S&P 500 Hits Record $6,900 as Crypto Market Stalls Under $3T
The S&P 500 reached an all-time high of 6,900 on Tuesday, extending a broad equity rally even as the total crypto market cap sits stubbornly below $3 trillion. Equities are drawing fresh momentum from risk-on flows and positive macro data, while digital assets have failed to generate comparable buying pressure and remain rangebound.
The divergence matters because it signals where investors are allocating fresh capital and how market sentiment is evolving. Crypto's muted performance could reflect regulatory uncertainty, slower retail participation, or a lack of clear catalysts; any shift in ETF flows, macro releases or policy moves could change the picture quickly. Market participants will be watching whether cryptocurrencies can regain momentum or continue to trail a buoyant equities market.