence. Most investors can agree the AI theme has long-term growth potential, and the current market sell-off is a short-term hiccup.
This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.
Pre-market volatility driven by AI news impacts Bitcoin and stocks; leveraged traders are reducing exposure, leading to further crypto sell-offs. February is historically strong for Bitcoin, with a 90% win rate and a 14.4% average gain over the past decade. MicroStrategy's aggressive Bitcoin strategy and potential for increased institutionalization of Bitcoin are positive catalysts.
With President Trump resuming his second tenure in office and announcing the formation of a new SEC cryptocurrency task force, Crypto ETFs gain momentum.
Bitcoin has broken out to new highs above $100,000, and I believe its fixed supply and energy-intensive mining provide a price floor. Technical analysis shows BTC-USD is bullish with strong price action, momentum, volume, and relative strength outperforming the S&P 500. I also own shares in the Fidelity Wise Origin Bitcoin Fund ETF and iShares Bitcoin Trust ETF, both showing bullish characteristics.
The Investment Committee give you their top stocks to watch for the second half.
This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.