**Crypto and Market Update: Bitcoin and S&P 500 See Modest Gains Amid Volatility**
The S&P 500 Index (SPX) and Bitcoin (BTC) both experienced notable rebounds from their mid-week lows, ending the week with marginal gains. The S&P 500 closed flat, while Bitcoin saw a slight increase of about 1%. The resilience in both markets suggests that lower levels are attracting buyers.
Bitcoin's price remains volatile, hovering around the psychological $60,000 mark. The Crypto Fear & Greed Index, which had dipped to 17/100, briefly rose to 48/100 before falling back to 25/100, indicating persistent market anxiety.
In the broader crypto market, institutional interest appears uncertain, with spot Bitcoin ETF inflows remaining inconsistent. Additionally, institutional stablecoin purchases have stalled, adding to the market's cautious sentiment.
Key levels to watch:
- **Bitcoin**: Support at $55,724; resistance around $70,000.
- **S&P 500**: Resistance at the 20-day EMA (5,393); support at 5,265.
Investors remain on edge, questioning whether the recent recovery will sustain or if higher levels will attract sellers. Stay tuned for further market developments.