On May 15th, President Trump indicated this could mean a lot to the crypto community. He stated that whenever the Treasury Secretary pays a television visit, ‘everything seems to go up.’
The event has sparked interest and attention across the financial markets, including the crypto coins.
The Source Data
Crypto Rover also shared the same information in several serious posts yesterday. According to Crypto Rover, the statement indicates a spike in the bullish momentum could follow as Bessat appears to deliver some potential policy revelations.
Experts say the market feels a fresh uprising vibe whenever central political heads come in the middle to make optimistic statements about the digital assets sector. Notably, the Dow Jones index witnessed a rise of 1.2% to reach a valuation of 43,250 points by EST 3.00 PM the same day.
The Whole Market Reacts!
The data flowing in from Yahoo Finance’s dashboard confirms this. Meanwhile, recent news sources confirm that the S&P 500 has also climbed 0.9% to reach a valuation of 5,820 points.
The rally in the stock market has also impacted the crypto market. Notably, BTC witnessed a price surge of 3.5%, as CoinGecko reports. On the other hand, ETH received 2.8% to reach the valuation of $2,650.
The sync between the traditional and crypto markets seems apparent. As a general period of macroeconomic optimism prevails now, the ripple effect can help in the strategic positioning of many coins.
