US stock market makes new all-time high as Bitcoin tumbles to $102k

The US stock markets touched new heights as the S&P 500 surged to new heights on Thursday. It reached to an intraday record of 6,100.81, accordi ng to current data from Google Finance. Though it settled slightly lower at 6,086.37 by the market’s close, it still remains within striking distance of its last all-time high of 6,090.27 at press time. This is a rebound from December’s sluggish performance, where the index fell 2.5%, largely due to diminishing hopes for rate cuts by the Federal Reserve in 2025. Jamie Dimon preaches caution Jamie Dimon, CEO of JPMorgan Chase, gave Wall Street bros a reality check yesterday at the World Economic Forum in Davos, Switzerland, pointing out that asset valuations are in the top 10% to 15% of historical levels, which means that today’s optimism is riding a razor-thin edge. While he refrained from forecasting an imminent crash, Jamie did talk about the importance of a solid economic foundation to justify current price levels because according to him, “the margin for error is smaller.” While the US stock market basked in its record-breaking glow, Bitcoin is telling a different story. The OG crypto, which had recently smashed past $109,000 to achieve a fresh all-time high, has plummeted to $102,000 as of press time. The market keeps sliding, even after the SEC announced its new Crypto Regulatory Task Force. The bulls are clearly struggling to maintain their momentum because the so-called ‘crypto president’ Trump has remained very vague about his plans, though it’s only day 3. Perhaps today he’ll mention that promised Bitcoin strategic reserve. The market is looking for a boost XRP and SOL got a little boost, climbing 3.4% and 4.1% after a screenshot of the Chicago Mercantile Exchange (CME) offering XRP and SOL futures started circulating on X. As Cryptopolitan reported yesterday, the CME was quick to clarify that the webpage was a mistake and that no official decision had been made about launching those futures. Meanwhile, QCP’s latest analysis said traders are flocking to options for protection. There was a big spike in interest for January $95K Bitcoin puts as people scrambled to hedge against more downside after BTC lost steam during the US session. This was a complete flip from the bullish vibes earlier in the day when traders were stacking up on calls during the Asia and London sessions. With no major news expected before next week’s FOMC meeting, the market looks stuck for now. From Zero to Web3 Pro: Your 90-Day Career Launch Plan