S&P, Nasdaq hit records as BTC stalls at $75,000, 40% off October peak
CoinDesk • • business
Key Points:
- Bitcoin's recent rally from February lows has been modest, struggling to break above the $75,000-$80,000 resistance level despite a positive tone and a 1.45% gain over the past 24 hours.
- U.S. stock markets continue to perform strongly amid geopolitical tensions, with the Nasdaq achieving an 11th consecutive daily gain, closing above 24,000, and the S&P 500 reaching a new record above 7,000.
- Crypto-linked stocks such as Coinbase, Robinhood, and Strategy also rose significantly, reflecting a broader risk-on sentiment in the market.
- Traders remain cautious as bitcoin faces rejection near the top of its two-month trading range, with $72,000 identified as a critical support level that could determine whether the cryptocurrency continues its breakout or slips back into consolidation.
