According to The Kobeissi Letter, the S&P 500 has crossed above 6,500 for the first time in history on August 28, 2025, marking a fresh record milestone for U.S. equities, source: The Kobeissi Letter (X, August 28, 2025). For trade execution and risk management, breakouts at new highs are typically evaluated by technicians for a confirmed daily close and potential retest of the breakout zone to define support and invalidation levels, source: CMT Association, Technical Analysis body of knowledge (breakout confirmation and support-resistance retests). For crypto traders, BTC and ETH correlation with equities increased notably in recent years, so monitoring crypto price action around this equity breakout can help gauge broader risk-on sentiment transmission, source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks (IMF Blog, January 2022) and Global Financial Stability Report 2022.

According to @KobeissiLetter, the S&P 500 rallied 1.4% on rate-cut expectations and is now less than 50 points from the 6,500 mark for the first time in history, underscoring strong risk appetite in U.S. equities, source: The Kobeissi Letter on X, Aug 22, 2025. For crypto markets, this equity surge is trading-relevant because Bitcoin has exhibited heightened positive correlations with U.S. stocks in recent years, making major S&P 500 milestones pertinent to BTC and ETH sentiment, source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks, Jan 2022. Monitoring S&P 500 price action around 6,500 during U.S. hours can inform risk appetite for BTC and ETH given the documented equity-crypto co-movement, source: International Monetary Fund, Jan 2022; The Kobeissi Letter on X, Aug 22, 2025.