S&P 500 hits a new all time of 6,300 for the first time ever
The post S&P 500 hits a new all time of 6,300 for the first time ever appeared on BitcoinEthereumNews.com. The S&P 500 broke through 6,300 for the first time in history on Tuesday, as rising demand for crypto stocks and tech names sent U.S. markets higher across the board. This happened just a day after Wall Street posted small gains even with President Donald Trump threatening 30% tariffs on Mexico and the European Union, starting August 1. According to CNBC, stock futures were already flashing green before the open. S&P 500 futures rose 0.3%, Nasdaq 100 futures climbed 0.55%, and Dow Jones futures moved up just 13 points, or 0.03%. Monday’s session had already closed in the green. The Dow added 88 points (0.2%), the S&P 500 ticked up 0.1%, and the Nasdaq Composite pushed 0.3% higher. With earnings from big banks coming soon and a fresh inflation reading around the corner, investors are loading up on risk. Bitcoin breakout pulls COIN and MSTR higher The rally in the S&P 500 is closely tied to a breakout in bitcoin, which surged above $123,000 last week and cleared its previous ceiling. With that resistance now flipped into support near $108,300, analysts are watching for a climb toward $134,500. The MACD is trending positive, and stochastics are turning higher, giving bulls reason to stay in. That breakout is fueling rallies in crypto-linked stocks. Coinbase (COIN) confirmed a move above $346, a price level that hadn’t been breached since 2021. The pattern is forming a long-term cup-and-handle, and if it plays out, COIN could run to around $460. Momentum is also building, with a Golden Cross—the 50-day average crossing above the 200-day, adding technical support. The last time bitcoin showed that same crossover in November 2024, the market consolidated for a few weeks before heading higher again. MicroStrategy (MSTR) is following a similar path, as per usual, riding bitcoin’s wave. Analysts have…
The post S&P 500 hits a new all time of 6,300 for the first time ever appeared on BitcoinEthereumNews.com.
The S&P 500 broke through 6,300 for the first time in history on Tuesday, as rising demand for crypto stocks and tech names sent U.S. markets higher across the board. This happened just a day after Wall Street posted small gains even with President Donald Trump threatening 30% tariffs on Mexico and the European Union, starting August 1. According to CNBC, stock futures were already flashing green before the open. S&P 500 futures rose 0.3%, Nasdaq 100 futures climbed 0.55%, and Dow Jones futures moved up just 13 points, or 0.03%. Monday’s session had already closed in the green. The Dow added 88 points (0.2%), the S&P 500 ticked up 0.1%, and the Nasdaq Composite pushed 0.3% higher. With earnings from big banks coming soon and a fresh inflation reading around the corner, investors are loading up on risk. Bitcoin breakout pulls COIN and MSTR higher The rally in the S&P 500 is closely tied to a breakout in bitcoin, which surged above $123,000 last week and cleared its previous ceiling. With that resistance now flipped into support near $108,300, analysts are watching for a climb toward $134,500. The MACD is trending positive, and stochastics are turning higher, giving bulls reason to stay in. That breakout is fueling rallies in crypto-linked stocks. Coinbase (COIN) confirmed a move above $346, a price level that hadn’t been breached since 2021. The pattern is forming a long-term cup-and-handle, and if it plays out, COIN could run to around $460. Momentum is also building, with a Golden Cross—the 50-day average crossing above the 200-day, adding technical support. The last time bitcoin showed that same crossover in November 2024, the market consolidated for a few weeks before heading higher again. MicroStrategy (MSTR) is following a similar path, as per usual, riding bitcoin’s wave. Analysts have…
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