S&P 500 Nears All-Time High After Stock Market Crash Recovery

Even after a major stock market collapse last week, the S&P 500 has bounced back strongly and stands just 2.5% shy of a record peak.

Bitcoin has tracked equity markets through 2026, influenced by comparable macroeconomic forces. Yet the downturn in crypto has barely shifted so far.

This is unbelievable.

The S&P 500 is now up 3.65% this week and just 2.5% away from a new ALL TIME HIGH.

This is happening despite a hotter than expected CPI print, and just one week after one of the biggest wipeouts in S&P 500 history. pic.twitter.com/ZqGsdWVEpu

— Bull Theory (@BullTheoryio) November 11, 2026

How the S&P 500 Bounced Back From Last Week’s Crash

Wall Street was hit hard by an AI-related selloff last week. The Nasdaq Composite dropped 5.5% on November 5, and the S&P 500 recorded one of its largest ever declines.

Stocks have now reclaimed much of those losses.

The recovery continued even after inflation figures came in hot. October's CPI increased 0.4% month on month, exceeding the 0.3% forecast. Core prices also rose 0.3% for the third month in a row.

Traders now assign an 87% probability to a Federal Reserve rate hike in December. Falling oil prices, however, helped ease some inflationary concerns.

A number of investors appear to have bought the dip in artificial intelligence and semiconductor stocks.

Can Bitcoin Follow the Rally Back to Its Highs?

Bitcoin has lagged behind: BTC is trading around $74,400, roughly 40% below its all-time high. Spot Bitcoin ETFs saw outflows of nearly $1.3 billion in early November. NVIDIA's troubles have also weighed on technology stocks, keeping crypto market participants cautious.

BTC has recently acted as a high-beta proxy for risk sentiment. So a fresh record in the S&P 500 could draw buyers back into the market.

Under that scenario, Bitcoin might first aim for its 50-day moving average near $82,000. Renewed inflows into ETFs would bolster that rebound.

#Bitcoin holds above the 200-Day MA.

That's great news.

It's not confirmed, yet.

I'd much want to see a clear breakthrough above the following levels and then I'm turning an absolute incredible bull.

– $75,000
– $77,200
– 21-MA

If that all happens, we're going to $100,000. pic.twitter.com/koIRsia16a

— Michaël van de Poppe (@CryptoMichNL) November 11, 2026

Concerns over rate hikes continue to dominate. Higher borrowing costs usually hurt non-yielding assets such as Bitcoin more than profitable firms. A stronger US dollar, driven by elevated rates, could also put pressure on cryptocurrency prices.

In that situation, Bitcoin might test its 200-day moving average, just above $73,000. A clear drop below that threshold would endanger the longer-term uptrend.

For the moment, the gap between equities and crypto remains wide. The Fed's December decision will likely determine which outcome materializes.