US Stock Market Rally Fuels Crypto Stocks but Bitcoin and Ethereum Prices Lag Behind

The recent surge in the S&P 500 index to over 7,000 points has been driven by President Trump's presidency, delivering the best returns for the US stock market since 2001.

This rally has also led to gains in top crypto stocks, including Coinbase (COIN), Circle (CRCL), and Strategy (MSTR). However, Bitcoin and Ethereum prices have failed to mirror the S&P 500 gains, trading significantly below their record highs.

Bitcoin needs to break past $79,000 to keep pace with the S&P 500. If it succeeds, bulls will push for a strong bullish trend above $85,446. Meanwhile, Ethereum has been moving within an ascending channel and needs to hold its midline support to maintain a bullish outlook.