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๐กโ US Futures Hit Record High: Bitcoin Set for New Peak? ๐
US stock futures have reached record highs, potentially setting the stage for Bitcoin to break past resistance and hit a new all-time high. Analysts believe that sustained equity momentum and institutional inflows could propel Bitcoin past its $109,000 resistance into a new price discovery phase. ๐
*Key Points:*
- *S&P 500 futures:* Reached a new all-time high of 6,145 points, surpassing February's peak ๐
- *Nasdaq Composite futures:* Hit a peak of 20,180, driven by investor optimism ๐
- *Bitcoin's potential:* Analysts predict a new record high for Bitcoin, citing geopolitical easing and Fed rate-cut expectations ๐
- *Resistance level:* Bitcoin's $109,000 resistance level is a key hurdle to overcome โ ๏ธ
*What Analysts Say:*
- *Nick Ruck:* "US stock futures nearing all-time highs... are bolstering investor risk appetite as Bitcoin's recent rebound increased speculation of a new record high" ๐
- *Jeff Mei:* "Conditions are ripe for Bitcoin to surpass its previous all-time high... especially given that the Iran-Israel conflict seems to be over for the time being" ๐
- *Arthur Hayes:* "Bitcoin all-time highs are coming... driven by stablecoin regulations and easing tensions in the Middle East" ๐
*Market Outlook:*
The market remains constrained, with traders suppressing price momentum and volatility by writing covered calls against their BTC holdings. The upcoming Personal Consumption Expenditures (PCE) report could induce more market volatility. ๐#Top 3 CEXs: A Moment of Transformatio