NEW YORK — The S&P 500 closed at a record high, reaching 7,737 after rising 1.8 percent and adding approximately $1.2 trillion in market value in a single session. The Nasdaq gained 2.6 percent to close at 26,585, driven by broad strength in technology and growth stocks.
Bitcoin trades at $64,200, up 0.8 percent over 24 hours. Ethereum holds at $1,872, up 0.3 percent. Despite the equity rally, the Crypto Fear & Greed Index sits at 25—extreme fear territory—a sharp divergence from the risk-on tone in traditional markets.
On-chain data tells the same story. Bitcoin exchange net flows are balanced, with no aggressive accumulation or heavy selling from large wallets. Spot Bitcoin ETF inflows have been muted this week, with institutional players consolidating rather than opening new positions. The market is in wait-and-see mode ahead of key macro data.
Solana trades at $74.01. XRP stands at $1.077. Across the board, digital assets are prioritizing stability over speculative moves in the immediate wake of the equity surge.
Attention now turns to the U.S. Consumer Price Index report due Aug. 10. That inflation print will drive Federal Reserve rate expectations and directly shape investor appetite for risk assets including crypto.
