Pre-market trading is at its peak now. By 12th May, the industry’s tech giants had all claimed a major market cap. TESLA and Broadcom have both passed the $1 trillion market cap.
However, Apple has exceeded its pre-market trade’s $3 trillion market cap. Evan at StockMKTNewz confirmed this with a broadly calculated update on social media.
This bullish sentiment could mean the stock market is showing a risk-on sentiment among all investors. The growth in the tech sector is also flagging a major optimism around the market. At the same time, new AI investments and external stability create a ground for the bullish stride.
The sync between tech-heavy stock market indices like the NASDAQ and important crypto coins like BTC and ETH is empirically topping now, as the market shows major optimism.
The data on 12th May 8:00 AM suggests that TSLA’s pre-market data is up by 4.2%. Simultaneously, AVGA has grown by 3.8% and AAPL by 2.9%.
This is a sign of sheer investor confidence. This tech stock rally can potentially manipulate crypto market inflows, especially for AI-pegged projects like the EV and blockchain. Remember, the institutional capital keeps rotating between the sectors that showcase only the highest traction and growth!
The Trading Perspective
Big tech brands like Tesla, Apple, Broadcom, and others are offering major opportunities in the crypto market today! Tesla’s staggering growth is particularly beneficial for BTC, which has historically been linked to the biggest stablecoin.
Glassnode confirms that BTC wallet activity has grown by 12% in the last day. This indicates that the crypto market is tracking Tesla’s market cap growth. BTC’s wallet growth is mainly due to Tesla’s growth!
The Overall Current Environment
The environment favors the bullish setups in important coins and tech-synced tokens. We hope the market sentiment holds!
