BNY Mellon (BK, $46.34) invests in cryptocurrency storage firm Fireblocks
Bank of New York Mellon Corp has invested in Fireblocks, a platform that allows banks and other financial institutes to store, move and issue cryptocurrencies.
BNY Mellon’s investment was part of a $133 million funding round that included participation from hedge fund Coatue Management, investment firm Ribbit Capital, growth equity firm Stripes and SVB Capital. The latest round values Fireblocks at close to $1 billion, according to a person familiar with the matter. (Reuters reported).
Fireblocks has raised $179 million in funds to date. It has a presence in Europe, Asia and North America.
Momentum Indicator for BK turns positive, indicating new upward trend
BK saw its Momentum Indicator move above the 0 level on May 13, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned positive. In of the 88 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BK advanced for three days, in of 368 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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