Cryptocurrency Likely to Resume Rally: 4 Stocks Set to Gain
COINCoinbase(COIN) Zacks Investment Research·2024-05-13 21:55

The cryptocurrency rally in the first quarter that saw Bitcoin (BTC) hitting a new all-time high, has suddenly come to a halt. Bitcoin, which hit a record high of $73,750 on Mar 14, has declined sharply since then. In April, Bitcoin declined 3.9%, after gaining more than 67% in the first quarter. The decline can be attributed to a number of factors, most importantly the just-concluded halving event, which happens once in four years. Also, markets remained volatile in April as rising inflation reignited fear ...