🚨 The New York Stock Exchange CHOSE Avalanche to settle its tokenized shares… and AVAX jumps as much as 10% 👀
While almost the entire market is bleeding, Wall Street just picked its network.
▪️ AVAX (~8.60): The New York Stock Exchange will use Avalanche technology as the ledger where trades on its new tokenized stock platform are recorded and settled, open 24/7 if regulators approve it. It had been testing it for a year, and today Charles Schwab also opened up AVAX purchases to its clients. It was the biggest gainer among the top 100; reclaiming 9 would be the first sign of a trend reversal.
▪️ Bitcoin (~74,800): It remains near its lowest level since August, after touching 73,640 today, with a drop in tech stocks weighing heavily on it. Protection against declines has become more expensive again: the market is hedging ahead of tomorrow’s inflation report.
▪️ Ethereum (~2,130): It’s down more than 4% and was hit hardest by liquidations, around 500M in 24 hours, almost all of them bullish bets. Even so, one company bought another 9,587 ETH and now holds close to 5% of all ETH; 2,100 is the floor to watch.
Big money isn’t waiting for a rebound: it’s choosing where to build.
Will AVAX break away from the market, or is this just a breather? 👇
#Bitcoin #ETH #AVAX
While almost the entire market is bleeding, Wall Street just picked its network.
▪️ AVAX (~8.60): The New York Stock Exchange will use Avalanche technology as the ledger where trades on its new tokenized stock platform are recorded and settled, open 24/7 if regulators approve it. It had been testing it for a year, and today Charles Schwab also opened up AVAX purchases to its clients. It was the biggest gainer among the top 100; reclaiming 9 would be the first sign of a trend reversal.
▪️ Bitcoin (~74,800): It remains near its lowest level since August, after touching 73,640 today, with a drop in tech stocks weighing heavily on it. Protection against declines has become more expensive again: the market is hedging ahead of tomorrow’s inflation report.
▪️ Ethereum (~2,130): It’s down more than 4% and was hit hardest by liquidations, around 500M in 24 hours, almost all of them bullish bets. Even so, one company bought another 9,587 ETH and now holds close to 5% of all ETH; 2,100 is the floor to watch.
Big money isn’t waiting for a rebound: it’s choosing where to build.
Will AVAX break away from the market, or is this just a breather? 👇
#Bitcoin #ETH #AVAX
