Donald Trump foresee a stock market breakout, and did the cryptocurrency market soar?
According to his most recent prediction on the conventional stock market, which is fueled by his administration’s new policies, US President Donald Trump is anticipated to incite an indirect rally in the cryptocurrency market. The Trump administration’s policies have nearly destroyed the economy, according to numerous analysts, but recent events indicate that a significant change is on the horizon.
Donald Trump, Stock and Crypto Market Correlation
President Trump claimed in a recent address that his visit to Saudi Arabia resulted in more than $1 trillion in U.S. investments. He mentioned impending business agreements with significant corporations like Oracle and Amazon. He said that these investments will boost employment and the stock market.
Donald Trump responded to earlier criticism of his support for asset investments at the Saudi-U.S. Investment Forum event in Riyadh. He maintained that those who had heeded his early counsel were now reaping the rewards. An explosion of investments was under way, he said. He went on to say that the new policy orientation will have a significant impact on equities, which might have an effect on the cryptocurrency market.
According to a previous post from CoinGape, the S&P 500 officially entered a bull market on May 12 after closing at 5,844.19, up 3.26%. It has erased prior 2025 losses with a gain of more than 1,000 points in the past month. Analysts claim that optimism around the U.S.-China trade negotiations, which led to a 90-day moratorium on levies, is driving the market boom.
Bitcoin and Retail BTC Investors Shaping Crypto Market Narrative
It is important to note that the cryptocurrency market, led by Bitcoin, increased steadily along with the stock market. The biggest cryptocurrency is currently trading at $104,287.29, up 1.68% in a day, according to CoinMarketCap.
Wallets with 10–10,000 BTC added more than 83,000 BTC in 30 days, according to Santiment data. However, smaller wallets with less than 0.1 BTC sold 387 BTC, indicating that ordinary traders were taking profits.
This activity shows that large investors are still confident in Bitcoin’s direction. Over the same period, the cryptocurrency moved from $85,000 to $105,000, matching the strength seen in traditional equities.
Bitcoin and S&P 500 Correlation Raises Questions
Bloomberg’s Mike McGlone also made an indirect comment on the similarity between stocks and the cryptocurrency market in a recent post on X. He pointed out that there is an increasing correlation between Bitcoin and the S&P 500. He thinks that Bitcoin now entails more systematic risk and that the cryptocurrency market exhibits leveraged beta behavior.
But according to CryptoQuant statistics, there is now more buying pressure on Bitcoin. On May 13, the indicator increased to 1.02, indicating the preponderance of short-term purchasers. As President Donald Trump predicted, many analysts now question if cryptocurrency would soon be able to equal the stock market’s recent and projected breakout rate.
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