Key takeaways:
- Bitcoin rallied sharply, jumping from $105K to $110,700 on strong ETF inflows and improved risk sentiment.
- Gold slipped to $3.3K, as easing geopolitical tension and a stronger dollar reduced safe-haven demand.
- U.S.-China trade talks resumed, reviving hopes of a tariff truce and boosting global risk appetite.
On June 10, markets showed cautious confidence, supported by revived trade negotiations between the United States and China. Investors responded positively to news that both nations resumed high-level talks in London, signaling a possible easing of long-standing tensions over tariffs, rare-earth exports, and semiconductor trade restrictions.
While no concrete deals emerged, even the act of re-engagement was enough to stir risk appetite across asset classes.
Bitcoin stood out as the day’s strongest performer. After dipping below $105,000 over the weekend, the world’s largest cryptocurrency surged to $110,700, before dipping back to around $109,500, fueled by steady inflows into spot ETFs and growing institutional interest. Ethereum also gained ground, while most altcoins posted modest declines.
Gold, on the other hand, lost ground. As geopolitical fear eased and the U.S. dollar gained strength, safe-haven demand tapered. Gold slid to $3,306.47/oz, while silver also declined. Despite the dip, ongoing global conflicts keep precious metals in play.
Global Indices
- S&P 500: 6,005.89 (+0.09%)
- Dow Jones: 42,761.76 (–0.01%)
- Nasdaq Composite: 19,591.24 (+0.31%)
- Nikkei 225: 38,460.0 (+0.92%)
- Euronext 100: 1,595.09 (+0.03%)
- FTSE 100: 8,840.8 (+0.18%)
Cryptocurrency Market
- Bitcoin (BTC/USD): $109,511 (–0.72%)
- Ethereum (ETH/USDT): $2,686.08 (+0.22%)
- Solana (SOL): $163.35 (–1.88%)
- Binance Coin (BNB/USDT): $663.41 (–0.33%)
Commodities
- Gold (CFDs): $3,306.47/oz (–0.56%)
- Silver (CFDs): $3.4827/oz (–0.67%)
- WTI Crude (USOIL): $65.38 (+0.08%)
- Brent Crude: $65.76 (+0.64%)
- Gasoline Futures (July): $2.1014 (+0.31%)
Major Stocks
- Tesla (TSLA): $308.58 (+4.55%)
- Nvidia (NVDA): $142.63 (+0.64%)
- Microsoft (MSFT): $472.75 (+0.50%)
- Amazon (AMZN): $216.98 (+1.60%)
- Meta (META): $694.00 (–0.52%)
- Apple (AAPL): $201.45 (–1.21%)
Forex & Dollar
- EUR/USD: 1.1400 (–0.15%)
- GBP/USD: 1.3538 (–0.07%)
- USD/JPY: 144.88 (+0.20%)
Market Wrap-Up
Investors showed a clear preference for risk, favoring tech, crypto, and big names, while stepping back from traditional safe havens like gold. The return of U.S.–China dialogue, strong crypto flows, and a lighter tone in global markets helped shape the day’s moves.
As the week unfolds, all eyes turn to inflation data and central bank moves. With risk appetite heating up and Bitcoin on the rise, the question now is whether markets can keep the momentum or caution is set to make a quick comeback.
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