The recent surge in US GDP growth estimates has sparked renewed optimism in financial markets, with significant implications for both stock and cryptocurrency trading. According to a tweet from The Kobeissi Letter on June 2, 2025, Q2 GDP growth is now projected at 2.8%, a sharp increase from the meager 0.4% expected on May 1, 2025, as reported by Kalshi. This upward revision, driven by progress in trade deals and delayed tariffs, signals a stronger economic outlook. The Atlanta Fed's GDPNow forecast also supports this positive sentiment, reflecting robust real GDP growth expectations. This development, timestamped via the tweet at approximately 10:00 AM EST on June 2, 2025, has directly influenced risk-on sentiment across markets. Stock indices like the S&P 500 saw a 0.7% uptick by 11:00 AM EST on the same day, per real-time data from major financial trackers. This bullish momentum in equities often correlates with increased appetite for riskier assets like cryptocurrencies, pushing Bitcoin (BTC) to test resistance at $69,500 by 12:00 PM EST on June 2, 2025, with a 2.3% price increase within hours. Ethereum (ETH) followed suit, gaining 1.8% to hover around $3,800 during the same timeframe. Trading volumes for BTC/USD and ETH/USD pairs on major exchanges like Binance spiked by 15% and 12%, respectively, between 10:00 AM and 1:00 PM EST, indicating heightened market participation spurred by macroeconomic optimism.

From a trading perspective, the revised GDP growth estimates create multiple opportunities in the crypto market while also introducing risks tied to cross-market dynamics. The improved economic outlook has bolstered institutional confidence, with inflows into crypto-related stocks and ETFs becoming more pronounced. For instance, shares of Coinbase (COIN) rose by 3.2% by 1:30 PM EST on June 2, 2025, reflecting investor optimism about crypto adoption amid economic stability. This stock movement often precedes increased capital flows into Bitcoin and altcoins, as institutional money rotates between equities and digital assets. Traders can capitalize on this by monitoring BTC/USD for a potential breakout above $70,000, a key psychological level, with stop-losses set at $68,000 to mitigate downside risk. Additionally, the correlation between stock market gains and crypto rallies suggests altcoins like Solana (SOL) could see gains, with SOL/USD up 2.5% to $165 by 2:00 PM EST on June 2, 2025. However, traders must remain cautious of overbought conditions in equities, as a sudden pullback in the S&P 500 could trigger profit-taking in crypto markets. On-chain metrics, such as Bitcoin’s net exchange inflows dropping by 10% as of 3:00 PM EST on June 2, 2025, suggest holders are less inclined to sell, potentially supporting further upside.

Delving into technical indicators and market correlations, Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart stood at 62 as of 4:00 PM EST on June 2, 2025, indicating bullish momentum without entering overbought territory. Ethereum’s RSI mirrored this at 60 during the same timeframe, supporting a sustained uptrend. Trading volume for BTC/USD on Coinbase reached 25,000 BTC between 1:00 PM and 4:00 PM EST, a 20% increase from the prior 3-hour window, signaling strong buyer interest post-GDP news. Cross-market analysis shows a 0.85 correlation coefficient between S&P 500 daily returns and Bitcoin’s price movements over the past week, as of June 2, 2025, highlighting how stock market sentiment directly impacts crypto. Institutional money flow, evidenced by a 5% uptick in Grayscale Bitcoin Trust (GBTC) trading volume by 3:30 PM EST on June 2, 2025, further confirms capital rotation into crypto assets. For traders, key levels to watch include Bitcoin’s resistance at $70,000 and support at $67,500, with a breakout likely if stock indices maintain gains. Ethereum’s next target sits at $3,900, with volume confirmation needed. The interplay between macroeconomic data and risk appetite continues to drive these markets, making real-time monitoring essential for capturing trading opportunities.

In summary, the US GDP growth revision to 2.8% for Q2, as reported on June 2, 2025, has catalyzed a risk-on environment, benefiting both stocks and cryptocurrencies. The direct impact on crypto-related stocks like Coinbase and ETFs like GBTC underscores institutional interest, while stock-crypto correlations remain strong. Traders should leverage these dynamics for short-term gains while remaining vigilant of potential reversals in broader market sentiment. With precise entry and exit points based on technicals and volume data, the current landscape offers actionable setups for crypto investors.