According to @KobeissiLetter, the S&P 500 closed up 0.7% today, with total market cap rising by approximately $2.5 trillion since last week’s low. Source: The Kobeissi Letter on X, Nov 26, 2025. Historically, higher U.S. equity performance has coincided with stronger crypto returns due to a positive, time-varying BTC–S&P 500 correlation observed in 2020–2022. Source: IMF blog by Iyer, Le Roux, and Papageorgiou, Crypto Prices Move More in Sync With Stocks, Jan 2022. U.S. stock markets observe Thanksgiving closures while crypto trades 24/7, so any crypto price action in BTC and ETH can unfold while equities are shut. Source: NYSE Holiday Calendar 2025; Binance Academy, Cryptocurrency markets trade 24/7.