U.S. stock futures climbed into record territory on Thursday, reinforcing optimism that risk assets, including Bitcoin, could soon see fresh price discovery.
S&P 500 futures soared past their previous February highs, touching 6,145 points, while Nasdaq Composite futures hit 20,180, marking new milestones for both indices. Analysts pointed to receding trade tensions and geopolitical risks—most notably the ceasefire agreement between Iran and Israel—as catalysts for the rebound.
The broad equity rally has seen the S&P 500 rally more than 23% since the sell-off in early April, when tariffs and Middle East concerns sparked heavy liquidation across risk markets.
Stock futures, which let traders lock in a price to buy or sell an index at a future date, are commonly used as a barometer of investor sentiment and near-term expectations.
Markets also digested growing evidence that the Federal Reserve could ease monetary policy sooner than expected. According to a Thursday report from Yahoo Finance, fresh data showing softening inflation has stoked bets that the Fed may cut interest rates as early as July.
Analysts Say BTC Could Follow Equities to New All-Time Highs
With equities surging, crypto strategists say conditions are increasingly favorable for Bitcoin to challenge its record price levels.
“U.S. stock futures nearing all-time highs, fueled by geopolitical easing and Fed rate-cut expectations, are bolstering investor risk appetite as Bitcoin’s recent rebound increased speculation of a new record high in the near future,” Nick Ruck, director at LVRG Research, told reporters.
Ruck noted that if the Fed signals a clear pivot in July, “sustained equity momentum and institutional inflows could propel BTC past its $109,000 resistance into a new price discovery phase.”
While Bitcoin has spent much of June consolidating near the $107,000–$108,000 band, derivatives market data suggests traders are positioning for an eventual breakout. Futures open interest remains elevated, and funding rates have crept higher in recent days, indicating renewed directional bets.
Resistance Tests and Market Volatility Loom
Despite the bullish backdrop, Bitcoin has struggled to decisively clear $108,000—failing three breakout attempts in the past week alone.
Jeff Mei, COO at crypto exchange BTSE, remains confident the rally is not over.
“Conditions are ripe for Bitcoin to surpass its previous all-time high of about $112,000, especially given that the Iran-Israel conflict seems to be over for the time being,” he said.
BitMEX founder Arthur Hayes echoed that sentiment in a Thursday post on X, declaring that “Bitcoin all-time highs are coming,” as the U.S. edges closer to stablecoin regulation and monetary policy shifts.
Markets now await the Federal Reserve’s Personal Consumption Expenditures (PCE) inflation report due Friday. Analysts say a weaker-than-expected print could ignite further risk-on flows across stocks and crypto.
Quick Facts
- S&P 500 and Nasdaq futures hit new record highs Thursday, lifting sentiment across risk assets.
- Bitcoin remains below key resistance near $108,000 but has held gains over the past week.
- Analysts expect a dovish Fed pivot could push BTC into a fresh all-time high.
- Upcoming U.S. inflation data could drive short-term volatility in crypto markets.
