Bitcoin Hits $76K As Tech Stocks Push Wall Street To Fresh Records
Fundstrat’s chief investment officer, Tom Lee, says the next big move in markets won’t be led by stocks — it’ll be driven by crypto. Speaking Wednesday on CNBC’s “Closing Bell,” Lee argued that Bitcoin and Ether are positioned to lead the next leg of the rally, alongside the Magnificent 7 tech stocks and the broader software sector. Related Reading: Bitcoin Could Hit $85K Before April Ends, Analyst Says Crypto And Tech Move In Step He also said some investors are still sitting on the sidelines, waiting for more clarity on the Middle East conflict before....
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Wall Street isn’t what it used to be. For years, the ‘Magnificent 7’ – tech giants like Apple, Amazon, and Microsoft – ruled the markets with an iron fist. Their stocks carried portfolios, and every big dip was a chance to ‘buy the winners.’ But in 2025 and beyond, that old playbook is starting to […]
Feb. 4 delivers more of the same for both tech stocks and crypto, with Bitcoin adding $1,000 on the Wall Street open. Bitcoin (BTC) kept investors guessing with tech stocks as Wall Street opened on Feb. 4, circling $38,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks continue volatilityData from Cointelegraph Markets Pro and TradingView followed a ranging overnight period for BTC/USD, bulls hoping for clearer validation of recent gains.After 15% daily gains the day before, Amazon (AMZN) continued its uptrend on Feb. 4, jumping 10% at the open, while embattled Meta (FB)....
Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
Bitcoin reaffirms its current correlation with equities as tech stocks in particular suffer as trading gets underway. Bitcoin (BTC) fell on the Wall Street open on Feb. 2 as another tech stock rout panicked traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin: "Macro FUD is driving all" Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it dipped below $38,000 as Wall Street began, giving back half of the gains secured on Feb. 1.At the time of writing, the pair traded near $37,600 as tech stocks took a beating. These were led by PayPal, shares in....
BTC price action remains at the mercy of equities performance at the Wall Street open. Bitcoin (BTC) fell on the May 24 Wall Street open as weakness in stocks saw sell-side pressure return.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewEquities give crypto no respiteData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it revisited its lowest levels of the past seven days.At the time of writing, BTC/USD traded at around $28,800 amid volatility, having hit $28,614 on Bitstamp — a zone last seen on May 18.The S&P 500 lost 2.4% on the open, while the Nasdaq 100....