According to The Kobeissi Letter, major financial markets moved higher following President Trump's statement labeling China as 'extremely hard to make a deal with.' Despite renewed tariff rhetoric, investors appeared to dismiss the threat, signaling reduced concern over trade tensions. This shift in sentiment could impact cryptocurrency markets by increasing risk-on appetite and driving flows into digital assets as traditional market volatility stabilizes (source: The Kobeissi Letter, June 4, 2025).