Recently, I’ve been talking a lot about what sectors stocks are poised to benefit from Trump’s election win.
Since last Wednesday, I’ve continued to say that the opportunities will be everywhere for day trade and swing trade stocks alike!
I’ve already discussed the effects on Trump Media & Technology Group Corp (NASDAQ: DJT), Tesla Inc. (NASDAQ, and AI stocks…
Today, I want to talk about this…
And why is crypto, particularly Bitcoin, winning on Trump’s victory?
Because our new President-elect has promised to make the U.S. the “crypto capital of the world” and replace the SEC Chair Gary Gensler, who has been a Debbie Downer on cryptocurrency.
As of yesterday morning, Bitcoin had risen 30% since the election.
Not to brag, but I had always predicted this if Trump won the White House.
And I myself have been a Bitcoin bull. I knew its price couldn’t stay in the dumpster forever…a comeback was coming.
Bitcoin isn’t the only crypto that has been running since the election…
Solana, Dogecoin, and Ethereum are cryptocurrencies that also surged after the 5th. In fact, Dogecoin, was up higher than Bitcoin.
Oh and by the way, there’s a good reason Dogecoin has been on such a tear….Elon Musk is one of its biggest supporters.
And as Musk’s influence on Trump’s White House transition grows, so does the attractiveness of Dogecoin.
Is the price move based on the crypto’s fundamentals?
Nope…But I don’t think that’s a concern for any owners who just watched their Dogecoin reach its highest valuation in three years. They’re laughing all the way to the bank.
BTC Digital Ltd (NASDAQ: BTCT) is a Bitcoin sympathy stock that showed up on our Oracle scanner yesterday.
Lucky for us, the stock hit the Oracle entry signal before the stock spiked big, delivering a gain of 257.14%*.
As I said during yesterday’s Premarket Prep, BTCT is a day trade stock only. In my book, Bitcoin is the longer-term “real” crypto trade.
That said, if I see BTCT on Oracle again, it’s another potential trade!
If you’re not familiar with Oracle, you should be…I couldn’t trade without it.
Our proprietary algorithm scans the market every morning to gather critical data. It then generates a list of 15 to 20 stocks based on criteria such as price range, volatility, and premarket volume.
Along with that list, you get an entry signal (green for long, red for short), and an entry price so you know exactly when to trade the stock.
See Oracle in action for yourself!
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At this point, you might be wondering, “Should I, and if so, how can I trade cryptocurrency?”
Table of Contents
So What Exactly Is Cryptocurrency?
Cryptocurrency—often just called “crypto”—is digital money you can use to buy goods and services online.
Crypto transactions are tracked and secured, which helps keep them private and safe.
But for many people, crypto isn’t just about a currency you can use to buy and sell goods—it’s something that’s tradeable, much like stocks.
In fact, more people and companies are embracing crypto than ever before and making it a mainstream asset.
Companies like Tesla and Block Inc. (NYSE: SQ) have even added Bitcoin to their balance sheets.
And financial heavyweights like Fidelity and PayPal are building out crypto services.
The launch of a Bitcoin futures ETF in the U.S. this year marked another major milestone, making it easier for traditional investors to get exposure to the digital asset.
The Crypto Market
When we say “cryptocurrency,” we’re talking about all digital currencies that use cryptography—coding tech that ensures privacy, security, and sometimes even anonymity.
A critical feature of crypto is its decentralization, which means no central authority, like a bank, controls it.
Today’s crypto market is worth over $3 trillion—a huge number…
But remember, crypto is extremely volatile so that number fluctuates a lot. Look at the price changes of Bitcoin and others in just the last week!
Of the many altcoins on the market, only a few really stand out.
Top 5 Largest Cryptocurrencies
- Bitcoin (BTC)
Bitcoin is the original cryptocurrency, launched in 2009 by the mysterious Satoshi Nakamoto. Known as “digital gold,” Bitcoin’s appeal lies in its limited supply—there will only ever be 21 million BTC.
This scarcity has helped push its value sky-high over the years. Despite some wild swings, Bitcoin remains the leader in crypto, holding around 59.46% of the total market cap, far more than any of its competitors.
With companies and investors increasingly buying into Bitcoin, it’s likely to hold onto that top spot for a while.
- Ethereum (ETH)
Ethereum is a different beast than Bitcoin. Rather than focusing solely on being a digital currency, Ethereum serves as a powerful platform for decentralized applications (DApps) and “smart contracts” that run on its blockchain.
Its cryptocurrency, Ether (ETH), powers these transactions. This unique setup has made Ethereum the backbone for much of the innovation we see in the crypto world, from NFTs to decentralized finance (DeFi).
Ethereum is the second largest competitor by market share at 12.68%.
- Binance Coin (BNB)
Binance Coin was created by Binance, the world’s largest cryptocurrency exchange. Originally launched in 2017, BNB was designed to offer discounts to users trading on the Binance platform.
Binance Coin’s value has skyrocketed over the years, partly thanks to the exchange’s decision to burn (or reduce) its supply regularly (yes, they do that).
With a market cap of about $81 billion, BNB is solidifying itself as a staple in the crypto ecosystem.
- Cardano (ADA)
Cardano, created by Ethereum co-founder Charles Hoskinson, takes a scientific approach to blockchain technology.
It’s built on a series of peer-reviewed research papers and aims to be a highly scalable and secure platform for smart contracts and DApps.
Cardano’s cryptocurrency, ADA, has been on a massive run, up over 1,000% this year.
- Tether (USDT)
Tether is a bit different from the other players on this list. It’s a “stablecoin,” meaning it’s pegged to the U.S. dollar, which helps keep its value steady.
Tether’s appeal lies in its stability—it’s a way to hold value in crypto without the volatility.
While it doesn’t offer the same “to the moon” potential as other cryptos, it provides a stable alternative for people looking to trade or hold funds in a less risky way.
Trading Actual Cryptocurrencies
Crypto’s rise, led by Bitcoin and other top coins, has legitimized it in the eyes of many traders.
There are several ways you can get in on the action:
- 1. Through crypto exchanges
- By following blockchain startups
- 3. Tracking Initial Coin Offerings (ICOs) of new projects; Here’s a calendar of ICOs.
A More Accessible Alternative
With so much happening in crypto, there are lots of stocks that give traders the opportunity to play in the crypto sandbox.
Some companies build their business models around crypto or blockchain, while others incorporate crypto into their portfolios.
Here are the stocks of some companies that are part of the crypto ecosystem:
BTC Digital Ltd. (NASDAQ: BTCT):
BTC Digital Ltd., formerly Meten Holding Group Ltd., is a blockchain technology company headquartered in Shenzhen, China. The company focuses on cryptocurrency mining, particularly Bitcoin, and sells and rents mining machines.
In 2024, BTC Digital expanded its operations by acquiring mining facilities in Arkansas and North Carolina, aiming to enhance its capabilities and presence in the United States.
Keep in mind, as I said earlier, that I consider BTCT to be a day-trade stock only.
NVIDIA Corporation (NASDAQ: NVDA):
I talk about NVIDIA all the time and it’s one of my favorite swing trade ideas…
The company is a leader in high-performance graphics processing units (GPUs), which are essential for cryptocurrency mining.
While NVIDIA’s main business is gaming and data centers, crypto miners rely heavily on its GPUs, especially for mining coins like Ethereum.
Marathon Digital Holdings, Inc. (NASDAQ: MARA):
Marathon Digital is a major player in Bitcoin mining in North America. The company focuses on mining operations and is continually expanding its mining capabilities.
Be aware that stocks like MARA can be very sensitive to Bitcoin’s price because their revenue relies on profitable mining.
Riot Platforms, Inc. (NASDAQ: RIOT)
Riot is another major Bitcoin mining company based in the U.S. that operates large-scale mining facilities.
Like MARA, RIOT stock often tracks Bitcoin’s price, as the company’s profits depend on the cryptocurrency’s market value and mining profitability.
To trade crypto stocks and others successfully, you’ll need a great trading platform that offers charting, stock screening, technical indicators, and more.
My top pick is StocksToTrade. It covers all the bases, and I use it every day. It also has a selection of add-on alert services so you can stay ahead of the curve.
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My Final Thoughts…
Cryptocurrency is a fascinating and fast-growing space. Once dismissed as a passing fad, crypto now attracts significant interest from traders and investors alike.
Where the crypto market goes over the next five, ten, or fifteen years is anyone’s guess, but I think it’s set to go to the moon…especially as a Trump White House becomes our new reality.
So now’s a great time to educate yourself.
Understand why crypto matters and how it works. Use that knowledge to spot some massive opportunities.
And speaking of opportunities, to learn more about what’s out there for crypto and everything else, subscribe to my StocksToTrade Advisory service.
I have so much to share with my STA members, especially since last Tuesday!
Every STT Advisory subscriber gets a monthly newsletter with a list of my top picks, three weekly videos with my watchlists, bonus reports, and more.
Sign up for StocksToTrade Advisory right here!
Have a great day, everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade