Previous close | 7.50 |
Open | 7.50 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 760.00 |
Expiry date | 2024-01-19 |
Day's range | 7.50 - 7.50 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Bitcoin has broken above $40,000 for the first time since May 2022 as it rides a wave of momentum on broad enthusiasm about U.S. interest rate cuts and as traders bet on the imminent approval of U.S. stock market-traded bitcoin funds. Its 50% rally since mid-October has "seemed to mark a decisive shift away from the bearishness of 2022 and early 2023," said Justin d'Anethan - head of business development for Asia-Pacific at Keyrock, a digital assets market making firm. Bitcoin is up by over 150% so far this year.
Novogratz said the approval of a spot Bitcoin ETF could drive billions to the crypto space.
YPF, ARGT, BITO, Coinbase and MicroStrategy are part of the Zacks Investment Ideas article.