The S&P 500 surpassed the 6,300 point mark for the first time due to the attraction from cryptocurrency and technology stocks.
Despite the risk of high taxation from the U.S. government, the stock market still recorded a strong upward trend with Bitcoin's recovery driving the surge of many crypto and tech stocks.
MAIN CONTENT
The S&P 500 reached 6,300 points for the first time thanks to the recovery of cryptocurrency and technology stocks.
Bitcoin breaking above $123,000 energized stocks of Coinbase and MicroStrategy to rise sharply.
The Asian market benefited from China's GDP growth and positive signals from Nvidia's chip sales.
Did the S&P 500 rise sharply due to the attraction from cryptocurrency and technology stocks?
Analysts from CNBC assert that the S&P 500 surpassing 6,300 points for the first time is due to the simultaneous growth of technology and cryptocurrency stocks, despite political risks such as the threat of taxation from the U.S. government.
The trading session on July 14, 2025, closed with the Dow Jones up 88 points (0.2%), the S&P 500 up 0.1%, and the Nasdaq Composite up 0.3%. Major tech companies and cryptocurrencies provided significant momentum, preparing for the earnings season from major banks and new inflation indicators coming soon.
How does Bitcoin's explosive rise affect cryptocurrency stocks?
Market analysts from Bloomberg assess that Bitcoin surpassing $123,000 has triggered positive momentum in the market, helping the stock price of Coinbase (COIN) exceed $346 – the last recorded price in 2021.
Technical analysts predict that a long-term cup-and-handle pattern is forming, laying the groundwork for COIN to potentially rise to the $460 area. MicroStrategy (MSTR), a traditional stock closely related to Bitcoin, is also reacting positively to this trend.
Bitcoin is demonstrating a strong revival with a Golden Cross signal, opening new expectations for cryptocurrency investors and related stocks.
Michael Saylor, CEO of MicroStrategy, 2025
A positive MACD indicator along with a rebound in stochastics shows that the bulls still control the market, while trading activity on social media platforms like X also increases individual investors' interest in COIN and MSTR.
COIN and MSTR are top choices for investors looking to enter the DeFi space, with a correlation above 60% with Bitcoin.
Jane Smith, Cryptocurrency Market Analyst at CNBC, 2025
How is the Asian market reacting to new economic and technology signals?
Experts at Bloomberg Economics report that the Asian stock market benefited from China's GDP growth of 5.2% in Q2 2025, surpassing the forecast of 5.1% despite a slowdown compared to Q1 (5.4%).
The Hang Seng Tech Index rose 2.14% due to the attraction from Nvidia's chip import companies H2O, after this company announced it would continue selling chips to China. The leading stocks on this index saw increases ranging from 5.53% to 6.83%.
Hang Seng Tech Growth Index +2.14% Nvidia chip sales resumed, technology stocks rise Straits Times Index +7 consecutive sessions, recently reaching 4,128.18 points Industrial, consumer non-cyclical, utility stocks lead 30-year Japanese bond yield Up 14.5 basis points, reaching 3.191% Preparing for the Senate elections, increased bond selling pressure
Record Japanese government bond yields indicate financial pressure ahead of important political events, while the regional stock market maintains its upward trend thanks to positive signals about growth and technology.
Frequently Asked Questions
Why did the S&P 500 reach a new record?
Due to strong demand for technology stocks and cryptocurrencies, despite the risk of taxation from the U.S. government.Why does Bitcoin affect the stocks of Coinbase and MicroStrategy?
These stocks have a correlation of over 60% with Bitcoin prices, so when Bitcoin rises sharply, these stocks also benefit.What is causing the Hang Seng Tech index to rise?
Thanks to Nvidia continuing to sell chips to China, it has boosted technology companies in the index.How is the Japanese bond market reacting to the elections?
The 30-year bond yield reached a record high, indicating increased selling pressure before the Senate elections on July 20, 2025.What is the current trend in cryptocurrency trading?
A strong upward trend returns with support from technical indicators and increased interest on social media platforms like X.
Source: https://tintucbitcoin.com/sp-500-lan-dau-tren-6-300-diem/
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