• 27 June 2025
• |
• 12:56

With Wall Street futures pushing into record territory, momentum in traditional markets may be setting the stage for a Bitcoin rally.

The S&P 500 and Nasdaq futures both hit new highs, signaling investor optimism driven by receding geopolitical tensions and expectations of a Federal Reserve rate cut this summer.

The S&P 500 has surged more than 20% since April, brushing off recent market shocks. Nasdaq futures climbed alongside it, buoyed by signs of easing trade disputes and a lull in Middle East conflict. This resurgence in equities is fueling speculation that Bitcoin may be the next to benefit from improving risk sentiment.

Bitcoin, meanwhile, has hovered just below $108,000 for most of the week, repeatedly testing resistance without a breakout. Some analysts believe a rate cut could tip the balance. According to LVRG Research, if equities maintain their upward trajectory and capital continues flowing into crypto, BTC could surpass $109,000 and enter price discovery mode.

Others point to the broader macro environment. BTSE’s Jeff Mei says geopolitical calm and growing regulatory clarity—particularly in the U.S. stablecoin space—are key ingredients for a potential breakout. Arthur Hayes, former BitMEX CEO, echoed that view, suggesting on social media that Bitcoin’s next all-time high may not be far off.

Still, technical barriers remain. BTC’s latest rally attempts have stalled, with traders citing options positioning and lack of volatility as limiting factors. Covered call strategies, in particular, are dampening upward movement.

Despite the stall at resistance, sentiment remains bullish. If traditional markets stay strong and the Fed delivers a rate cut, many believe it’s only a matter of time before Bitcoin reclaims its place in price discovery.

Next article