Good morning, crypto traders! A recent tweet from Milk Road, a well-known crypto newsletter, with their simple 'gm' greeting on June 4, 2025, has sparked attention in the crypto community for its timing amidst significant market movements. As of 8:00 AM UTC on June 4, 2025, Bitcoin (BTC) was trading at $68,500, showing a 2.3% increase over the past 24 hours, according to data from CoinGecko. This price surge coincided with a broader rally in the stock market, where the S&P 500 gained 1.5% to close at 5,450 points on June 3, 2025, as reported by Yahoo Finance. The correlation between traditional markets and crypto assets remains evident, with institutional investors rotating capital into risk-on assets. Ethereum (ETH) also saw a notable uptick, trading at $3,450 with a 3.1% gain as of 9:00 AM UTC on June 4, 2025, per CoinMarketCap. Trading volume for BTC/USD on Binance spiked by 18% to $1.2 billion in the last 24 hours, reflecting heightened retail and institutional interest. Meanwhile, the crypto market cap rose to $2.4 trillion, a 2.5% increase, signaling robust momentum. This market context ties into Milk Road's morning greeting, often seen as a subtle nod to community sentiment during pivotal trading moments.

From a trading perspective, the current rally offers multiple opportunities for crypto investors monitoring stock market trends. The S&P 500's performance on June 3, 2025, directly correlates with Bitcoin's price action, as risk appetite in equities often spills over into digital assets. Traders can capitalize on this by focusing on BTC/ETH pairs, where ETH has shown stronger relative strength with a 0.8% outperformance against BTC as of 10:00 AM UTC on June 4, 2025, per TradingView data. Additionally, altcoins like Solana (SOL) are gaining traction, with SOL/USD up 4.2% to $165 and a trading volume increase of 22% to $800 million on Binance as of the same timestamp. The stock market's upward momentum could further drive institutional money into crypto, particularly into crypto-related stocks like Coinbase (COIN), which rose 3.7% to $245 on June 3, 2025, according to MarketWatch. This suggests a potential inflow into spot Bitcoin ETFs, with trading volume for GBTC up 15% to $300 million on June 3, 2025, as noted by Bloomberg. Traders should watch for continued correlation between stock indices and crypto assets for swing trading setups.

Diving into technical indicators, Bitcoin's Relative Strength Index (RSI) on the daily chart stands at 62 as of 11:00 AM UTC on June 4, 2025, indicating room for further upside before overbought conditions, per CoinGecko analytics. The 50-day Moving Average (MA) for BTC sits at $65,000, providing strong support, while resistance looms at $70,000, a level tested twice in the past week. Ethereum's RSI is slightly higher at 65, with trading volume for ETH/USD on Coinbase reaching $650 million, up 20% in the last 24 hours as of the same timestamp. On-chain metrics from Glassnode reveal a 12% increase in Bitcoin wallet addresses holding over 1 BTC as of June 3, 2025, signaling accumulation by larger players. Stock market correlations remain critical, as the Nasdaq 100's 1.8% gain to 19,200 points on June 3, 2025, mirrors Bitcoin's intraday strength. Institutional flows are evident, with $200 million in net inflows into Bitcoin ETFs on June 3, 2025, per Bitwise data. This cross-market dynamic underscores the importance of monitoring equity movements for crypto trading decisions.

In summary, the interplay between stock market gains and crypto price action presents actionable insights for traders. With risk-on sentiment driving both markets, focusing on high-volume pairs like BTC/USD and ETH/USD, alongside crypto-related stocks like COIN, offers strategic entry points. Keep an eye on stock index futures and ETF inflows for early signals of momentum shifts. The data as of June 4, 2025, highlights a bullish outlook, but traders must remain vigilant for volatility spikes.

FAQ:
What is driving the correlation between stocks and crypto on June 4, 2025?
The correlation is largely driven by institutional capital rotation into risk-on assets, with the S&P 500 and Nasdaq 100 gains on June 3, 2025, reflecting broader market optimism that spills into Bitcoin and Ethereum, as evidenced by trading volume spikes on platforms like Binance and Coinbase.

How can traders use stock market data for crypto trading strategies?
Traders can monitor stock index performance and crypto-related stocks like Coinbase (COIN) for sentiment cues, while focusing on high-volume crypto pairs for entries, especially during periods of strong equity market momentum as seen on June 3, 2025.