Tag: Stocks

Ondo and Broadridge Bring Proxy Voting to Tokenized Stocks

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Ondo Finance has teamed up with financial technology giant Broadridge to give holders of tokenized stocks and exchange-traded funds (ETFs) the ability to participate in proxy voting. Broadridge has built a Web3-enabled relay system where tokenholders connect their crypto wallet to Broadridge’s ProxyVote platform, submit their voting preference, and Ondo’s issuer then votes the real shares accordingly, with the entire process recorded onchain for transparency, according to a Tuesday announcement. “By working with Broadridge, we are enabling holders of our on-chain tokenized stocks to access governance and voting capabilities, with…

Tech stocks hit bear territory as US-Iran tensions rise, Nvidia remains strong

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Six of the Magnificent Seven tech stocks have fallen into bear territory as U.S.-Iran tensions escalate, but the odds of NVIDIA becoming the largest company by market cap on June 30 hold at 92% YES, even as earnings season approaches alongside questions about a $600 billion AI-driven capital expenditure plan. Market reaction The market trades a daily volume of $16,712 in USDC, with $42,558 in depth needed to move the price 5 points. The largest single move was a 1-point spike, pointing to relatively stable sentiment despite the geopolitical backdrop.…

Record Stocks Highs And Cooling Volatility Spark $88K Bitcoin Price Target

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Bitcoin (BTC) refreshed February highs on Friday as attention focused on the upcoming weekly close and a longer-term rally to $88,000. Key points: Bitcoin hits its highest levels in ten weeks as markets abandon geopolitical nerves. BTC price strength may bring back $88,000 in just two to four weeks, a trader predicts. $72,800 becomes the level to watch for the next weekly candle close. Bitcoin price local peak brings hope of $88,000 Data from TradingView confirmed new ten-week highs of $77,027 on Bitstamp. BTC/USD one-hour chart. Source: Cointelegraph/TradingView BTC price…

Bitcoin rebounds near $74.5K as US stocks hit fresh highs

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Bitcoin’s bounce back near $74.5K coincides with US stocks hitting fresh highs, and the odds of Bitcoin reaching an all-time high by December 31 now sit at 16%, up from 12% a week ago. Market reaction The market for Bitcoin hitting a new high by December 31 is at 16% after Bitcoin’s recent upward move. The June 30 and September 30 markets are cooler, with odds at 3.4% and 9.5%. The largest jump is between September and December, which suggests traders expect the catalysts that matter to arrive later in…

Bitcoin Set To Sync With Stocks, Possibly Chasing New Range Highs

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Bitcoin (BTC) treaded water at Thursday’s Wall Street open as the S&P 500 reached new all-time highs. Key points: Bitcoin stays locked on $74,000 after its local highs preceded a new record for the S&P 500. Analysis warns that the US midterm elections may impact the stock rally. Bitcoin could follow the Nasdaq 100 higher, a trader suggests. BTC price tripped after fresh highs from the S&P 500 Data from TradingView showed $74,000 continuing to form an intraday BTC price focus. BTC/USD one-hour chart. Source: Cointelegraph/TradingView US jobless claims came…

Nasdaq and S&P 500 Closed At Record Highs as Tech Stocks Rallied

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US equities and tech stocks gained on Wednesday as investors looked optimistically to a de-escalation of the US-Iran war, while the price of Bitcoin tapped $75,000 amid broader positive momentum across the crypto market. According to data from Yahoo Finance, the tech-heavy Nasdaq Composite hit a new all-time high of 24,016.02 on Wednesday, closing the trading day with a 1.59% gain, while the S&P 500 tagged its own record high of 7,022.95 after notching a slight gain of 0.8%. The indexes’ performance on the day was led by a 2.08%…

Bitcoin Consolidates At $74,000 As Stocks Continue Exuberant Rebound

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Bitcoin (BTC) circled $74,000 at Wednesday’s Wall Street open as US stocks edged higher on news that the US and Iran may be open to another round of ceasefire negotiations. Key points: Bitcoin consolidates as analysts warn that stocks may be too optimistic over geopolitical relief. The S&P 500 approaches new all-time highs despite questions over Iran’s uranium enrichment. Bitcoin traders note missing components to support a true trend change. Iran conflict lacks “genuine resolution” Data from TradingView showed declining BTC price volatility after a trip to two-month highs the…

Bitcoin Catches A Break With US Stocks As BTC Climbs To $72,500

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Bitcoin (BTC) reversed its losses after Monday’s Wall Street open as markets digested the newest developments in the US-Iran war. Key points: Bitcoin joins US stocks in a relief bounce despite the US blockade of the Strait of Hormuz going ahead. The measures exclude shipping traffic from non-Iranian ports, analysis notes. BTC price perspectives warn of a fresh downward reversal next. Crypto “panic has faded” over Iran Data from TradingView showed BTC price action abruptly heading higher, reaching $72,530 on Bistamp. BTC/USD one-hour chart. Source: Cointelegraph/TradingView The US blockade of…

Jordi Visser: The rise of AI surpasses oil’s economic impact, Bitcoin’s value is tied to fiat wealth, and the best time to invest in stocks is during recession sentiment

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Key takeaways The global economy is increasingly influenced by artificial intelligence rather than traditional factors like oil prices. A significant transition from chatbot technology to more advanced AI systems has increased compute demands dramatically. The amount of compute needed for productivity has surged, indicating a shift in technology utilization. CPI is expected to rise above 4% year over year, impacting market positions and investment strategies. The best time to invest in stocks will be when market sentiment shifts towards recession in the next six weeks. Bitcoin is fundamentally supported by…

Bitcoin Circles $68,000 as Stocks Wobble on Iran War Rhetoric

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Bitcoin (BTC) stayed near a key long-term trend line at Tuesday’s Wall Street open as markets waited for US-Iran war cues. Key points: Bitcoin and US stocks attempt to shrug off claims by US President Donald Trump that a “whole civilization will die” after his Iran deadline expires. Oil eyes a rematch with multiyear highs as escalation fears take control. Bitcoin traders see lower levels resulting from current indecision. Bitcoin attempts to ignore Trump Iran comments Data from TradingView showed BTC price action focusing on its 200-week exponential moving average…