According to Evan (@StockMKTNewz) citing Tom Lee's comments on CNBC, Tom Lee stated that a new bull market began on April 7th and reaffirmed his S&P 500 year-end price target of 6,600. This continued bullish outlook for equities signals increased investor risk appetite, which historically supports higher inflows into crypto markets as institutional investors rebalance portfolios towards risk-on assets (source: @StockMKTNewz on Twitter, June 2, 2025). Traders should monitor S&P 500 momentum as a key indicator for potential crypto market rallies.