The S&P 500 climbed to fresh highs this week, breaking above the $7,000 level for the first time as momentum returned to U.S. equities.

At the same time, the broader crypto market has shown signs of recovery, with total market capitalization excluding stablecoins rising back toward $2.2 trillion. Together, the moves point to a broader return in risk appetite across financial markets.

S&P 500 breakout signals renewed momentum

Recent price action shows the S&P 500 pushing decisively above prior resistance near $7,000, marking a continuation of its upward trend after weeks of consolidation.

The rally has been supported by strong bullish candles, suggesting sustained buying pressure rather than a short-lived spike. The Relative Strength…