S&P 500 Hits All-Time High, Outperforms Bitcoin Significantly

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

Explore Agentic TradingLet AI Trade for You

S&P 500 Performance: As of June 1, 2026, the S&P 500 reached an all-time high of 7,617.66, following nine consecutive weeks of gains, indicating strong market confidence and a preference for equities, which is likely to attract further capital inflows.
Bitcoin Decline: During the same period, Bitcoin fell 13% to $71,350, suggesting that its appeal as a high-volatility asset is diminishing, as investors are taking on more risk without commensurate returns, potentially leading to capital outflows.
AI-Driven Market Dynamics: Goldman Sachs projects that AI investments will drive approximately 40% of S&P 500 earnings growth in 2026, highlighting the strong performance of tech stocks that further exacerbates Bitcoin's relative disadvantage.
ETF Liquidity Shift: Bitcoin ETF flows shifted sharply from $629.8 million in inflows to $268.5 million in outflows in May, indicating a waning confidence among institutional investors in Bitcoin, which may put further pressure on its price.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like BTC with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	63176.568	66931.624	70569.888	74324.944	77963.208	81718.264	85356.528
Fibonacci	66931.624	69755.872	71500.696	74324.944	77149.192	78894.016	81718.264

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on BTC?

Get Started Free