S&P 500 Hits 7,534 as Brent Drops Below $100; Focus Turns to Bitcoin Correlation

On May 25, 2026, the S&P 500 reached a record 7,534 while Brent crude fell back below $100 per barrel amid optimism around a possible U.S.-Iran framework tied to reopening the Strait of Hormuz. The move renewed discussion over whether Bitcoin could track a risk-on equity surge, even as spot BTC ETF flows had not yet flipped positive after a weak week.