3 Crypto Stocks for Bitcoin Bulls to Buy Now
These companies offer an attractive way to gain exposure to cryptocurrencies through equities and could be poised for strong outperformance in the com…
This story originally appeared on MarketBeat
Although cryptocurrencies such as Bitcoin have taken investors on a wild ride in 2021, these intriguing digital assets continue to attract attention and have been recovering nicely from the large sell-off from earlier this year. Bitcoin, in particular, has been looking better in recent weeks as it rallied above the $40,000 mark and is close to reclaiming its 200-day moving average. This could lead to more upside for companies with bitcoin exposure, as they tend to trade in tandem with the price action of the leading cryptocurrencies.
While some traders might be hesitant to increase their exposure to cryptocurrencies at this time given the potential for crypto tax amendments in the upcoming U.S. infrastructure bill, the way that many of the most popular crypto stocks are performing in the market could help to ease those concerns. These companies offer an attractive way to gain exposure to cryptocurrencies through equities and could be poised for strong outperformance in the coming weeks.
That’s why we’ve put together a quick list of 3 crypto stocks for bitcoin bulls to buy now. Keep reading below to learn more.
Coinbase (NASDAQ:COIN)
CoinbaseSilvergate Capital Corp (NYSE:SI)
Silvergate CapitalSquare (NYSE: SQ)
SquareAlthough cryptocurrencies such as Bitcoin have taken investors on a wild ride in 2021, these intriguing digital assets continue to attract attention and have been recovering nicely from the large sell-off from earlier this year. Bitcoin, in particular, has been looking better in recent weeks as it rallied above the $40,000 mark and is close to reclaiming its 200-day moving average. This could lead to more upside for companies with bitcoin exposure, as they tend to trade in tandem with the price action of the leading cryptocurrencies.
While some traders might be hesitant to increase their exposure to cryptocurrencies at this time given the potential for crypto tax amendments in the upcoming U.S. infrastructure bill, the way that many of the most popular crypto stocks are performing in the market could help to ease those concerns. These companies offer an attractive way to gain exposure to cryptocurrencies through equities and could be poised for strong outperformance in the coming weeks.
That’s why we’ve put together a quick list of 3 crypto stocks for bitcoin bulls to buy now. Keep reading below to learn more.
Coinbase (NASDAQ:COIN)
CoinbaseSilvergate Capital Corp (NYSE:SI)
Silvergate CapitalSquare (NYSE: SQ)
SquareThe rest of this article is locked.
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