Analysis: US stock futures hit a record high, which may push BTC to break through the resistance level and hit a new high

Odaily Planet Daily News U.S. stock index futures have reached an all-time high, and analysts predict that this may push Bitcoin to break through resistance and hit a new high. S&P 500 futures broke through to 6,145 points on Thursday, exceeding the February peak, while Nasdaq Composite Index futures also reached a new high of 20,180 points. Since the crash on April 8, the S&P 500 has risen 23%, mainly due to the easing of the impact of trade tariffs and the ceasefire agreement between Israel and Iran. Nick Ruck, director of LVRG Research, said that U.S. stock index futures are close to historical highs, coupled with Bitcoin's recent rebound, increasing expectations that it will set a new record in the near future. If the Federal Reserve cuts interest rates in the coming months, continued stock market momentum and institutional capital inflows may push Bitcoin to break through the $109,000 resistance level. (Cointelegraph)