The cryptocurrency market suffered in the first quarter of 2025 and struggled to rebound in April. The crypto market has been taking a hit as part of the broader market slump. However, the final days of April saw cryptocurrencies staging a rebound, with Bitcoin (BTC) back in the race to surpass $100,000.
Bitcoin price is still more than 10% lower than its all-time high attained in December 2024. However, experts believe that the cryptocurrency is on track to surpass $140,000 once global trade tensions ease and the Federal Reserve resumes its rate cuts.
Given this situation, it would be ideal to buy the dip. We have selected four stocks, namely NVIDIA Corporation NVDA, Visa Inc. V, HIVE Blockchain Technologies Ltd. HIVE and Accenture plc ACN. Each of these stocks has strong growth potential for 2025 and has seen positive earnings estimate revisions in the last 90 days.
Bitcoin’s rebound came as the broader market rebounded last week after President Donald Trump said that he is ready for trade negotiations with China, while the White House is already having trade talks with several nations. Trump’s comments gave the broader market a major boost. Cryptocurrencies also rallied. The momentum continued into this week, with Bitcoin surpassing $95,000 on Wednesday.
Trump’s tariff announcement triggered a major stock market selloff over the next few sessions, causing Bitcoin’s value to drop below $74,000. However, markets have rebounded since he announced a 90-day halt on tariffs earlier in April.
Market participants are also hopeful that the Federal Reserve could resume its rate cuts after inflation dipped in March for the first time since May 2020. Also, Trump has been pushing for rate cuts to bolster the economy.
The Commerce Department reported on Wednesday that the U.S. GDP shrank 0.3% in the first quarter, raising concerns among investors. However, investors still held their nerves as many believe that one of the major factors behind this is that consumers spent less and saved more after Trump announced reciprocal tariffs. However, the fears have eased substantially over the past few weeks, and the economy may have recovered in April.
NVIDIA Corporation is a major player in the semiconductor industry and has been one of the standout success stories of 2023. As a leading designer of graphic processing units (GPUs), the value of the NVDA stock tends to surge in a thriving crypto market. This is primarily due to the crucial role that GPUs play in data centers, artificial intelligence and the mining or production of cryptocurrencies.
