US stock futures are in highs because the country’s largest market is close to their peaks, which will help push Bitcoin to reach another high time, according to analysts.
S&P 500 Futures entered the new all-time high territory on Thursday with the Index Pag -tap 6,145 points, more than February. The Tech-Heavy Nasdaq Composite Futures also hit a peak of 20,180 around the same time.
S&P 500 has gained 23% since the April 8 crash as trade THE TARIFF SHOCKS EASE And a cease between Israel and Iran appears to be touched.
Stock futures are derivative contracts where merchants agree to buy or sell a specific stock index, such as S&P 500, at a set price at a future expiry date. They exchange overnight and before opening the markets, often providing insights and signals on how to open stocks the next day.
The rally arrives as investors dug up new reasons to believe in the federal reserve may Cut interest rates As early July, the Yahoo Finance reported.
Will Bitcoin follow the stock markets?
Analysts weigh in the prospect of Bitcoin (Btc) following stocks on a new all-time high.
“US stock futures approaching all the time high, fueled by the geopolitical easing and fed rate-cut expectations, are boosting the investor’s risk as the recent rebound of bitcoin has increased the speculation of a new record high in the near future,” nick ruck, director of LVRG research, said cointelegraph.
Related: Coinbase stock ‘going vertically’ while it hits the new closing of high
He added that the long -term equity and institutional flow “could push the BTC with $ 109,000 objection to a new price discovery stage” if the fed rate cut occurs “in the coming months.”
Ripe bitcoin for all time high
Jeff Mei, Chief Operations Officer at the Crypto Exchange BTSE, told Cointelegraph that “the conditions were ripe for Bitcoin to overcome the past full time of nearly $ 112,000, especially given that the Iran-Israel conflict seemed to end at this time.”
Meanwhile, Bitmex founder Arthur Hayes Na -Post On X on Thursday the Bitcoins all the time “were coming,” and taught the passage of Stablecoin regulations in the US and the prevention of tensions in the Middle East.
Bitcoin cools from resistance
Bitcoin failed to break the resistance above $ 108,000 at least three times this week and refused from the last attempt this Thursday to trade at $ 107,400.
The 10x Research Head of Research Markus Thielen told Cointelegraph that a “known dovish shift is emerging” to the Fed leadership, but the market remains forced.
“Many entrepreneurs have written cover calls against their BTC handles, preventing both momentum and volatility.”
BTC struggles with $ 108,000 resistance. Source: Tradingview
The Fed on Friday will release the preferred gauge of inflation, called personal cost consumption (PCE), which may cause more volatility in the market.
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