On June 2, 2025, Bank of America raised its price target for Amazon (AMZN) to $248 from $230, while maintaining a 'Buy' rating, as reported by Stock Talk on social media. Analyst Justin Post highlighted Amazon’s significant advancements in automation, noting that the company now employs 750,000 robots to assist with 75% of customer orders. This development underscores Amazon’s long-term investment in robotics and AI-driven logistics since the Kiva acquisition in 2012. The news triggered a notable uptick in Amazon’s stock price, with AMZN gaining 3.2% by 11:30 AM EST on the same day, reaching $189.50 per share on elevated trading volume of 5.8 million shares, compared to its 10-day average of 4.1 million shares. This bullish sentiment in the stock market has broader implications for cryptocurrency markets, particularly for tokens tied to AI and technology sectors. As institutional investors often rotate capital between high-growth stocks like Amazon and emerging crypto assets, this upgrade could signal increased risk appetite, potentially driving inflows into crypto markets. Investors are keenly observing whether this momentum in traditional markets will translate into sustained bullishness for digital assets, especially as Amazon’s focus on robotics aligns with growing interest in AI-related blockchain projects.

From a crypto trading perspective, Amazon’s upgraded price target and focus on robotics could catalyze interest in AI-focused cryptocurrencies such as Render Token (RNDR) and Fetch.ai (FET). On June 2, 2025, RNDR saw a 4.7% price increase to $10.25 by 1:00 PM EST, with trading volume spiking to $85 million across major exchanges like Binance and Coinbase, compared to a 7-day average of $62 million, according to data from CoinGecko. Similarly, FET surged 3.9% to $2.18 during the same window, with volume rising to $73 million from a prior average of $54 million. These movements suggest that stock market optimism around AI innovation is spilling over into crypto markets, creating short-term trading opportunities. For traders, this correlation offers a chance to capitalize on momentum by entering positions in AI tokens during dips, while monitoring broader market sentiment. Additionally, the increased institutional focus on tech stocks like Amazon could drive capital flows into crypto-related ETFs and stocks such as Coinbase Global (COIN), which rose 2.1% to $245.30 by 2:00 PM EST on June 2, 2025, on volume of 1.9 million shares against a 10-day average of 1.5 million.

Diving into technical indicators, Bitcoin (BTC), often a bellwether for crypto market sentiment, showed resilience amid the Amazon news, holding steady at $67,800 as of 3:00 PM EST on June 2, 2025, with a 24-hour trading volume of $28 billion across major pairs like BTC/USDT on Binance. Ethereum (ETH) also maintained support at $3,780, up 1.8% on the day, with volume reaching $12.5 billion. On-chain metrics from Glassnode reveal a 15% increase in active BTC addresses over the past 48 hours as of June 2, 2025, suggesting growing retail interest possibly spurred by traditional market momentum. The correlation between AMZN and BTC remains moderate at 0.45 over the past 30 days, per data from CoinMetrics, indicating that while stock market gains influence crypto, the relationship isn’t fully direct. For AI tokens like RNDR, the Relative Strength Index (RSI) stood at 62 on a 4-hour chart as of 4:00 PM EST, signaling potential overbought conditions but room for further upside if volume sustains. Traders should watch for resistance levels at $10.50 for RNDR and $2.25 for FET, with high volume breakouts potentially confirming bullish trends.

The stock-crypto correlation here is evident as Amazon’s AI-driven growth narrative aligns with blockchain projects leveraging similar technologies. Institutional money flow, often a bridge between these markets, appears to be tilting toward risk-on assets, as seen in the $320 million net inflows into crypto funds for the week ending June 1, 2025, according to CoinShares reports. This suggests that positive stock market events like Amazon’s upgrade can indirectly bolster crypto markets by enhancing overall investor confidence. For trading strategies, scalping AI tokens on short timeframes or swing trading crypto-related stocks like COIN could yield profits, but traders must remain cautious of sudden reversals if broader market sentiment shifts. The interplay between Amazon’s stock performance and crypto markets highlights a unique opportunity for cross-market analysis and diversified portfolios in 2025.