According to @ReutersBiz, global equities rose while safe-haven assets including gold and government bonds fell on signs of easing US-China trade tensions, source: Reuters Business reut.rs/4owIDFM. For crypto trading, this risk-on backdrop is material because BTC and ETH have shown increased correlation with equities since 2020, indicating higher sensitivity to macro news flow, source: IMF blog Crypto Prices Move More in Sync With Stocks, imf.org, January 2022.

According to The Kobeissi Letter, Bitcoin has surged above $105,000 as markets respond to heightened uncertainty, positioning the cryptocurrency just 3.5% away from reaching a new all-time high. The Kobeissi Letter highlights the importance of monitoring Bitcoin alongside traditional safe havens like gold and bonds, as this rally indicates shifting investor sentiment and increased demand for decentralized assets. This breakout is likely to attract momentum traders and could trigger significant volatility in the crypto markets as participants watch for a potential new high (Source: The Kobeissi Letter on Twitter, May 18, 2025).