Analysis: Tech Stocks Rally Pushes U.S. Equities to New Highs; Bitcoin Hits $75,000

According to Cointelegraph, bolstered by gains in tech stocks and optimistic market expectations that tensions between the U.S. and Iran may ease, the Nasdaq Composite Index rose 1.59% to 24,016.02 on Wednesday—the highest level ever recorded. The S&P 500 Index climbed 0.8% to 7,022.95, also reaching a new all-time high. Meanwhile, Bitcoin briefly hit $75,229, rising 1.07% over the past 24 hours and gaining nearly 10% over the past two weeks. Citing Tom Lee, Chief Investment Officer at Fundstrat, the report notes that the next phase of upward momentum may be driven by Bitcoin, Ether, and technology stocks.