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Investors are looking forward to potential interest rate cuts at the Federal Reserve’s upcoming policy meeting, leading to a rebound in stocks and the cryptocurrency market. Bitcoin, which recently dipped below $85,000, has begun to recover, significantly impacting crypto-related stocks including Coinbase (COIN) and Strategy (MSTR).
As of now, Coinbase is trading 38% below its 52-week high of $444, while Strategy is nearly 60% down from $457. Despite macroeconomic challenges and potential volatility in cryptocurrency markets, Coinbase expects annual sales to exceed $8 billion in FY2025, while Strategy’s EPS projections have shown significant upward revisions, potentially reaching $78.04 for FY2025.
Both companies currently hold a Zacks Rank #3 (Hold) as they navigate broader market conditions and competition. Investors remain cautious, considering the impact of macroeconomic factors on Bitcoin and trading volumes.
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