Bitcoin Indicates Potential Stock Market Recovery, Says Tom Lee
- Bitcoin has returned to levels not seen since before April 2nd, when tariffs were announced.
- Tom Lee suggests the S&P 500 could reach a level of 5,800 in the near term.
- Bitcoin is currently trading at $93,828, down 1.8% in the last 24 hours.
- The S&P 500 is currently at 5,673.
- Lee believes US inflation data may prompt the Fed to cut rates soon.
Tom Lee from Fundstrat believes Bitcoin’s resurgence to pre-tariff levels signals a potential recovery for the S&P 500 towards a target of 5,800. He also suggests that current inflation data might lead to rate cuts by the Federal Reserve. Bitcoin is trading at $93,828 while the S&P stands at 5,673.
Source (2.6)https://dailyhodl.com/2025/05/05/bitcoin-hinting-at-big-stock-market-recovery-according-to-fundstrats-tom-lee-heres-why/?rand=59076
