According to The Kobeissi Letter, the S&P 500 has officially closed above the 6,000 mark for the first time since February 21, signaling a full recovery from recent trade war losses (source: Twitter/@KobeissiLetter, June 6, 2025). This milestone reflects renewed investor confidence in traditional equity markets and may shift short-term capital flows from cryptocurrencies into stocks, potentially dampening immediate crypto market momentum. Traders should watch for possible volatility in leading cryptocurrencies like Bitcoin and Ethereum as institutional funds rebalance portfolios in response to this major equities benchmark.

According to The Kobeissi Letter, the S&P 500 has officially closed above the 6,000 mark for the first time since February 21st, signaling a full recovery of almost all losses from the recent trade war (Source: @KobeissiLetter on Twitter, June 6, 2025). For traders, this milestone reflects renewed investor confidence in risk assets, which frequently leads to increased liquidity and risk appetite across global financial markets, including cryptocurrencies. Historically, strong U.S. equity performance has correlated with bullish momentum in Bitcoin and major altcoins as traders seek higher returns and diversification. This move is likely to reinforce the positive sentiment in crypto markets, especially for assets closely tied to macroeconomic conditions and institutional flows.