S&P 500 Remains Strong as Bitcoin Slides to a 1-Year Low

In a report from Beincrypto, US equities advanced toward record highs, driven by strong earnings, AI stocks, and improving market breadth, while Bitcoin fell below $65,000, hitting a one-year low as capital rotated toward profit-backed assets. The S&P 500 climbed to $6,976 before correcting, earlier closing just shy of its prior record and then moving higher in subsequent trading.

Large-cap technology and semiconductor stocks led the latest leg higher, with Alphabet rising to a new record, Amazon advancing ahead of earnings, and chipmakers posting broad-based gains. Corporate results remain the central driver, with analysts now expecting close to 11% earnings growth for the December quarter and more than 80% of reporting firms having exceeded expectations so far.

Market breadth also improved as small-cap stocks outpaced megacaps, supporting the broader rally so long as earnings momentum holds. Crypto markets diverged as Bitcoin underperformed, extending a downtrend amid fading momentum and reduced speculative appetite.

United States