TechFlow News, April 16: According to Cointelegraph, buoyed by strength in technology stocks and optimistic market expectations of a potential de-escalation in U.S.-Iran tensions, the Nasdaq Composite Index rose 1.59% to 24,016.02 on Wednesday—the highest level on record. The S&P 500 Index climbed 0.8% to 7,022.95, also reaching an all-time high.
Meanwhile, Bitcoin briefly touched $75,229, rising 1.07% over the past 24 hours and nearly 10% over the past two weeks. Citing Tom Lee, Chief Investment Officer at Fundstrat, the report states that the next phase of gains may be driven by Bitcoin, Ether, and technology stocks.
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