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Bitcoin rebounds above $64K as S&P 500 hits new record highs amid cautious market sentiment

Market News
05 Aug 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Bitcoin recovered from a dip below $62K to trade around $64,300, buoyed by the S&P 500 reaching fresh all-time highs above 7,050. This rally shows the usual pattern where crypto prices follow traditional equities, though market sentiment remains fearful with the Fear and Greed Index at 27. Despite gains in some lower-cap tokens like Uniswap and Zcash, overall crypto performance is flat, reflecting cautious investor behavior. Investors should watch Bitcoin's $62K support and $65K resistance levels for clues on the next move, while Michael Burry's recent 40% loss on a bearish equity bet highlights the market's strong upward momentum.

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