The market's keeping a close eye on several heavyweight developments this morning. On the economic front, growth figures are coming in solid, suggesting momentum hasn't stalled despite lingering uncertainties. Then there's the tariff situation—the anticipated move on semiconductor duties is being delayed, which is catching traders' attention as it could ease near-term supply chain pressures.

Meanwhile, the S&P 500 is making headlines with fresh record closes, signaling renewed investor confidence. It's the kind of macro backdrop that tends to ripple through the broader asset space, including crypto markets where macroeconomic winds often shift sentiment. Whether this rally legs higher or consolidates depends on whether these tailwinds hold or face headwinds ahead.