BTC
$105,354.93
+
3.62%
ETH
$2,422.50
+
7.31%
USDT
$1.0005
–
0.02%
XRP
$2.1925
+
8.85%
BNB
$640.23
+
3.02%
SOL
$144.60
+
7.38%
USDC
$0.9998
–
0.05%
TRX
$0.2718
+
1.82%
DOGE
$0.1639
+
7.05%
ADA
$0.5836
+
6.90%
HYPE
$36.85
+
3.72%
WBT
$48.14
+
0.37%
SUI
$2.8028
+
11.23%
BCH
$461.26
+
1.71%
LINK
$13.16
+
10.69%
LEO
$9.1283
+
1.85%
XLM
$0.2474
+
6.99%
AVAX
$18.14
+
5.69%
TON
$2.9071
+
5.31%
SHIB
$0.0₄1173
+
8.41%
By Omkar Godbole|Edited by Sheldon Reback
Jun 24, 2025, 8:50 a.m.
- E-mini Nasdaq-100 futures rose over 1% on Tuesday, nearing the record high reached in December.
- A bullish golden cross appeared on the daily chart, indicating a potential major uptrend.
- Nasdaq and bitcoin often move together, suggesting the golden cross could encourage bitcoin bulls.
E-mini Nasdaq-100 (NDX) futures rose over 1% Tuesday, narrowly missing the record high $22,425 hit Dec. 17, according to data source TradingView, a sign that might embolden bitcoin
bulls because the two tend to move in tandem.
More evidence comes from the daily chart of NDX futures, which flashed a bullish golden cross, with the 50-day simple moving average (SMA) moving above the 200-day line.
STORY CONTINUES BELOW
A golden cross is a sign that the short-term trend is now outperforming the broader momentum with the potential to evolve into a major uptrend.
According to an analysis by CNBC, the golden cross is a reliable indicator for the futures, with the index rising over 70% of the time after one appears. The index surged 34% to 18,328 in a year after the occurrence of the previous golden cross on March 13, 2023.
Note that BTC’s rally has stalled above $100,000 since it chalked out a golden cross on May 23. The moving average-based indicator has a mixed record of predicting price trends in the bitcoin market.
Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
