- This Friday, the US stock indexes, S&P 500, Nasdaq and Dow, ended higher.
- In the virtual currency market, the market capitalization increased by 7.49%.
- There may be several factors behind this rise.
Three US stock indexes closed higher on Friday, potentially paving the way for a surge in the global crypto market. This is around the same time that India and the US announced their tentative agreement and Mary Daly expressed the need for further interest rate cuts. Karshi traders expect the odds to be low. $ATH for $BTC and $ETH In 2026.
Highest price of US stock index
All three US stock indexes, the S&P 500, NASDAQ, and Dow, ended higher, with the Dow hitting a record high of 2.47%. This was followed by the NASDAQ (2.18%) and the S&P 500 (1.97%). The Dow continued to hit the $50,000 milestone. Much of this can be attributed to clarifying AI-related concerns.
Amazon and Alphabet have announced intentions to increase spending on AI data centers. Last week, the emergence of AI as a competitor hurt companies, reducing profit margins.
Additionally, a statement from San Francisco Fed President Mary Daly emphasized the need for interest rate cuts. Mary said the current situation in the labor market is unstable and further rate cuts may be necessary. The probability that the US Federal Reserve will cut interest rates after its March meeting is currently 22.7%.
Rapid rise in the virtual currency market
The high value of the US stock index has elicited investor confidence and further reflects the recent price rally across the crypto market. Even though the FGI remained in the single digits by 8 points, the overall market capitalization increased by 7.49% to $2.41 trillion. $BTC has returned to the $70,000 level and could test levels around $71,000 to avoid the expected low of $60,000.
Key data on inflation and employment for January 2026 is expected to be released next week. The likelihood of a rate cut could be revised, especially if inflation indicators become firmer. Thereby, it will have some influence on the price of the virtual currency market.
Notably, at the same time as India and the US announced the confirmation of a tentative agreement, US stock indexes and crypto markets received positive news. Although the recently agreed deal has not yet been signed or entered into force, both countries are optimistic about bringing its benefits home. If true, it signals stability between the world’s two largest economies.
Any $ATH Insight?
record high for $BTC and $ETH It is unlikely to debut in 2026. This is not contrary to the overall bull market expectations. However, it hints at possible outcomes by the end of the year. Kalsi Traders puts the probability of Bitcoin token reaching $100,000 in 2026 at 45%. In this regard, the prediction for Ethereum token is 25% probability to the $4,000 line.
Kalsi Traders previously indicated that its flagship token could reach $64,000 this year, and revised the lower limit to $60,000 with a 90% probability.
