Analysts say U.S. stock futures are at record highs as the country’s largest market approaches its peak, which could help push Bitcoin to another all-time high.
S&P 500 futures entered a new all-time highest territory on Thursday. tapping 6,145 minutes, exceeding the peak in February. Nasdaq High Technology’s comprehensive futures also reached 20,180 at the same time.
The S&P 500 has risen 23% since the April 8 crash Tariff vibrations easily A ceasefire between Israel and Iran appears to be held.
in stock futures Traders agree to purchase or sell derivative contracts for specific stock indexes at a set price on a future expiration date, such as the S&P 500. They trade overnight, and before the market opens, they usually provide insights and signals about how stocks will open the next day.
Rally is as investors digest new reasons believe the Fed may Reduce interest rates Back in July, Yahoo Finance Report.
Will Bitcoin follow the growth of the stock market?
Analysts have been weighing the prospects of Bitcoin (BTC) The stock then reached new heights.
“As Bitcoin’s recent speculation about new records has increased speculation about new records in the near future, U.S. stock futures are strengthening investors’ risks driven by geopolitical easing and expectations of prepaid interest rates,” said Nick Ruck, director of LVRG Research, LVRG Research.
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He added that if the Fed occurs in the coming months, the ongoing equity momentum and institutional inflows “could bring BTC beyond its $109,000 resistance into a new price discovery phase.
The historical high point of Bitcoin maturity
“Bitcoin’s situation is ripe enough to surpass its previous history of about $112,000, especially given that the Iran-Israel conflict seems to be over,” Jeff Mei, chief operating officer of Crypto Exchange BTSE told Cointelegraph.
Meanwhile, Bitmex founder Arthur Hayes Posted On Thursday’s X, Bitcoin’s historical highs were “coming soon” and pointed to the passage of U.S. regulations and slow tensions in the Middle East.
Bitcoin cools from resistors
Bitcoin failed to break at least $108,000 resistance this week and traded for $107,400 from its last attempt on Thursday.
10x research director Markus Thielen told Cointelegraph that a “significant shift in the Fed’s leadership is emerging”, but the market is still subject to restrictions.
“Many traders have called for their BTC holdings, which has both curbed price momentum and volatility.”
BTC has a resistance of $108,000. source: TradingView
The Fed will release its preferred inflation scale on Friday, called the Personal Consumer Expenditure (PCE) report, which could cause more market volatility.
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