The Latest Breaking News from Fundstrat

Fundstrat Global Advisors co-founder Tom Lee said on Tuesday that Ethereum (CRYPTP: ETH) is positioned for a significant breakout as stablecoins create a transformative “ChatGPT moment” for Wall Street and cryptocurrency convergence.

BitMine Immersion stock soars as the crypto mining firm names Tom Lee its chairman and reveals plans of using Ethereum as a reserve asset. But does this BMNR rally have legs?

Fundstrat’s Tom Lee is known for his bullish takes. He called a 20% S&P 500 rebound this year, and it’s up over 14% so far.

“It’s an important moment for the industry,” Fundstrat’s Tom Lee said. “I think there's a lot of people throwing gasoline in a crowded theater and yelling ‘fire.’”

Favorable inflation data for October and rising anticipation of a slower pace of rate hikes ahead might bode well for the stock market. Fundstrat sees the market soaring to new records if inflation continues to ease. Therefore, fundamentally sound General Motors (GM) and APA Corporation (APA) could be the stocks…

Bitcoin stayed just over US$20,000 on Wednesday, with its inability to gain upward traction fueling concern among analysts of further declines.

Cryptocurrencies are probably headed for more bouts of downside volatility and investors should consider reining in their risk, according to Fundstrat.