The S&P 500 index reached a historic milestone, crossing 6,300 for the first time, thanks to favorable market conditions influenced by strong technology stock performances and Bitcoin’s surge.
Bitcoin’s significant increase beyond 123,000 USD has positively impacted related stocks like Coinbase and MicroStrategy. Analysts predict Bitcoin could rise towards 134,500 USD with strong support at 108,300 USD.
Asian markets reacted positively to better-than-expected economic growth data from China, further driving market confidence and investor interest in tech and crypto stocks.
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