Analysis: US stock futures hit a record high, which may push BTC to break through the resistance level and hit a new high

Planet Daily News: U.S. stock index futures have reached historic highs, with analysts predicting this could drive Bitcoin to break through resistance and set a new record. S&P 500 futures broke through to 6,145 points on Thursday, surpassing the February peak, while Nasdaq Composite futures also reached a new high of 20,180 points. Since the crash on April 8th, the S&P 500 has risen 23%, mainly due to easing trade tariff impacts and the Israel-Iran ceasefire agreement. Nick Ruck, director of LVRG Research, stated that U.S. stock index futures approaching historic highs, combined with Bitcoin's recent rebound, increase expectations of it setting a new record soon. If the Federal Reserve cuts interest rates in the coming months, sustained stock market momentum and institutional capital inflows could push Bitcoin to break through the $109,000 resistance level. (Cointelegraph)