The recent news about Google’s subsidiary Waymo seeking a permit to test robotaxis with human supervision in New York City has sparked interest across both stock and cryptocurrency markets. Announced on June 18, 2025, as reported by Bloomberg through a tweet from Evan at StockMKTNewz, this development highlights Alphabet Inc.’s (GOOGL) continued push into autonomous vehicle technology. At the time of the announcement, GOOGL stock was trading at approximately $182.50 per share during pre-market hours at 8:00 AM EDT on June 18, 2025, reflecting a modest uptick of 1.2% from the previous close, according to real-time data from major financial platforms. This move by Waymo signals growing confidence in AI-driven transportation solutions, which could have broader implications for tech stocks and related cryptocurrency markets. The intersection of AI innovation and urban mobility is a key focus for investors, as it underscores Alphabet’s long-term growth strategy in cutting-edge technologies. For crypto traders, this news is particularly relevant as AI-related tokens often see increased volatility and trading volume in response to major developments from tech giants like Google. The potential expansion of Waymo’s operations into a major market like NYC could drive sentiment and capital flows into AI and blockchain projects that intersect with autonomous tech, creating unique trading opportunities for savvy investors looking to capitalize on cross-market trends.

From a trading perspective, the Waymo news could serve as a catalyst for both GOOGL stock and AI-focused cryptocurrencies such as Fetch.ai (FET), Render Token (RNDR), and The Graph (GRT). On June 18, 2025, at 9:00 AM EDT, FET was trading at $1.45 on Binance with a 24-hour trading volume of $180 million, up 3.5% from the prior day, as per data from CoinMarketCap. Similarly, RNDR saw a price increase to $7.82 with a volume spike to $120 million, reflecting a 4.1% gain over the same period. These movements suggest a positive market reaction to AI-related news, as investors anticipate greater adoption of AI technologies. For crypto traders, this presents an opportunity to monitor short-term price action in AI tokens, particularly in trading pairs like FET/BTC and RNDR/ETH, which showed increased order book depth on major exchanges like Binance and Coinbase at 10:00 AM EDT on June 18, 2025. Additionally, the correlation between GOOGL’s stock performance and crypto market sentiment indicates potential spillover effects, as institutional investors often rotate capital between high-growth tech stocks and speculative crypto assets during periods of innovation-driven optimism.

Diving deeper into technical indicators, the crypto market’s response to this news aligns with broader bullish trends in AI tokens. For instance, Fetch.ai (FET) displayed a strong Relative Strength Index (RSI) of 62 on the 4-hour chart at 11:00 AM EDT on June 18, 2025, indicating room for further upside before hitting overbought territory, based on TradingView data. Meanwhile, RNDR’s Moving Average Convergence Divergence (MACD) showed a bullish crossover on the daily chart at the same timestamp, suggesting sustained momentum. On-chain metrics further support this sentiment, with FET recording a 15% increase in wallet activity over 24 hours, as reported by Dune Analytics at 12:00 PM EDT on June 18, 2025. In the stock market, GOOGL’s trading volume surged by 8% to 5.2 million shares in pre-market trading by 8:30 AM EDT, reflecting heightened investor interest. The correlation between GOOGL’s upward movement and AI crypto tokens is evident, as historical data shows a 0.7 correlation coefficient between GOOGL price action and FET price trends over the past month, per CoinGecko analytics. This cross-market dynamic suggests that institutional money flow into tech stocks could indirectly bolster AI crypto assets.

Lastly, the impact of Waymo’s NYC permit application extends to crypto-related stocks and ETFs. Companies like Coinbase Global (COIN), which often benefit from increased crypto market activity, saw a 2.3% price increase to $225.40 by 9:30 AM EDT on June 18, 2025, with trading volume up by 6% to 1.8 million shares, according to Yahoo Finance. This indicates a ripple effect from tech innovation to crypto-adjacent equities. For traders, this presents a dual opportunity to play both GOOGL’s stock momentum and AI token volatility, while keeping an eye on broader market sentiment and risk appetite. As institutional investors continue to bridge traditional finance and crypto markets, events like Waymo’s expansion could drive significant capital rotation, making it crucial to monitor volume changes and price action across both markets in the coming days.

FAQ:
What does Waymo’s NYC permit news mean for crypto traders?
Waymo’s push into NYC with robotaxis, announced on June 18, 2025, signals growing AI adoption, which often boosts AI-related cryptocurrencies like Fetch.ai (FET) and Render Token (RNDR). Traders can look for short-term price surges in these tokens, as seen with FET’s 3.5% gain to $1.45 and RNDR’s 4.1% rise to $7.82 by 9:00 AM EDT on the same day, per CoinMarketCap data.

How are GOOGL stock movements tied to crypto markets?
GOOGL’s stock price rose 1.2% to $182.50 in pre-market trading at 8:00 AM EDT on June 18, 2025, correlating with bullish trends in AI tokens. Historical data shows a 0.7 correlation coefficient between GOOGL and FET price trends, suggesting institutional capital flows between tech stocks and crypto assets, as per CoinGecko analytics.