Record US futures push Bitcoin to new highs: What's ahead?

Record US futures push Bitcoin to new highs: What's ahead?

US stock markets have reached all-time highs, including the S&P 500 and Nasdaq indices, raising high expectations for the future of cryptocurrencies, especially Bitcoin. Analysts agree that the current situation may be a key moment for Bitcoin to surpass its current highs and reach new price peaks.

Stock market records

On Thursday, futures on major US stock indices reached new all-time highs. The S&P 500 climbed over the 6,145-point mark, surpassing its February high, while futures on the tech-heavy Nasdaq Composite rose to 20,180 points. The S&P 500 index has already gained 23% since its April low, a result of calming geopolitical tensions and expectations of a possible interest rate cut by the Federal Reserve.

Trading Contracts and Market Signals

Stock futures are important indicators that reveal investors' expectations before the market opens. Their growth signals increased confidence and risk appetite, which is reflected positively in the cryptocurrency market. According to Nick Ruck, director at LVRG Research, the current dynamics of stock markets and the growing interest of institutional investors are key to Bitcoin's potential breakthrough through the psychological threshold of USD 109,000.

Bitcoin on the verge of an all-time high?

According to experts, now is a good time for Bitcoin to surpass its previous high of around $112,000. Jeff Mei of the BTSE says conditions are "ripe" for such a move, especially given the calming of tensions in the Middle East and changes in stablecoin regulations in the US.

On the other hand, Bitcoin faces some hurdles for now. It has failed to break through resistance above $108,000 several times this week, and the latest attempt on Thursday ended with a drop to the current level of around $107,400. However, investors are still keeping an eye on upcoming events, including the release of the US inflation report (PCE), which could increase market volatility.

What's next?

The entire market is now on alert. If current resistance levels can be broken, it could signal a sharp rise in Bitcoin towards new all-time highs. Conversely, if the market stalls or falls further, it could signal a temporary disappointment.

Conclusion

The current situation in the stock markets and geopolitical easing creates a favorable atmosphere for the growth of cryptocurrencies, especially Bitcoin. Although the path to new highs is still uncertain, experts believe that now is a good time to see if Bitcoin will indeed break its previous records and enter a new phase of price growth.

*This is not an investment recommendation.

Coingarage team