<body><div><p>The cryptocurrency market is staging a solid comeback, with Bitcoin (BTC) on track to hit $70,000 after falling below $60,000 last month. The Federal Reserve’s jumbo rate cut announcement in September amid the upcoming U.S. election has raised optimism surrounding riskier assets, especially tech stocks and cryptocurrencies.</p><p>Given this scenario, it would be ideal to invest in Bitcoin-centric stocks such as <b>Robinhood Markets, Inc.</b> HOOD, <b>NVIDIA Corporation</b> NVDA and <b>CME Group Inc.</b> CME that have strong growth potential in the near term.</p><h2>Bitcoin Rebounds From Recent Lows</h2><p>Bitcoin was trading at $67,249.66 on Thursday. The world’s most popular cryptocurrency had reached $68,376 on Wednesday. It is now well on track to hit new highs with optimism building around riskier assets following the Fed’s 50-basis-point rate cut last month and the looming U.S. Presidential election, which is less than a month away.</p><p>Also, increased global liquidity and China’s economic stimulus have been fueling the ongoing rally. Bitcoin last traded above $70,000 in July after reaching an all-time high of $73,750 on March 14. The cryptocurrency is now up 11% for the week, the largest reading since April and a 10-week high.</p><h2>Bitcoin-Related Stocks to Benefit</h2><p>The Federal Reserve has been maintaining a dovish stance since it announced its first rate cut in more than four years last month. Market participants are hopeful about two more 25 basis point interest rate cuts this year, which is likely to further boost the crypto rally.</p><p>Lower interest rates favor growth assets such as cryptocurrencies because they decrease the opportunity cost of holding non-yielding assets. In a low-interest-rate setting, investors often seek out assets that offer greater potential returns, even if they come with increased risks.</p><h2>3 Bitcoin-Related Stocks With Upside</h2><h2>Robinhood Markets</h2><p><b>Robinhood Markets</b> operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold, and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin and other cryptocurrencies using its Robinhood Crypto platform.</p><p>Robinhood Markets’ expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 38.2% over the past 90 days. Robinhood Markets currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here<b>.</b></p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3dUv8b_0wBEq16600" alt="https://img.particlenews.com/image.php?url=3dUv8b_0wBEq16600" width="620" height="405" ><figcaption>Image Source: Zacks Investment Research</figcaption></figure><h2>NVIDIA</h2><p><b>NVIDIA</b> is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, NVDA’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high-performance computing, gaming and virtual reality platforms.</p><p>NVIDIA has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.5% over the past 60 days. NVDA presently carries a Zacks Rank #2.</p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=358HZG_0wBEq16600" alt="https://img.particlenews.com/image.php?url=358HZG_0wBEq16600" width="620" height="421" ><figcaption>Image Source: Zacks Investment Research</figcaption></figure><h2>CME Group</h2><p><b>CME Group Inc.</b>’s options give the buyer of the call/put the right to buy/sell cryptocurrency futures contracts at a specific price at some future date. CME offers Bitcoin and ether options based on the exchange's cash-settled standard and micro-Bitcoin and Ethereum futures contracts.</p><p>CME Group’s expected earnings growth rate for the current year is 7.9%. The Zacks Consensus Estimate for current-year earnings has improved 3.2% over the last 90 days. CME presently has a Zacks Rank #2.</p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1DEpeD_0wBEq16600" alt="https://img.particlenews.com/image.php?url=1DEpeD_0wBEq16600" width="620" height="400" ><figcaption>Image Source: Zacks Investment Research</figcaption></figure><h2>Only $1 to See All Zacks' Buys and Sells</h2><p><i>We're not kidding.</i></p><p>Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.</p><p>Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like <i>Surprise Trader, Stocks Under $10, Technology Innovators,</i>and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.</p><p>See Stocks Now &gt;&gt;</p><p>To read this article on Zacks.com click here.</p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p></div></body>

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3 Bitcoin-Related Stocks to Gain From Crypto Rally

The cryptocurrency market is staging a solid comeback, with Bitcoin (BTC) on track to hit $70,000 after falling below $60,000 last month. The Federal Reserve’s jumbo rate cut announcement in September amid the upcoming U.S. election has raised optimism surrounding riskier assets, especially tech stocks and cryptocurrencies. Given this...