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The long-awaited FED rate cut affected all markets, and the crypto sector was no exception.
Bitcoin-related companies have gotten a noticeable boost, and the biggest of these gains have come from the largest of them. Investors have particularly high expectations for Robinhood, Interactive Brokers Group, NVIDIA, and BlackRock.
Given that this should not be the last interest rate cut of the year, Zacks’ earnings estimates for the last 60 days have improved 38.2% for Robinhood, 4.5% for NVIDIA, 0.7% for Interactive Brokers Group, and 0.3% for BlackRock.
Expect more detailed numbers to follow.
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