With Bitcoin, the most prominent cryptocurrency, nearing the $100,000 mark, the market is experiencing a wave of investor confidence. This surge is linked to Donald Trump’s second term as president and his pro-crypto stance, including discussions about a national Bitcoin reserve.

Institutional adoption has elevated Bitcoin from a niche asset to a strategic financial instrument. Trump's pledge to position the U.S. as the "crypto capital of the planet" and create a regulatory environment supportive of digital assets has further fueled optimism.

Market experts predict Bitcoin will surpass $100,000 by year-end after hitting its all-time high of $73,770 in March. Although it dipped in Q2 and Q3, it rebounded strongly following the Federal Reserve’s 50-basis-point interest rate cut in September and Trump’s overwhelming election victory.

Bitcoin’s price has more than doubled in 2024, surging over 40% in the two weeks following Trump’s win. Over $4 billion has been invested in Bitcoin ETFs listed in the U.S., making investments in Bitcoin-focused stocks a wise choice with significant growth potential.

MicroStrategy (NASDAQ: MSTR)

MicroStrategy, founded in 1989 by Michael J. Saylor and Sanju Bansal, develops data analytics software for corporate decision-making and mobile application development. It has captured market attention this week by announcing plans to sell more debt and shares to acquire additional Bitcoin.

On Monday, the company disclosed its acquisition of 51,780 Bitcoins for approximately $4.6 billion at an average price of $88,627 per Bitcoin. Currently, MicroStrategy holds about 331,200 Bitcoins valued at approximately $31 billion at current prices.

MicroStrategy’s shares have outperformed Bitcoin this year, with a 700% rise compared to Bitcoin's doubling in value. Its strategy relies on leveraging its stock price to raise capital for Bitcoin purchases. By issuing new shares when the stock value exceeds the Bitcoin it holds, the company creates additional demand for Bitcoin, boosting its holdings’ value.

While this strategy is currently effective, it carries risks due to Bitcoin's volatility. A sudden drop in Bitcoin's value could lead to a stock price decline, halting MicroStrategy's buying spree and amplifying potential losses.

In the short term, investing in MicroStrategy appears risky due to Bitcoin’s volatility. However, in the long term, as Bitcoin continues to dominate the cryptocurrency space, MicroStrategy’s stock could see substantial growth.

Coinbase Global (NASDAQ: COIN)

Coinbase operates a leading cryptocurrency exchange with partnerships in over 100 countries. The stock saw a sharp rise on November 6 following Donald Trump’s election victory. However, it reported disappointing Q3 earnings on October 30, missing both revenue and profit expectations.

To strengthen shareholder confidence, Coinbase announced a $1 billion stock buyback program with no expiration date. Despite fluctuating quarterly earnings, market analysts project annual earnings of $5.42 per share for 2024, up from $0.37 per share in 2023, but expect a slight dip to $3.82 per share in 2025.

Marathon Digital Holdings (NASDAQ: MARA)

Marathon specializes in cryptocurrency mining, owning advanced facilities in the U.S. The company reported $131.65 million in revenue for the most recent quarter, a +34.5% year-over-year increase.

Marathon is issuing $850 million in convertible bonds due in 2030, with a 0% interest rate, and giving initial bond buyers an option to purchase an additional $150 million in securities. The company plans to use $199 million to refinance existing bonds and the remainder to purchase Bitcoin.

BlackRock Inc (NASDAQ: IBIT)

BlackRock, the world’s largest asset manager, launched its iShares Bitcoin Trust ETF earlier this year after the SEC approved spot Bitcoin ETFs. These funds mirror Bitcoin's performance by holding actual Bitcoin in reserve.

The iShares ETF offers investors a simplified way to gain exposure to Bitcoin, bypassing the complexities of direct ownership. The fund charges a fee of 0.12% until January 2025 or until assets reach $5 billion, at which point the fee doubles to 0.25%.

NVIDIA Corporation (NASDAQ: NVDA)

NVIDIA, a leader in GPU design, is integral to the booming crypto market due to its GPUs’ critical role in blockchain operations and cryptocurrency mining. The company was a standout performer in 2023, benefiting from increased demand in AI and data centers.

NVIDIA’s projected earnings growth exceeds 100% for 2024, with analysts raising their estimates by 1.4% over the past two months.

CME Group (NASDAQ: CME)

CME Group offers options on Bitcoin and Ethereum futures, allowing buyers to secure future transactions at predetermined prices. These cash-settled contracts provide exposure to cryptocurrency price movements.

CME has a projected earnings growth rate of 9.4% for the year, with analysts revising estimates upwards by 3.1% in the past 60 days.

Accenture plc (NASDAQ: ACN)

Accenture promotes Ethereum-based blockchain solutions to simplify corporate payment processes. As a global consulting firm, it integrates blockchain technologies into diverse industries to enhance efficiency and innovation.

Accenture’s earnings growth rate is expected to reach 6.9% this year, with analysts revising projections upward by 3.2% over the past 60 days.

Despite facing some negative pressures recently, the frequent stability of the GBPAUD price above the bullish channel’s support line at 1.9225 confirms keeping the previously suggested bullish track.

The price needs new positive momentum to manage to form strong bullish rally to target 1.9445 level first followed by attempting to surpass 1.9570 obstacle, while breaking the bullish channel’s support line and settling below it will cancel the bullish overview to force it to suffer many losses by crawling towards 1.9145 and 1.9060 levels.

The expected trading range for today is between 1.9230 and 1.9400

Trend forecast: Bullish

Natural gas price formed more bullish trades to settle near 3.570$ barrier, attempting to find a way to resume the bullish attack again, while stochastic exit from the overbought areas might force the price to provide temporary sideways fluctuation until gathering the additional positive momentum to ease the mission of achieving the breach and start targeting new positive stations by rallying towards 3.750$ and 4.030$ levels in the upcoming period.

The expected trading range for today is between 3.450$ and 3.750$

Trend forecast: Bullish

The EURJPY pair kept its stability above the bearish channel’s support line at 160.60, to motivate the price to form some bullish correction and attempt to cover some losses by rallying towards 161.70.

The correctional bullish rebound didn’t affect the main bearish track as 163.25 continues to form the major barrier, in addition to 38.2% Fibonacci correction level consolidation at 162.35, thus, we will keep waiting to gather the negative momentum again to manage to attack the bearish channel’s support line again, while confirming breaking it might extend trades towards the additional stations at 160.00 and 159.35.

The expected trading range for today is between 160.60 and 162.30

Trend forecast: Bearish