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Bitcoin Price Retreats on Trade War Fears: 4 Stocks to Buy the Dip
HOODRobinhood(HOOD) ZACKS·2025-03-04 18:30

Cryptocurrency Market Overview - The cryptocurrency rally has halted, with Bitcoin (BTC) experiencing a sharp decline of over 15% due to a selloff triggered by fears of a trade war following President Trump's announcement of tariffs [1][2][4] - Bitcoin's price fell more than 10% on a specific Monday, dropping from an all-time high of 106,533toaround106,533 to around 85,500 [4] - The recent decline follows a period where Bitcoin was rangebound between 95,000and95,000 and 98,000, with the selloff occurring after an initial surge related to Trump's plans for a national strategic cryptocurrency reserve [5][6] Future Outlook for Bitcoin - Experts believe the decline in Bitcoin's price is temporary, with strong potential for recovery as ongoing concerns ease [2] - Bitcoin had a stellar performance in 2024, surging over 89.7%, and is predicted to reach $150,000 this year [9] - Historically, Bitcoin has reached record highs every four years, with previous cycles showing gains of 2,300% and 1,700% before corrections of 70% to 80% [9] Recommended Stocks - NVIDIA Corporation (NVDA): A major player in the semiconductor industry, NVIDIA's stock is expected to benefit from a thriving crypto market, with an expected earnings growth rate of 42.1% for the current year [10][11] - Interactive Brokers Group, Inc. (IBKR): This global automated electronic broker has an expected earnings growth rate of 6.1% and is involved in cryptocurrency trading [12] - Visa Inc. (V): Visa is modernizing cross-border money movement and expanding its stablecoin settlement capabilities, with an expected earnings growth rate of 12.4% [13][14] - Robinhood Markets, Inc. (HOOD): Robinhood allows users to invest in various cryptocurrencies and has an expected earnings growth rate of 38.5% [15][16]