🚨 JUST IN: S&P 500 Closes Above 6,600 for the First Time Ever 🚨
What does this mean for crypto?
📈 Equities breaking ATHs = bullish signal for risk assets.
- Strong stock market often translates into higher risk appetite.
- Investors feel wealthier → more liquidity tends to spill into $BTC $ETH and $SOL
🔥 Crypto impact
Bitcoin has historically followed equities in risk-on rallies and top alts could see inflows as traders chase higher returns. Watch for correlation spikes, strong S&P rally can be the tailwind crypto needs.
📊 My take: Stocks at ATHs = the wind is at crypto’s back. Stay bullish, but remember to manage exits, don’t round trip your gains.