U.S. equities just hit a milestone—the S&P 500 closed above 6,975 for the first time ever. This marks another breakthrough as traditional markets ride strong momentum and growing investor appetite. What's interesting? When legacy markets rally like this, crypto markets tend to follow suit. Risk-on sentiment spills across asset classes. The sustained push higher reflects broad confidence in U.S. equities despite global uncertainties. For traders tracking both traditional and crypto markets, this S&P performance sets the macro backdrop—strong economic signals, bullish risk appetite, and conditions that typically support digital asset demand. Keep an eye on whether this momentum sticks or pulls back in coming sessions.