Bitcoin took a substantial hit over the last few days.
In fact, since topping out at around $109,340, the digital currency now trades at $86,882. Most of that is thanks to tariffs on Mexico and Canada, which could create some headaches. That and fears of potential inflation and fewer interest rate cuts aren’t helping much.
But don’t let that chase you from cryptocurrencies. Instead, use the fear as an opportunity – especially with Bitcoin becoming as oversold as it is now.
While you can always invest directly in Bitcoin, there are other crypto-related stocks you can buy, such as mining stocks, like Riot Platforms (SYM: RIOT) and Marathon Digital (SYM: MARA). You can even pick up oversold shares of MicroStrategy (SYM: MSTR), which slipped from $325 to $249.
|
(SYM: BITO). With an expense ratio of 0.95%, the ETF tracks the performance of spot Bitcoin, and is the world’s largest and most actively traded cryptocurrency ETF, according to ProShares. BITO mimics the price of Bitcoin as closely as possible without investing in the cryptocurrency itself. As noted by Money, Thanks to this brand new Bitcoin ETF, you can now start collecting at 46% per year. And get this - Here's how...
Weiss Ratings Next Big Date for Nvidia: Feb. 26 And AI's undisputed leader recently made a massive pivot. Now, TODAY, Nvidia has its next quarterly earnings call. Roundhill Bitcoin Covered Call Strategy ETF (SYM: YBTC) Found this helpful? Share it with others. Written by Ian Cooper Our Flagship Publication Discover Great Companies Trading at a DiscountJoin Behind the Markets |
