Three Promising Crypto Stocks to Consider Amid Bitcoin’s Recovery

The article discusses the impact of recent economic factors on Bitcoin, which has seen a price drop due to investor fears following tariff announcements. However, with the temporary suspension of these tariffs, Bitcoin is showing signs of recovery. It highlights three cryptocurrency-related stocks: Interactive Brokers, NVIDIA Corporation, and Robinhood Markets, all of which are expected to see significant growth in the near term.

The cryptocurrency market has faced turbulence due to various factors affecting investor sentiment, notably Bitcoin’s recent decline. Falling below $74,000, concerns about a recession escalated after tariffs were announced by President Donald Trump. Fortunately, with the temporary halt of these tariffs, Bitcoin has shown signs of recovery, reaffirming its potential to bounce back despite being significantly below last year’s all-time high.

Investors now have an opportunity to purchase stocks related to cryptocurrencies, namely Interactive Brokers Group, NVIDIA Corporation, and Robinhood Markets. These stocks are poised for substantial growth by 2025, with positive earnings estimates noted in the past two months, making them attractive to investors seeking to capitalise on the current dip in the market.

Following the announcement of a temporary tariff suspension, Bitcoin began its ascent, recently trading above $85,750 and looking to surpass $90,000 soon. The unexpected decline in inflation, indicated by a 0.1% drop in the consumer price index for March, raises optimism regarding potential interest rate cuts by the Federal Reserve, which may ease pressure on cryptocurrencies.

Interactive Brokers Group operates as an electronic broker, executing trades in cryptocurrencies and futures trading. With an anticipated earnings growth of 2.1% for the current year, it has a solid Zacks Rank 2 (Buy). The earnings forecast has improved recently, reflecting positive market sentiment.

NVIDIA Corporation stands as a leader in semiconductor innovation, with its GPUs significantly influencing the cryptocurrency sector. The stock is expected to grow by 47.5% this year, buoyed by its essential role in data centres and cryptocurrency mining. Like Interactive Brokers, NVIDIA currently holds a Zacks Rank 2, illustrating robust market confidence.

Robinhood Markets provides a user-friendly platform for trading various assets, including cryptocurrencies. Its anticipated earnings growth this year stands at 16.5%, also supported by positive revisions in estimates over the past 60 days. Currently, Robinhood enjoys a Zacks Rank 2, indicating strong buy potential in the market.