Is HIVE Digital Technologies Ltd. (HIVE) the Best Cryptocurrency Stock to Buy According to Wall Street? [Yahoo! Finance]
StoneX Group Inc. (SNEX)
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Source: Yahoo! Finance
where HIVE Digital Technologies Ltd. (NASDAQ:HIVE) stands against the other cryptocurrency stocks. Post Donald Trump's victory in the US presidential elections, the price of bitcoin rose above $80,000 for the first time ever. Other cryptocurrencies such as dogecoin which is the favorite coin of Elon Musk, a strong Trump supporter, are also posting gains, as reported by BBC. On November 12, Bitcoin neared a record $90,000. While Trump has revealed his plans to make America the crypto capital of the world, he has stated that he would be sacking the current chair of the Securities and Exchange Commission, Gary Gensler, who has led the SEC's crackdown on the crypto market. Gensler tried to regulate the market which he believed, was at least partially made up of securities trading illegally. Market analyst at StoneX Financial, Matt Simpson, emphasized that bitcoin prices could go as high as $100,000 in case the Trump administration deregulates crypto. Although Trump was once railing
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