In a surprising turn of events, President Donald Trump made a public statement on June 12, 2025, expressing his admiration for Tesla, stating simply, 'I like Tesla,' as reported by The Kobeissi Letter on social media. This brief but impactful comment has sent ripples through both the stock and cryptocurrency markets, given Tesla's significant influence as a tech and electric vehicle giant and its historical ties to Bitcoin through CEO Elon Musk’s past endorsements. Tesla’s stock, traded under the ticker TSLA on NASDAQ, saw an immediate spike of 3.2 percent within the first hour of the statement at approximately 10:30 AM EDT, reaching a price of $248.50 per share, according to real-time market data tracked by major financial platforms. Trading volume for TSLA surged by 18 percent compared to the daily average, with over 25 million shares exchanged by 11:00 AM EDT. This heightened activity in Tesla’s stock has also sparked interest in the crypto space, particularly for Bitcoin (BTC) and other tokens associated with Musk’s ventures, as traders anticipate potential cross-market effects. The intersection of traditional finance and cryptocurrency markets is a focal point for investors looking to capitalize on sentiment-driven movements, especially considering Tesla’s past involvement in Bitcoin investments, where the company held over $1.5 billion worth of BTC on its balance sheet in 2021, as per earlier SEC filings.

From a trading perspective, President Trump’s comment on Tesla at 10:30 AM EDT on June 12, 2025, presents unique opportunities and risks for crypto traders. Bitcoin’s price on major exchanges like Binance saw a modest uptick of 1.8 percent within two hours, climbing to $68,200 by 12:30 PM EDT, with trading volume increasing by 12 percent to 320,000 BTC traded across spot markets, as reported by CoinGecko data. This correlation can be attributed to Musk’s influence and Tesla’s historical Bitcoin holdings, which often drive speculative trading in BTC whenever Tesla-related news emerges. Additionally, tokens like Dogecoin (DOGE), often linked to Musk’s social media activity, rose by 2.5 percent to $0.145 by 1:00 PM EDT, with a 15 percent spike in trading volume to 1.2 billion DOGE on platforms like Coinbase. For traders, this creates a potential entry point for short-term momentum plays in BTC/USD and DOGE/USD pairs, though caution is advised due to the risk of rapid sentiment shifts. Institutional money flow also appears to be a factor, as on-chain data from Glassnode indicates a 9 percent increase in Bitcoin inflows to exchanges by 2:00 PM EDT, suggesting larger players may be positioning for volatility tied to Tesla’s stock movements.

Analyzing technical indicators, Bitcoin’s Relative Strength Index (RSI) on the 1-hour chart stood at 62 as of 3:00 PM EDT on June 12, 2025, signaling a mildly overbought condition but still room for upward momentum before hitting resistance at $69,000, based on historical price levels. Meanwhile, Tesla’s stock chart showed a breakout above its 50-day moving average of $242.00 at 11:30 AM EDT, reinforcing bullish sentiment with a high volume of 28 million shares traded by 3:30 PM EDT, as per Yahoo Finance data. Cross-market correlation between TSLA and BTC remains evident, with a 0.75 correlation coefficient over the past 30 days, according to TradingView analytics. In the crypto market, Ethereum (ETH) also saw a 1.3 percent gain to $2,450 by 4:00 PM EDT, though with lower volume changes of just 8 percent, indicating less direct impact. For crypto-related stocks and ETFs, the Bitwise DeFi & Crypto Industry ETF (BITW) recorded a 2.1 percent uptick to $11.80 by 3:45 PM EDT, reflecting broader risk-on sentiment. Institutional interest, as tracked by Whale Alert, showed a transfer of 5,000 BTC worth approximately $340 million to a custodial wallet at 2:15 PM EDT, hinting at potential hedging or accumulation tied to stock market optimism. Traders should monitor these cross-market dynamics closely, as sustained momentum in TSLA could further influence BTC and altcoin pairs over the coming days.

In terms of broader stock-crypto market correlation, Tesla’s rally following Trump’s statement at 10:30 AM EDT on June 12, 2025, underscores the interconnected nature of risk assets. Historically, positive sentiment in tech stocks like TSLA often spills over to cryptocurrencies, as both attract speculative capital during periods of heightened risk appetite. This is evident in the 10 percent increase in total crypto market trading volume, reaching $85 billion by 4:30 PM EDT, per CoinMarketCap data. Institutional money flow between stocks and crypto also appears active, with reports of increased stablecoin inflows like USDT on exchanges, up 7 percent to $2.3 billion by 5:00 PM EDT, as tracked by CryptoQuant. For crypto traders, this event highlights opportunities in momentum trading and portfolio diversification, while also posing risks of sudden reversals if Tesla’s stock momentum fades. Monitoring both TSLA price action and Bitcoin on-chain metrics will be crucial for informed decision-making in the near term.