Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Dogecoin 
Wall Street showed much resilience yesterday, with the S&P 500 once again hanging on a key technical support level. That’s leading to a further bounce today with US futures now sitting up 0.6%. In Europe, that’s also translating to more solid gains across the board as the risk mood perks up.DAX +0.8%CAC 40 +0.5%UK FTSE +1.0%IBEX +1.4%FTSE MIB +1.2%Of note, the Stoxx 600 index is hitting record highs today but we’re starting to see major benchmark indices also gear up for such a move.The DAX is about just over 1% away from its own record highs, with the CAC 40 just a whisker away by around 0.4%. In the UK, the FTSE 100 is already at fresh record highs after the inflation data earlier today here.Meanwhile, the IBEX is also just 0.3% away from its record highs with the FTSE MIB not too far away being just under 2% away from its own record highs.With worries about the AI trade and investors seeking alternatives to dollar-denominated trades, Europe is one spot that is seen picking up already since Q4 last year. Investors have already piled a lot of money into emerging markets but Europe also acts as an alternative hedge to broader market risks in general. Or should I say a hedge to the “US exceptionalism” trade, driven by big tech.Besides diversification risks, valuations are also viewed better and more attractive in Europe. Perhaps the only real drag has been a stronger euro currency and lesser tech-related exposure diamonds in the rough to pick from.
This article was written by Justin Low at investinglive.com.
đź’ˇ DMK Insight
The S&P 500’s bounce off a key support level is a bullish signal for traders right now. With US futures up 0.6%, this momentum could spill over into crypto, particularly SOL, which is currently priced at $83.64. If SOL can maintain its position above recent support levels, it might attract more buying interest, especially from retail traders looking to capitalize on the broader market’s risk-on sentiment. Keep an eye on the correlation between equities and crypto; a sustained rally in the S&P could lead to increased inflows into altcoins like SOL. However, if the S&P fails to hold this support, we could see a quick reversal, impacting SOL negatively. Watch for SOL to either break above $85 for a potential rally or test lower support levels if the equity market falters.
đź“® Takeaway
Monitor SOL’s performance around $85; a breakout could signal further upside, while failure to hold support may lead to declines.
