Nasdaq, S&P 500 Hit Record Highs; Block Joins S&P 500

The S&P 500 Index and the Nasdaq reached new all-time highs on July 21, 2025. Block, Inc. is set to join the S&P 500 on July 23.

Market reactions indicate increased investor confidence, as evidenced by subsequent upward movements in major cryptocurrency like Bitcoin. Block’s inclusion is seen as a major milestone, influencing institutional investment trends.

Nasdaq, S&P 500 Surge on Block’s S&P Inclusion

The S&P 500 and Nasdaq posted record highs on July 21, suggesting strong investor sentiment across key equities. Block, Inc., previously known as Square, will officially join the S&P 500 Index on July 23, a strategic move celebrated internally by the firm and noted across financial markets.

Investors have reacted with optimism to Block’s impending inclusion, pushing its stock price upward. This event coincides with Bitcoin’s own record highs, surpassing $118,000, potentially attracting increased liquidity into the broader crypto market. Institutional interest in risk assets may lead to lasting impacts across multiple sectors.

“For up-to-date commentary, monitor my official Twitter and Block’s investor relations pages.” — Jack Dorsey, Co-Founder & CEO, Block, Inc.

Bitcoin Exceeds $118,000 Amid Institutional Interest

Did you know? Major fintech companies, when included in the S&P 500, often trigger institutional capital flows into digital finance, resembling the current situation with Block’s new status.

Bitcoin currently trades at $118,570.30 with a market cap of $2.36 trillion. It dominates 59.59% of the market and has experienced a 0.10% price change over the past 24 hours. Trading volume has seen an impressive movement, increasing by 33.51% to reach $66.70 billion, according to CoinMarketCap. The 90-day price change is notable, with a rise of 31.26%.

The Coincu research team highlights that such broad market rallies often herald increased risk-taking in crypto funds. Historical data points to similar equity surges aligning with crypto gains, suggesting further potential positive movements for other cryptocurrencies such as Ethereum and DeFi tokens.