Express
Analysis: US Stock Futures Hit Record Highs, May Propel BTC to Break Resistance and Hit New Highs
Summary: In a breaking development, US stock index futures have reached historic highs, with analysts predicting this may propel Bitcoin to break resistance and hit new highs. S&P 500 futures broke through to 6,145 points on Thursday, surpassing February peaks, while NASDAQ Composite Index futures also reached a new high of 20,180 points. Since the crash ...
In a breaking development, US stock index futures have reached historic highs, with analysts predicting this may propel Bitcoin to break resistance and hit new highs. S&P 500 futures broke through to 6,145 points on Thursday, surpassing February peaks, while NASDAQ Composite Index futures also reached a new high of 20,180 points. Since the crash on April 8, the S&P 500 has risen by 23%, mainly due to easing trade tariff impacts and the ceasefire agreement between Israel and Iran.
LVRG Research Director Nick Ruck stated that with US stock index futures nearing historic highs and Bitcoin rebounding recently, it increases expectations for it to soon set a new record. If the Federal Reserve cuts interest rates in the coming months, sustained stock market momentum and institutional fund inflows could propel Bitcoin to break the $109,000 resistance level.
Tags:
Link: Analysis: US Stock Futures Hit Record Highs, May Propel BTC to Break Resistance and Hit New Highs [Copy]
