US stock futures are at record highs as the country’s largest markets are nearing their peaks, which could help propel Bitcoin to reach another all-time high, according to analysts. 

S&P 500 futures entered new all-time high territory on Thursday with the index tapping 6,145 points, surpassing February’s peak. The tech-heavy Nasdaq Composite futures also hit a peak at 20,180 around the same time. 

The S&P 500 has gained 23% since its April 8 crash as trade tariff shocks ease and a ceasefire between Israel and Iran appears to hold.

Stock futures are derivative contracts where traders agree to buy or sell a specific stock index, such as the S&P 500, at a set price at a future expiration date. They trade overnight and before markets open, often providing insight and signals on how stocks might open the following day. 

The rally came as investors digested new reasons to believe the Federal Reserve may cut interest rates as early as July, Yahoo Finance reported.

Analysts have been weighing in on the prospect of Bitcoin 

BTC$106,798following stocks to a new all-time high. 

“US stock futures nearing all-time highs, fueled by geopolitical easing and Fed rate-cut expectations, are bolstering investor risk appetite as Bitcoin’s recent rebound increased speculation of a new record high in the near future,” Nick Ruck, director at LVRG Research, told Cointelegraph. 

He added that sustained equity momentum and institutional inflows “could propel BTC past its $109,000 resistance into a new price discovery phase” if the Fed rate cut happens “in the coming months.”

Bitcoin ripe for all-time highs

Jeff Mei, chief operations officer at crypto exchange BTSE, told Cointelegraph that “conditions are ripe for Bitcoin to surpass its previous all-time high of about $112,000, especially given that the Iran-Israel conflict seems to be over for the time being.” 

Meanwhile, BitMEX founder Arthur Hayes posted to X on Thursday that Bitcoin all-time highs “are coming,” and pointed to the passage of stablecoin regulations in the US and the easing tensions in the Middle East.