Tuesday, 02 January 2024 12:17 GMT

Bernstein Highlights Crypto Stocks As Trump Tells Of New Market Highs


(MENAFN- Crypto Breaking) MicroStrategy Core Choice

Analyst Gautam Chhugani claims that MicroStrategy (NASDAQ: MSTR ) still holds the Bernstein crypto equity strategy even with disproportionate performance through 2025. MSTR traded around one hundred and fifty-eight dollars, with some short term gains and still lower on a one-month basis. In addition to equity signals, Bernstein believes that Bitcoin has already established a bottom due to weaknesses late in 2025 and will experience a gradual recovery through 2026, with a price target of $150,000.

Besides, the report mentioned Coinbase Global because of its diversified product range and growing sources of revenue as stablecoins gain increased use in fintech services like Block, Revolut, and PayPal. COIN traded close to $250, indicating short-term pressure and a positive year-over-year performance as infrastructure providers in crypto continue to gain momentum.

Circle Internet Group also ranked among the main beneficiaries of tokenisation and the infrastructure demand of stablecoins. CRCL was up on the list, trading close to eighty-three dollars with recent gains and positive year to date returns, even in the face of monthly losses. Notably, Robinhood Markets also featured on the list as a result of the constant trading history and growing tokenised offerings.

The HOOD was trading between one hundred and eighteen dollars, with volatility indicating fluctuations in the retail and crypto participation levels. But the general optimism was boosted when President Donald Trump said that U.S. markets were at all-time highs.
He credited the milestone to tariff policy, which boosted confidence as investors track the macro signals and the recovery of the crypto markets.

Crypto Investing Risk Warning
Crypto assets are highly volatile. Your capital is at risk. Don't invest unless you're prepared to lose all the money you invest.

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