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Accumulate Bitcoin for Long-Term Gains: 5 Stocks in Focus
CMECME Group(CME) ZACKS·2024-08-15 11:37

The cryptocurrency market suffered a severe blow in the first week of August. Bitcoin (BTC), the largest cryptocurrency globally, hit an all-time high of 73,750onMar14.However,thebroadermarketbloodbathlastweekalsosawcryptocurrenciessuffering.Consequently,Bitcoinfelltobelow73,750 on Mar 14. However, the broader market bloodbath last week also saw cryptocurrencies suffering. Consequently, Bitcoin fell to below 55,000. This year, Bitcoin gathered momentum after the Securities and Exchange Commission approved 11 spot Bitcoin exchange-traded funds (ETFs) in January. The ETFs represent a landmark in Bitcoin's journey, offering ...