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Bitcoin Bull Run May Lead to Stock Gains for COIN, SQ, NVDA
COINCoinbase(COIN) ZACKS·2024-07-16 19:45

Since Bitcoin (BTC) was launched in 2009, it has witnessed an unprecedented rise from a penny to a record high of 73,750onMarch14.TheBitcoinhalvingeventinApril,however,failedtojackupitsprice.Instead,thepriceofBTCfellbelow73,750 on March 14. The Bitcoin halving event in April, however, failed to jack up its price. Instead, the price of BTC fell below 60,000 and entered correction territory the following month. BTC recently defied the bearish trend and bounced back above 63,000.BTCjumped5.763,000. BTC jumped 5.7% on July 15 to trade as high as 63.768, per Dow Jones Market Data. The price of BTC may still be well below its all-ti ...