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S&P 500 hits new all-time high as $9.6 trillion rally raises questions for crypto

S&P 500 hits new all-time high as $9.6 trillion rally raises questions for crypto

The index closed at a record 7,412.84, but crypto's muted response has analysts debating whether digital assets will join the party.

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by Editorial Team

The S&P 500 closed at 7,412.84 on May 11, crossing the 7,400 threshold for the first time in its history. The milestone caps a six-week stretch that has added roughly $9.6 trillion in market capitalization since March 30.

Inside the rally

The S&P 500 has gained more than 15% since late March, setting multiple records along the way. It crossed 7,200 on April 30, then 7,300 on May 6, before punching through 7,400 just five days later. Year-to-date gains now sit at nearly 8%.

Two forces have been doing the heavy lifting. Strong earnings from tech companies gave investors a reason to stay bullish, while a meaningful de-escalation in US-Iran tensions removed one of the bigger geopolitical overhangs that had been weighing on sentiment earlier in the year.

On a single recent trading day, US markets added over $400 billion in value.

Crypto’s curious silence

Bitcoin is holding above $78,000. The S&P 500 ripped 15% in six weeks, and the crypto market’s reaction has been tepid at best.

Analysts are actively debating whether cryptocurrencies are beginning to decouple from legacy markets, or whether digital assets are simply lagging and a catch-up rally is imminent.

What this means for crypto investors

If Bitcoin continues to hold its current levels, capital could also flow into altcoins like SOL and DOGE, which have historically amplified BTC moves during risk-on periods.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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S&P 500 hits new all-time high as $9.6 trillion rally raises questions for crypto

S&P 500 hits new all-time high as $9.6 trillion rally raises questions for crypto

The index closed at a record 7,412.84, but crypto's muted response has analysts debating whether digital assets will join the party.

by Editorial Team

Share

Add us on Google

The S&P 500 closed at 7,412.84 on May 11, crossing the 7,400 threshold for the first time in its history. The milestone caps a six-week stretch that has added roughly $9.6 trillion in market capitalization since March 30.

Inside the rally

The S&P 500 has gained more than 15% since late March, setting multiple records along the way. It crossed 7,200 on April 30, then 7,300 on May 6, before punching through 7,400 just five days later. Year-to-date gains now sit at nearly 8%.

Two forces have been doing the heavy lifting. Strong earnings from tech companies gave investors a reason to stay bullish, while a meaningful de-escalation in US-Iran tensions removed one of the bigger geopolitical overhangs that had been weighing on sentiment earlier in the year.

On a single recent trading day, US markets added over $400 billion in value.

Crypto’s curious silence

Bitcoin is holding above $78,000. The S&P 500 ripped 15% in six weeks, and the crypto market’s reaction has been tepid at best.

Analysts are actively debating whether cryptocurrencies are beginning to decouple from legacy markets, or whether digital assets are simply lagging and a catch-up rally is imminent.

What this means for crypto investors

If Bitcoin continues to hold its current levels, capital could also flow into altcoins like SOL and DOGE, which have historically amplified BTC moves during risk-on periods.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.