US Stock Futures Break Records Amid Fed Rate Cut Hopes

• Thursday saw the S&P 500 index touch 6,145 points, exceeding February’s top.
• Some experts have speculated that Bitcoin may reach a new all-time high in the same way that stock prices have.

Analysts predict that Bitcoin’s price may hit new all-time highs if US stock futures continue their record highs and the country’s biggest markets approach their peaks.

Thursday saw the S&P 500 index touch 6,145 points, exceeding February’s top, while the futures for the index reached new all-time high territory. This is also around when the tech-heavy Nasdaq Composite futures peaked at 20,180.

The trade tariff shocks have eased and the peace between Israel and Iran looks to have held, leading to a 23% rise for the S&P 500 from its April 8 meltdown.

All Eyes on Fed

In stock futures, a trader commits to purchasing or selling an underlying stock index, such the S&P 500, at a predetermined price and on a future expiry date. Before the markets open for the day, they trade, and their signals and insights could help predict how equities will perform when the market opens.

According to Yahoo Finance, the surge occurred as investors absorbed fresh evidence suggesting the Federal Reserve would lower interest rates as soon as July. Some experts have speculated that Bitcoin may reach a new all-time high in the same way that stock prices have.

Thanks to geopolitical easing and anticipation of a Fed rate drop, US stock futures are getting close to all-time highs, which is increasing investor risk appetite. Meanwhile, one analyst claims that Bitcoin’s recent resurgence has fuelled speculation of a new record high soon.

At least three times this week, Bitcoin has been unable to breach the $108,000 resistance level. Since Thursday, when it attempted to trade at $107,400, it has dropped.

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