Bitcoin Rises Amid Multibillion Dollar AI Data Center Rush, Trump Boost; Are These Crypto ETFs A Buy?

Blockhead12-13

The tide is turning in bitcoin's favor fast as bitcoin rises after clearing the $100,000 milestone for the first time. But not everyone has an appetite for digital coins because they can be very ...

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But not everyone has an appetite for digital coins because they can be very ...</p>\n\n<a href=\"https://www.investors.com/research/bitcoin-crypto-etfs-december-2024/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Rises Amid Multibillion Dollar AI Data Center Rush, Trump Boost; Are These Crypto ETFs A Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Rises Amid Multibillion Dollar AI Data Center Rush, Trump Boost; Are These Crypto ETFs A Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 02:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/bitcoin-crypto-etfs-december-2024/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The tide is turning in bitcoin's favor fast as bitcoin rises after clearing the $100,000 milestone for the first time. But not everyone has an appetite for digital coins because they can be very ...</p>\n\n<a href=\"https://www.investors.com/research/bitcoin-crypto-etfs-december-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUT","symbol_name":"Hut 8 Mining Corp","start_time":0,"source_url":"https://www.investors.com/research/bitcoin-crypto-etfs-december-2024/","article_id":"2491356754","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2021/04/Stock-bitcoincrypto-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491356754","pubTimestamp":1734028134,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"With crypto ETFs, you can trade through the regular U.S. exchanges, just like you would with a stock.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","HUT":"Hut 8 Mining Corp","NVD2.UK":"2X NVIDIA ETP","BLOK":"Amplify Transformational Data Sharing ETF","COIN":"Coinbase Global, Inc.","SNVD.UK":"LS -1X NVIDIA","NVD3.UK":"LS 3X NVIDIA","09439":"嘉实比特币-U","NVD":"GraniteShares 2x Short NVDA Daily ETF","3NVD.UK":"LS 3X NVIDIA","NVDS.UK":"LS -1X NVIDIA","NVDD":"Direxion Daily NVDA Bear 1X Shares","MSTR":"MicroStrategy","NVIW.SI":"NVDA 3xLongSG261006","09008":"博时比特币-U","LYY.SI":"中云集团","BITF":"Bitfarms Ltd.","FDN":"First Trust Dow Jones Internet I","NVDS":"Tradr 1.5X Short NVDA Daily ETF","03008":"博时比特币","CORZ":"Core Scientific, Inc.","NVDU":"Direxion Daily NVDA Bull 2X Shares","03439":"嘉实比特币","RIOT":"Riot Platforms","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","09042":"华夏比特币-U","DAPP":"VanEck Digital Transformation ETF","WGMI":"Valkyrie Bitcoin Miners ETF","BITO":"ProShares Bitcoin ETF","MARA":"MARA Holdings","03042":"华夏比特币","HIVE":"Hive Blockchain","BITQ":"Bitwise Crypto Industry Innovators ETF","2NVD.UK":"2X NVIDIA ETP","MSTR.AU":"MORNINGSTAR INTL SHARES ACT"},"translate_title":"比特币在数十亿美元的人工智能数据中心热潮中崛起，特朗普推动；这些加密ETF值得买入吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"HIVE":1,"WGMI":1,"RIOT":1,"MSTR.AU":1,"MSTR":1,"MARA":1,"LYY.SI":1,"HUT":1,"03008":1,"DAPP":1,"CORZ":1,"COIN":1,"BLOK":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"BITQ":1,"BITO":1,"BITF":1,"FDN":0.9,"NVDU":0.6,"SNVD.UK":0.6,"NVIW.SI":0.6,"NVDY":0.6,"NVDX":0.6,"NVDS.UK":0.6,"NVDS":0.6,"NVDD":0.6,"NVD3.UK":0.6,"NVD2.UK":0.6,"NVD":0.6,"2NVD.UK":0.6,"3NVD.UK":0.6},"content_text":"The tide is turning in bitcoin's favor fast as bitcoin rises after clearing the $100,000 milestone for the first time. But not everyone has an appetite for digital coins because they can be very volatile. Crypto exchange traded funds provide some advantages for these investors. So are crypto ETFs a buy now?\nPresident-elect Donald Trump's favorable attitude toward cryptocurrencies is also powering a rally among crypto ETFs.\nRecent remarks from Federal Reserve Chairman Jerome Powell are also fueling the run. Last Wednesday, the Fed chief noted that bitcoin competed with gold and not with the U.S. dollar.\n\n\n\n↑\nX\n\n\n\n\nThree Major Trends Set To Benefit Crypto And Bitcoin In 2024\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nThree Major Trends Set To Benefit Crypto And Bitcoin In 2024\n\n\n\n\nFurther, crypto-friendly lawyer Paul Atkins was nominated to lead the Securities and Exchange Commission by the Trump administration.\nOn Thursday, some crypto plays rallied amid reports that bitcoin miner Hut8 (HUT) has plans to build a $12 billion AI data center in Louisiana, possibly in partnership with Meta Platforms (META). The Facebook parent announced its plans to build its largest AI data center on Dec. 4. Hut8 stock jumped 10% on Thursday.\nETF Advantage Extended To Crypto ETFs\nRather than hold volatile crypto plays, crypto ETFs offer a way of holding several digital currencies and stocks related to those currencies such as Coinbase (COIN), Mara Holdings (MARA), MicroStrategy (MSTR) and Riot Platforms (RIOT).\nCrypto ETFs are different from ETFs that hold just stocks since they are affected by the prices of the underlying coins. Digital currencies also have to get some regulatory approvals, and those decisions can affect the ETFs that hold them.\nBut these ETFs are good ways to get around some risks that crypto assets have. They can be bought and sold like other ETFs and stocks and do not need a digital wallet or a crypto exchange.\nOn IBD MarketSurge, it is possible to see if the ETF has formed a proper base or has broken out of a base into a buy zone.\n\nSpot Bases And Buy Points With Pattern Recognition\n\nIn both cases, the ETF would be a buy. ETFs are also highly liquid, while some coins have limited supply.\nSpending a little time reading charts can improve tremendously the odds of making successful buys and selling at the right time.\n\nHow To Read Stock Charts\n\nUnderlying Price Is Key\nThe price of the underlying coin is a factor that can affect the performance of these ETFs. Bitcoin soared to $103,000 for the first time on Thursday.\nBitcoin's limited supply could also be a strong tailwind for ETFs exposed to bitcoin or bitcoin futures. However, there are some risk factors such as technology upgrades that affect the price of coins and that can affect crypto ETFs as well.\nCoins also have several uses that can affect their pricing. Bitcoin is seen as a store of value, whereas ethereum is known for its staking feature.\nAs in the case of stocks, the market is an important factor. Understanding the market direction is vital to assessing how much to invest now.\n\nHow Invested In The Stock Market Should You Be Right Now?\n\nEven a stock with strong earnings and forecasts can underperform when the market direction slopes down. On the other hand, a stock that has been trading above chart support levels may break out to new highs due to the momentum of an upward-trending market.\nRegardless of the recommended exposure to markets, investors should be cautious because cryptocurrencies are volatile assets and continue to have high risks.\nBest Crypto ETFs To Watch\nProShares Bitcoin ETF (BITO) was the first U.S. bitcoin-linked ETF and holds bitcoin futures contracts. Shares are near a cup with handle buy point of 26.86 and have retaken the 200-day moving average in high volume.\nBut its chart has some weak features. The 200-day moving average is above the 50-day moving average. In a truly bullish set up, the 50-day line is above the 200-day.\nIts Relative Strength Rating has improved to 86 from 19 in just three months. The best-possible score is 99.\n\nThe VanEck Crypto and Blockchain Innovators UCITS ETF (DAPP) holds shares of Hut8, MicroStrategy, Coinbase and Block (SQ). The ETF is in a profit zone from a buy point of 15.14. It is best to wait for the stock to form a new base or to pull back to a key moving average.\nThe Amplify Transformational Data Sharing ETF (BLOK) invests in blockchain companies. Its top holdings include Coinbase, Core Scientific (CORZ), MicroStrategy (MSTR) and CleanSpark (CLSK).\nThe ETF also has a diversified portfolio across several sectors. Software is its biggest holding though it also holds several stocks in capital markets, information technology and financial services.\nIt has gained over 35% since it gapped up on Nov. 6 and is way past a profit zone from a cup-with-handle buy point of 37.15.\nIt is best to wait and watch for a new base for this ETF.\nBitwise Crypto ETF Breaks Out\nBitwise Crypto Industry Innovators ETF (BITQ)  broke out on Oct. 29 but shares sold off before rebounding in November. That landed the stock above the 25% profit zone from a buy point of 16.58, according to IBD MarketSurge. But the stock has edged past that zone now.\nThe fund invests in MicroStrategy, Coinbase, Mara Digital Holdings, Riot Platforms and other prominent players in crypto assets.\nThe Valkyrie Bitcoin Miners ETF (WGMI) reversed lower after soaring as much as 28% from a buy point of 24.83. Shares still remain above a buy zone, so it is too extended to consider now.\nThe fund holds several companies with connections to bitcoin mining, such as CleanSpark, Bitfarms (BITF), and Hive Blockchain (HIVE). The ETF also holds a position in Nvidia (NVDA).\nPlease follow VRamakrishnan on X/Twitter for more news on the stock market today.\nYOU MAY ALSO LIKE:\nIs Nvidia A Buy?\nIBD Live: Learn And Analyze Growth Stocks With The Pros\nLearn How To Time The Market With IBD's ETF Market Strategy\nFind The Best Long-Term Investments With IBD Long-Term Leaders\nMarketSurge: Research, Charts, Data And Coaching All In One Place","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491356754"}