Morgan Stanley Predicts Stock Market's Downside Momentum Peaked, Offering Market Forecast
Welcome back to another exciting day in the world of finance and cryptocurrency! Today, we're diving into market analysis, industry announcements, and the latest cryptocurrency trends, all while keeping our eyes peeled for regulators, scams, and hacks. Let's jump in!
Market Analysis
Morgan Stanley's Chief Investment Office (CIO) and equity strategist Mike Wilson thinks we might be nearing a market bottom for the S&P 500, which plunged to 4,835 points last week. Wilson believes we've experienced a capitulation event on April 7th, where investors panicked and sold assets, leading to the sharp price drop that signifies a potential market bottom. He predicts a sideways trading range for the S&P 500, awaiting clarity on the economy's future and direction. As of Tuesday’s close, the S&P 500 is sitting at 5,386 points.
Industry Announcements
- aZen secures a $1.2M seed round and web3 grants to build DePIN for ubiquitous AI, onboarding 600k users
- Bitcoin Seoul 2025 will host global industry leaders for Asia's largest Bitcoin-focused conference
- FLOKI and Rice Robotics launch an AI companion robot, offering token rewards
- STEPN and the Argentina Football Association announce their latest NFT drop
- BYDFi partners with Ledger to launch a limited edition hardware wallet, debuting at TOKEN2049 Dubai
- The team behind the popular Telegram wallet Grindery unveils wallet infra for AI agents
- Common launches the first privacy web app with subsecond proving times for Arbitrum and Aleph Zero EVM
Spotlight
- Analyst predicts Bitcoin's final bullish move before a strong reversal downwards and shares his targets
- Charles Hoskinson, the creator of Cardano, expresses doubts about Ethereum's ability to survive the next 10 to 15 years
- A trader who correctly predicted the 2022 Bitcoin bottom discusses Ethereum's bearish outlook
- Another trader sees Solana setting new all-time highs in the coming months, outlining Bitcoin's path forward
We intend to cover a wide range of topics, including macro, Bitcoin, Ethereum, trading, altcoins, futuremash, financeflux, blockchain, regulators, scams, and hacks. Stay tuned for more updates and insights.
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Remember that investing in Bitcoin, cryptocurrency, or digital assets comes with high risks. Always do your due diligence before making any high-risk investments. The Daily Hodl does not provide investment advice, is not an investment advisor, and participates in affiliate marketing.
[1] Morgan Stanley S&P 500 Outlook, April 23, 2025. (accessed April 24, 2025)[2] Capitulation in the Stock Market: How to Spot a Capitulation Event, Investopedia, (accessed April 24, 2025)[3] Morgan Stanley Says Investors Should Focus on Sector Diversification Amid Lower Inter-Sector Correlations, The Daily Hodl, (accessed April 24, 2025)[4] Uncertainty over Fed Rate Cuts and Trade Policies Affect Stock Market, The Daily Hodl, (accessed April 24, 2025)
- Morgan Stanley's Chief Investment Office (CIO) and equity strategist Mike Wilson's prediction of a sideways trading range for the S&P 500, awaiting clarity on the economy's future and direction, could influence the broader macroeconomic financial landscape.
- Amid the bearish outlook for the stock-market, a trader who correctly predicted the 2022 Bitcoin bottom discusses Ethereum's current bearish outlook, raising questions about its ability to survive the next 10 to 15 years.
- In the cryptocurrency realm, Charles Hoskinson, the creator of Cardano, expresses doubts about Ethereum's long-term survival, potentially shaking the confidence of investors in the Altcoins market and causing a ripple effect in the blockchain industry.
- While Bitcoin faces a potential strong reversal downwards, another trader predicts Solana setting new all-time highs in the coming months, emphasizing the need to keep a close watch on the changing trends in the cryptocurrency market.
- As investors consider high-risk digital assets like Bitcoin, a disclaimer should be kept in mind: investing in Bitcoin, cryptocurrency, or digital assets comes with high risks. Always do thorough research before making investment decisions, and remember that The Daily Hodl does not provide investment advice and participates in affiliate marketing.
