Bitcoin 'Breakout Is For Real,' Analyst Says On CNBC's Final Trades

On CNBC's “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital picked iShares Bitcoin Trust (NYSE:IBIT), saying this “breakout is for real.”

At the time of writing, Bitcoin price fell around 0.5% to trade at $98,660.13 on Friday.

Liz Young Thomas of SoFi named iShares Gold Trust (NYSE:IAU) as her final trade.

Gold futures climbed 0.6% to trade at $2,663.40 an ounce this morning.

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Joshua Brown of Ritholtz Wealth Management said he likes Nasdaq, Inc. (NASDAQ:NDAQ).

On Oct. 24, Nasdaq reported third-quarter revenue growth of 22% year-on-year to $1.15 billion, missing the analyst consensus estimate of $1.17 billion. The financial services company reported an adjusted EPS of 74 cents, which beat the analyst consensus estimate of 69 cents. The stock price slid after the print. Nasdaq’s Annualized Recurring Revenue (ARR) increased 31% year-over-year to $2.74 billion.

Nasdaq CEO Adena Friedman praised the "fourth consecutive quarter of double-digit Solutions growth with strong overall quarterly performance."

Price Action:

• iShares Bitcoin Trust slipped by 0.04% on Thursday.
• Nasdaq shares rose by 0.5% to settle at $81.27 during Thursday's session.
• iShares Gold Trust fell by 0.7% on Thursday.

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