According to Crypto Rover, the S&P 500 surged by 2.5% and the Nasdaq rose by 3.1% following the official announcement of US-China tariff reductions. This broad rally reflects renewed investor optimism, driving risk-on sentiment across global markets. For cryptocurrency traders, this positive momentum in equities often translates to increased capital inflows into digital assets, as risk appetite grows and correlation between tech stocks and major cryptocurrencies like Bitcoin and Ethereum strengthens. The news underlines the importance of monitoring macroeconomic policy shifts, as they can quickly impact crypto price action. (Source: Crypto Rover on Twitter, May 12, 2025)

According to The Kobeissi Letter, while the S&P 500 surged by 5% over two days due to 'tariff de-escalation' headlines, the U.S. Dollar Index ($DXY) only increased by 0.2% today. This indicates that the U.S. Dollar is not reacting to these headlines in the same way as other assets, suggesting potential caution for traders focusing on currency markets.