According to Mihir (@RhythmicAnalyst), while major banks like Goldman Sachs and JPMC predicted a recession, a V-shaped recovery in the stock index materialized last month. This shift followed the announcement of the US-China trade deal, which has led banks to revise their economic outlook. For traders, this reversal in sentiment suggests enhanced market volatility and potential opportunities in both traditional equities and the cryptocurrency sector, as correlated assets like Bitcoin often react to macroeconomic shifts and policy changes (source: @RhythmicAnalyst, May 16, 2025).

According to Brad Freeman (@StockMarketNerd), optimism is rising for a potential U.S.-China trade deal this summer following tonight's news release (source: Twitter, May 7, 2025). This renewed confidence in global economic relations is leading to increased risk appetite among traders, which is historically linked to positive momentum in the cryptocurrency market. Investors are closely monitoring developments, as a successful trade agreement could fuel further gains in major crypto assets by reducing macroeconomic uncertainty and stimulating capital flows into digital assets.