The US stock market closed with significant gains, as the S&P 500 rose by 1.6% and the tech-heavy Nasdaq 100 jumped 2.7%. This surge marks the Nasdaq's best daily performance since May. The positive performance in traditional equities provides a favorable backdrop for risk assets, including cryptocurrencies. The correlation between high-growth tech stocks and digital assets continues to be a key monitor for traders. This risk-on sentiment in traditional equities often correlates with broader liquidity flows that can impact crypto markets, especially leading into the end of the year. [Update 1] Additional commentary highlights that December has historically seen strong inflows for equities, fueling speculation about a potential year-end rally that could spill over into crypto markets.