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.