Bitcoin price: Avalanche’s AVAX leads crypto increases following NYSE tokenization agreement
As the New York Stock Exchange (NYSE) unveiled intends to use its blockchain to settle trades on a new platform for trading tokenized equities around the clock, Avalanche's AVAX token surged as much as 10% on Monday, making it the top earner among the 100…
In this article
In today's Bitcoin price news, As the New York Stock Exchange (NYSE) unveiled intends to use its blockchain to settle trades on a new platform for trading tokenized equities around the clock, Avalanche's AVAX token surged as much as 10% on Monday, making it the top earner among the 100 biggest cryptocurrencies by market capitalization, according to Cointelegraph. According to CoinGecko data as of 03:22 p.m, AVAX later eased to $8.86, still up over 8% on the day.
Key points
- The token right now has a market cap of roughly $3.95 billion, with $439.7 million traded over the past day.
- Nasdaq unveiled intends to invest $100 million in Kraken's parent firm, Payward, to launch tokenized shares in September.
- The NYSE first revealed plans for the platform in January.
- Ava Labs disclosed that the exchange had spent about a year testing Avalanche.
- While Avalanche will be used to record those trades and make sure transactions are completed.
Bitcoin price: the details
The token right now has a market cap of roughly $3.95 billion, with $439.7 million traded over the past day. The NYSE first revealed plans for the platform in January. Ava Labs disclosed that the exchange had spent about a year testing Avalanche, but the blockchain's final pick was not verified until Monday in September.
While Avalanche will be used to record those trades and make sure transactions are completed, the platform will let traders buy and sell digital versions of shares on different blockchains. Nasdaq unveiled intends to invest $100 million in Kraken's parent firm, Payward, to launch tokenized shares in September.
Japanese financial technology business Progmat made public it had moved upwards of 452 billion yen worth of digital securities onto a dedicated Avalanche blockchain in July.
Why traders are watching Bitcoin price
Crypto markets trade around the clock and react quickly to regulation, ETF flows, liquidity conditions and broader risk sentiment. Moves in Bitcoin often set the tone for the rest of the digital-asset market.
Changes in interest-rate expectations and institutional flows have become major drivers of crypto prices, linking them more closely to traditional markets.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-09 17:47 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,727.23 | -1.39% | 75,970.00 | 73,510.00 |
| Ethereum (ETH) | 2,123.73 | -4.77% | 2,237.35 | 2,060.00 |
What to watch next for Bitcoin price
Watch for ETF flow data, regulatory news, large on-chain movements and shifts in overall risk appetite in stock markets.
Follow every update in our Top 10 Crypto News Today, read Bitcoin price: Bitcoin, tech equities brush off Nvidia nerves as analyst weighs $68K target or see all of today's top market news.
FAQ
What is the latest Bitcoin price news?
As the New York Stock Exchange (NYSE) unveiled intends to use its blockchain to settle trades on a new platform for trading tokenized equities around the clock, Avalanche's AVAX token surged as much as 10% on Monday, making it the…
What moves the price of Bitcoin?
Bitcoin reacts to institutional and ETF demand, regulation, liquidity and interest-rate expectations, as well as general risk sentiment in financial markets.
Where does this information come from?
This report is based on coverage from Cointelegraph, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
