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4 Stocks to Watch as Bitcoin Gears Up to Surpass $100,000 Again
AccentureAccenture(US:ACN) ZACKSยท2025-04-23 14:30

Cryptocurrency Market Overview - The cryptocurrency market has shown signs of recovery, with Bitcoin (BTC) surpassing $93,000, marking a seven-week high [1][4] - The recent rally in Bitcoin is attributed to optimism surrounding potential easing of trade tensions, particularly after President Trump's comments on trade talks with China [2][4] Bitcoin Performance - Bitcoin experienced a significant increase of over 6% in the past 24 hours, stabilizing around $93,850 [4] - Despite the recent gains, Bitcoin remains significantly lower than its all-time high, suggesting a potential buying opportunity before further rallies [2][4] Economic Context - President Trump's tariff policies have previously led to a decline in Bitcoin's value, dropping below $74,000, but a recent announcement of a 90-day halt on tariffs has contributed to its recovery [6] - Inflation rates have declined, with the consumer price index falling 0.1% month-over-month, raising expectations for potential interest rate cuts by the Federal Reserve [7] Selected Stocks with Growth Potential - NVIDIA Corporation (NVDA): Expected earnings growth rate of 43.5% for the current year, with a 1.9% improvement in earnings estimates over the last 60 days [9] - Visa Inc. (V): Expected earnings growth rate of 12.4% for the current year, with a 0.9% improvement in earnings estimates over the last 90 days [11] - Accenture plc (ACN): Expected earnings growth rate of 8.2% for the current year, with a 0.1% improvement in earnings estimates over the last 90 days [12] - HIVE Blockchain Technologies Ltd. (HIVE): Expected earnings growth rate of 72.7% for the current year, with a substantial 34.8% improvement in earnings estimates over the last 90 days [13] Industry Developments - Visa is expanding its stablecoin settlement capabilities to the Solana blockchain, enhancing global transaction efficiency [10] - Accenture promotes Ethereum-based blockchain solutions to streamline payment processing for businesses [12] - HIVE Blockchain Technologies focuses on cryptocurrency mining and bridging crypto with traditional capital markets [13]