Despite a nearly flat close for the S&P 500, underlying market internals revealed a widespread pullback masked by a few top performers like Meta, alongside rising Treasury yields and banking sector pressure.

As Wall Street turns bullish and September anxieties fade, Bitcoin rises over six percent to near eighty-six thousand dollars. Analysts debate whether the cryptocurrency will maintain its correlation with the broader stock market rally.

Fundstrat head of research Tom Lee predicts a powerful face-ripping stock market rally driven by cooling oil prices, declining Treasury yields, a potentially softer Federal Reserve stance, and widespread oversold conditions.