S&P 500 Breaks Above 7,800 for the First Time to Hit a New Record High; Global Stock Funds See Net Inflows of $18.6 Billion in a Week. U.S. Stock Risk Appetite Is at Full Throttle, Yet Crypto Seems Like It Didn’t Get the Memo. BTC is up only 0.61% in the past 24 hours, ETH +1.07%, while BNB and SOL and XRP are basically going nowhere.
Funding rates tell the story even more clearly: BTC and ETH are both around +0.009%, while SOL is still negative. There’s no incremental money rushing in. This new S&P high is driven by earnings reports and stock-fund inflows—the money hasn’t spilled over into crypto yet.
Stocks and crypto are moving on their own tracks right now. For risk appetite to transmit into crypto, BTC needs to show volume and take the lead first; at present, that doesn’t seem to be there.
For market observation only and does not constitute investment advice.
With the U.S. stocks hitting new highs and crypto moving sideways—this is the eve of a catch-up rally, or just two separate stories running independently?
#S&P 500 Breaks Above 7,800 Points to Set a New High
$BTC $ETH $SOL
Funding rates tell the story even more clearly: BTC and ETH are both around +0.009%, while SOL is still negative. There’s no incremental money rushing in. This new S&P high is driven by earnings reports and stock-fund inflows—the money hasn’t spilled over into crypto yet.
Stocks and crypto are moving on their own tracks right now. For risk appetite to transmit into crypto, BTC needs to show volume and take the lead first; at present, that doesn’t seem to be there.
For market observation only and does not constitute investment advice.
With the U.S. stocks hitting new highs and crypto moving sideways—this is the eve of a catch-up rally, or just two separate stories running independently?
#S&P 500 Breaks Above 7,800 Points to Set a New High
$BTC $ETH $SOL