Trump-Saudi $600B Deal Spurs Rally in U.S. Stocks, Crypto Markets Watch Closely
Major U.S. equities surged as President Trump and Saudi Crown Prince Mohammed bin Salman finalized a landmark investment pact in Riyadh. The deal, potentially channeling $600 billion into 13 American companies including Tesla, Nvidia, and Amazon, has sent ripples through traditional markets—with crypto traders speculating about potential spillover effects into digital assets.
While the agreement focuses on traditional equities, the crypto sector anticipates secondary effects as institutional capital flows reshape risk appetites. ’When Wall Street gets a liquidity injection, alternative assets often benefit downstream,’ noted a hedge fund manager attending the Riyadh forum. Bitcoin and ethereum options open interest saw unusual activity during the announcement window, suggesting sophisticated players are positioning for volatility.