Analyst updates outlook on S&P 500, says king coin to follow

By: thestreet|2025/05/10 02:45:04

As the markets reflect recovery from the shockwaves sent by President Donald Trump's tariff escalations, a leading analyst Jason Pizzino has offered a surprising take on the correlation between the stock and crypto markets. Pizzino is a crypto analyst and educator who hosts a popular YouTube channel that boasts more than 350,000 subscribers. On May 7, Pizzino said on his channel that the S&P 500 index may fall during the second quarter of 2025. Given the stock market's correlation with Bitcoin , even the king coin could see a correction. Pizzino said that the markets peaked from December 2024 through February 2025. They began declining in April, and he could foresee a correction in May and June. Further, the market will get "a bit messier" during the second half of Q2 and Q3 before a clear picture emerges towards Q4, Pizzino predicted. Given the fact that Bitcoin has been up for a few weeks, it will witness a correction in Q2 due to its correlation with the stock market, Pizzino added. Pizzino also referred to the correlation between Bitcoin and the US dollar index (DXY) and predicted that investors may flock to the cryptocurrency due to its status as a safe haven asset amid a declining DXY index. At the time of writing, the S&P 500 index was exchanging hands at 5,663.78 points, near the Apr. 2 level when Trump announced the tariff hikes. Bitcoin staged a dramatic recovery and surpassed the much-awaited $100,000 level on May 8. As per Kraken's price feed , it was trading at $103,122 at press time — its highest point in more than three months. In fact, the asset is only 5% lower than its record high of $108,786 that it hit on Jan. 20.

In three weeks, Drift, Hyperbridge, and KelpDAO were consecutively hacked, resulting in nearly $900 million in losses. Polygon's CEO wrote that the problem lies not with any single team, but with the "notary" style architecture shared by the entire industry—relying on one or two signers to stamp cro...

Major Upgrade on Web: 10+ Advanced Chart Styles for Deeper Market Insights

To deliver more powerful and professional analysis tools, WEEX has rolled out a major upgrade to its web trading charts—now supporting up to 14 advanced chart styles.

Morning Report | Aethir secures a $260 million enterprise contract with Axe Compute; New Fire Technology acquires Avenir Group's trading team; Polymarket's trading volume surpassed by Kalshi

Overview of Important Market Events on April 23

Why a Million-Follower Crypto KOL Chooses WEEX VIP?

Discover why top crypto KOL Carl Moon partnered with WEEX. Explore the WEEX VIP ecosystem, 1,000 BTC protection fund, and exclusive rewards for serious traders.

CoinEx Founder: The Crypto Endgame in My Eyes

The industry will not disappear, but it will shrink significantly.

Spark Coin (SPK): Explodes 73% as Aave Bleeds $15B, A Good Investment Now?

Spark coin (SPK) surged 73% as $15 billion fled Aave after the KelpDAO hack. This article explains what Spark is, why it’s pumping, and whether it is a good investment right now.

As Aave's building collapses, Spark's high-rise is rising

The growth of Spark's TVL is essentially a redistribution of existing capital in DeFi among protocols, rather than new capital entering the market. The "cake" of the entire industry has shrunk in the short term, and no one can remain unaffected.

RootData: Q1 2026 Cryptocurrency Exchange Transparency Research Report

In this report, Binance continues to rank first with the highest trading volume and wealth potential, while OKX has risen to second place as one of the few exchanges with an increase in trading volume this month.

What Is Memecoin Trading? A Beginner's Guide to How It Works, the Risks, and 2026's Hottest Tokens

Memecoins surged 30%+ at the start of 2026 while Bitcoin was flat. RAVE spiked 4,500% then crashed 90% in days. MAGA jumped 350% overnight. This guide explains exactly how memecoin trading works — and how to not blow up your account doing it.