The S&P 500 index closed above 6,900 points following a 25 basis point rate cut by the Federal Reserve, which increased market liquidity and drove stock prices higher. Additionally, the U.S. Treasury's $12.5 billion debt buyback contributed to easing bond yields. In contrast, the cryptocurrency market remained cautious, with Bitcoin experiencing a brief dip before a modest recovery. Market participants are closely monitoring the impact of increased liquidity and regulatory concerns, particularly regarding Countering the Financing of Terrorism (CFT) measures, on the crypto sector. Fiscal deficits reaching $457.6 billion in the first two months of the fiscal year have also raised questions about future borrowing and policy directions.