Bitcoin Blazes Past $93K as Markets Heat Up
- NexxtGen Markets
- Apr 23
- 2 min read
Here’s your latest update from the team at NexxtGen Markets here in the City of London...
Global markets surged higher Tuesday with fresh momentum from earnings, surging cryptocurrencies, and a slightly calmer political tone. While equities rebounded and Bitcoin torched fresh records, volatility remains high under the surface.
🟡 Bitcoin on Fire: $93K and Climbing
Bitcoin (BTC) crossed $93,000 overnight, with bulls targeting the psychological $100K barrier. The breakout from its previous consolidation, a bounce from the 200-day moving average, and rising institutional inflows all support the rally. Analysts now suggest a $95K–$100K run is in play—if momentum continues.
Despite volatility, Bitcoin continues to behave more like a “digital gold” during periods of financial stress. Still, gold itself isn’t backing down—Gold hit a fresh all-time high at $3,500 before easing slightly.
📺 Netflix Breaks Higher
Netflix (NFLX) climbed over 5% to $1,040 as investors piled into the streaming giant. It’s now up 87% over the past year, with JPMorgan raising its target to $1,150. Amid ongoing macro uncertainty, Netflix remains one of the most resilient stocks in the market.
⚡ Tesla Rebounds (But Doubts Linger)
Tesla (TSLA) jumped 4.6% post-earnings despite missing on EPS. Elon Musk struck a more grounded tone, promising renewed focus. Still, the EV giant is down 51% YTD, pressured by brand fatigue, geopolitical risks, and lack of clarity on cheaper EV rollout.
✈️ Boeing and AT&T in Focus
Boeing (BA) reports today amid tough geopolitical headwinds and supply chain snarls. The stock is down 7% over the last three months and has struggled to shake concerns about safety and defence contract volatility.
Meanwhile, AT&T (T) is expected to report $0.52 EPS on $30.36B revenue. Analysts remain upbeat, citing strong cash flow and robust growth in fibre and 5G.
🌞 Solar Stocks Sparkle (for Now)
Invesco Solar ETF (TAN) rallied 4.5% as names like SolarEdge and First Solar gained traction. But with TAN still down 42% from highs and tariff overhangs clouding future demand, the path forward remains volatile.
🧬 Biotech and Innovation Stocks Move
Biotech SPDR XBI ETF saw mild gains as investors speculated on a bottom. Meanwhile, Oklo Inc (OKLO) surged 5.6% despite Sam Altman stepping down as board chair, adding speculative spice to this nuclear innovator.
📊 Market Wrap
🛠️ What to Watch Today
UK PMI @ 9:30am GMT
US PMI @ 2:45pm GMT
US New Home Sales @ 3:00pm GMT
Crude Oil Inventories @ 3:30pm GMT
Plus: Key earnings from Boeing and AT&T
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