S&P 500 and Nasdaq Record Surge Sparks Crypto Rally
The financial markets are witnessing a historic "green day" as both traditional equities and digital assets surge in tandem. On Friday, May 1, 2026, the US stock market opened with massive momentum, adding over $400 billion in market capitalization within the first minutes of trading. Both the S&P 500 and the Nasdaq have hit fresh all-time highs, fueled by a combination of strong corporate earnings and a significant de-escalation in global geopolitical tensions.
This bullish sentiment has immediately spilled over into the cryptocurrency sector. Bitcoin ($BTC) has officially broken through the $78,000 resistance level, while Ethereum ($ETH) has reclaimed the psychological $2,300 mark.
Why is Crypto Up?
Investors are reacting to news that Iran has submitted a new proposal for negotiations with the United States via Pakistani mediators. This development, reported late Thursday, has raise...
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