Experts Predict Bullish Phase and Expansion into International Markets\n\nThe cryptocurrency industry has been experiencing a surge in investments, with bitcoin reaching new highs and other top cryptocurrencies also experiencing gains. This is largely attributed to the expectation of the U.S. Securities and Exchange Commission potentially approving the first spot cryptocurrency exchange-traded fund on a major U.S. Exchange. Global regulators are also cracking down on digital assets, targeting crypto exchanges and high-profile executives. Experts in the cryptocurrency space predict a new bullish phase, with bitcoin expected to reach record levels in 2024.\n\nAccording to Pascal Gauthier, CEO of Ledger, 2023 was a year to prepare for the upcoming bull run. Vijay Ayyar, vice president of international markets at CoinDCX, also shares this sentiment, stating that the recent ETF news could cause a massive upward run in the price of bitcoin. Additionally, Robinhood Markets, Inc. is expanding its cryptocurrency trading feature to the European Union, tapping into international markets for growth. This move follows the company’s recent announcement about launching stock trades for U.K. Customers, with a waitlist already open and promising yields of up to 5% on deposits.\n\nOn the other hand, there are still individuals who heavily criticize cryptocurrencies. Warren Buffett, CEO of Berkshire Hathaway Inc., has called bitcoin “rat poison squared,” while Bank of England Governor Andrew Bailey has warned that cryptocurrencies have no intrinsic value and investors should be prepared to lose all their money. Experts remain optimistic, with Bernstein analyst Gautam Chhugani predicting that the price of bitcoin could reach $150,000 by 2025 if a bitcoin exchange-traded fund is approved.\n\nIn a the cryptocurrency industry is experiencing a surge in investments and expansion into international markets.’

Opendoor Technologies Inc. Continues to Impress with Strong Performance Amidst Market Volatility\n\nOpendoor Technologies Inc. (OPEN) has been making headlines recently, with its stock gaining +76.9% over the past month. This impressive performance has caught the attention of many, leading to questions about the company's future prospects.\n\nOne key factor to consider is a company's earnings estimate revisions. At Zacks, we prioritize evaluating changes in a company's future earnings projections. This is because we believe that a company's future earnings potential is what ultimately determines its fair value. When earnings estimates increase, so does the fair value of a stock, leading to increased investor interest and a rise in stock price. This is supported by empirical research, which shows a strong correlation between earnings estimate revisions and near-term stock price movements.\n\nFor the current quarter, Opendoor Technologies Inc. is expected to report a loss of $0.18 per share, representing a change of +75.7% from the same period last year. The consensus estimate for the current fiscal year is -$1.21 per share, indicating a year-over-year change of -31.5%. Looking ahead to the next fiscal year, the consensus estimate of -$0.60 per share represents a change of +50.4% from the previous year. These estimates have remained unchanged over the past month.\n\nIn addition to earnings growth, revenue growth is also a crucial factor in determining a company's financial health. Opendoor Technologies Inc. is expected to report a year-over-year change of -70.9% in revenue for the current quarter, with estimates of $830.43 million. For the current and next fiscal years, revenue estimates of $6.91 billion and $6.15 billion indicate changes of -55.6% and -10.9%, respectively.\n\n The market volatility, Opendoor Technologies Inc. has continued to show strong performance. In its last reported quarter, the company reported revenues of $980 million, representing a year-over-year change of -70.8%. EPS for the same period was -$0.11, compared to -$0.52 a year ago. These results beat the Zacks Consensus Estimate of $985.97 million for revenues and showed a positive EPS surprise of +78.85%.\n\nIn a Opendoor Technologies Inc. has shown impressive performance and resilience in the face of market uncertainty.