The S&P 500 reached a new all-time high at 7,500, and the current target is 7,900, which is considered a strong resistance zone.
The continued rise of the index reflects strong liquidity inflows and high confidence in U.S. markets, which is often positive for the cryptocurrency market, as investors tend to move toward higher-risk assets such as Bitcoin and altcoins.
However, reaching the 7,900 area could determine whether the upward momentum continues or whether profit-taking begins, which may temporarily affect the overall markets, including crypto.
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