Market Overview - The cryptocurrency market is recovering after a decline, with Bitcoin rebounding to a seven-week high of $118,481 after previously hitting an all-time high of $124,496 in July and losing nearly 15% of its gains in September [1][4][10] - Market volatility has been influenced by concerns over a shrinking labor market and a slowing economy, but this is expected to be temporary, with Bitcoin anticipated to resume its rally as economic clarity improves [2] Bitcoin Growth Potential - Experts suggest that Bitcoin could reach between $160,000 and $200,000 this year if demand remains strong, supported by a recent partial government shutdown that may inject additional liquidity into the markets [5] - The Federal Reserve's recent interest rate cut of 25 basis points and indications of further cuts are expected to positively impact Bitcoin's growth [6] Crypto-Centric Stocks - PayPal Holdings (PYPL): Expected earnings growth rate of 12.5% for the current year, with a Zacks Consensus Estimate improvement of 0.4% over the last 60 days, currently holding a Zacks Rank 2 [8][10] - Robinhood Markets, Inc. (HOOD): Anticipated earnings growth rate of 47.7% for the current year, with a Zacks Consensus Estimate increase of 5.9% in the past 60 days, currently holding a Zacks Rank 1 [10] - Interactive Brokers Group, Inc. (IBKR): Expected earnings growth rate of 11.4% for the current year, with a Zacks Consensus Estimate improvement of 2.1% over the last 60 days, currently holding a Zacks Rank 2 [12] - Visa Inc. (V): Expected earnings growth rate of 13.7% for the current year, with a Zacks Consensus Estimate increase of 0.1% over the last 60 days, currently holding a Zacks Rank 2 [14]
4 Crypto-Centric Stocks to Buy as Bitcoin Makes Steady Recovery
ZACKSยท2025-10-02 20:21