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Steve Sosnick, chief strategist at Interactive Brokers, said the speculative frenzy that swept bitcoin and crypto-related stocks in 2024 was unlikely to subside in the new year. "2024 was a year of speculation and in recent weeks has morphed into a self-fulfilling frenzy. While these trades have sometimes run into trouble, most recently after the Fed's December meeting, investors have been willing to buy the dip," Mr. Sosnick said. "When something has been used by a lot of people for a long time...

2024-12-23 22:12:30