The Latest Breaking News from Fundstrat

Shares of Galaxy Digital Inc. (NASDAQ:GLXY) are trading higher Monday as interest in crypto-related equities continues to rise following several catalysts tied to institutional backing, AI infrastructure developments and broader sector momentum.

Wall Street veteran and Fundstrat co-founder Tom Lee is set to bring Ethereum (CRYPTO: ETH) into the spotlight, with plans to position BitMine Immersion Technologies (AMEX:BMNR) as the ‘MicroStrategy of Ethereum.‘

In the land of the bears, Tom Lee is the bull that had a 2023 stampede. “Corporate resilience” should never be counted out, he told CNBC.

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.