According to @StockMKTNewz, the combined market capitalization of the S&P 500 has risen back above 60 trillion dollars. Source: @StockMKTNewz on X, Nov 29, 2025. Crypto market depth and trading volumes tend to concentrate during U.S. trading hours when the equity market is most active, making SPX moves relevant for BTC and ETH liquidity. Source: Kaiko Research, 2024 analysis of intraday liquidity by region. BTC’s rolling correlation with the S&P 500 has frequently approached zero in 2023–2024, limiting reliable directional read-throughs from equity milestones and emphasizing a liquidity-focused approach. Source: Kaiko Research, 2024 correlation metrics.