#StablecoinPayments Cryptocurrency analyst Kevin Svenson said he is feeling optimistic about Bitcoin (BTC) as the S&P 500 index – representing the US stock market – is breaking a long-term downtrend. According to him, positive sentiment in the traditional market often spreads to risk assets like cryptocurrency, creating conditions for BTC to rise.

"When US stocks rise, investors tend to feel more confident in speculating on assets like Bitcoin," Svenson shared with over 82,000 followers on his YouTube channel.