According to The Kobeissi Letter, S&P 500 futures surged over 1% following news that US Treasury Secretary Bessent will meet with China's lead economic official this week (source: The Kobeissi Letter, May 6, 2025). This development signals a potential thaw in US-China economic relations, which could reduce global market uncertainty and support risk-on sentiment. For cryptocurrency traders, improved US-China dialogue often correlates with higher capital flows into digital assets, as easing tensions may encourage broader institutional participation and increased liquidity in Bitcoin and altcoins. The positive reaction in equity futures highlights a likely spillover of risk appetite into major crypto markets.

According to The Kobeissi Letter, S&P 500 futures surged more than 1% following confirmed news that US Treasury Secretary Bessent will meet with China’s lead economic official this week (source: @KobeissiLetter, May 6, 2025). This development indicates renewed optimism in global equity markets and may boost risk appetite across financial assets. For crypto traders, such positive sentiment often translates to increased inflows into major cryptocurrencies like Bitcoin and Ethereum, especially as correlation between US equities and digital assets remains high during global macro events. Market participants should watch for spillover volatility in crypto pairs, as stronger equities frequently signal bullish momentum in digital asset markets.