Market Digest: BTC Hovers at $105K, Gold Holds Above $3K as Wall Street Pushes Higher

Wall Street opened the week with strong momentum, lifted by renewed U.S.–China trade talks and a tech-driven rally. Meanwhile, Bitcoin hovered around $105K, with markets eyeing Wednesday’s (CPI) report.

Ebrahem Jaafar June 9, 2025 10:04:42 UTC +4

2 min read Update: July 2, 2025 15:46:43 UTC +4

Key takeaways:

Bitcoin (BTC) hovers near $105,500 as risk appetite cools and broader uncertainty lingers.
Gold (XAU) remains steady at $3,309.98 per ounce, indicating sustained demand for safe-haven assets amid rising war concerns.
U.S. equities surged: S&P 500 hit a new high at 6,000.37 (+1.03%), Dow Jones jumped 1.05%, and the Nasdaq advanced 1.2%, powered by resilient tech earnings.
Renewed U.S.–China trade negotiations in London sparked market enthusiasm, easing some geopolitical concerns, even as core tensions persist.

Geopolitics & Policy Watch

Markets started the week with a dose of optimism, fueled by the unexpected return of U.S.–China trade talks. Negotiations kicked off in London, with both sides exploring tariff relief, rare earth supply chains, and reopening restricted tech exchanges.

While no immediate breakthroughs emerged, the mere fact that dialogue resumed was seen as a constructive step toward easing long-standing trade tensions. That positive sentiment was reinforced by a stronger-than-expected U.S. jobs report for May, which highlighted a resilient labor market and helped ease concerns regarding a potential slowdown.

Meanwhile, in Europe, sentiment was a bit more restrained, with the FTSE 100 dipping as political drama in France kept investors on edge. However, in Asia, things looked brighter as Japanese futures climbed on the back of a growing confidence in export demand.

Looking ahead, investors are focused on Wednesday’s U.S. inflation report, as it will play a key role in shaping the Federal Reserve’s policy decision at its June 17–18 meeting.

Global Indices

S&P 500 Index (SPX): 6,000.37 (+1.03%)
Dow Jones Industrial Average (DJI): 42,762.87 (+1.05%)
Nasdaq Composite (IXIC): 19,529.95 (+1.2%)
Nikkei 225 Futures (NK225): 38,150.0 (+1.01%)
Euronext 100 Index (N100): 1,594.6 (+0.32%)
UK FTSE 100 (FTSE): 8,829.7 (–0.11%)

Cryptocurrencies Market

Bitcoin (BTC): 105,466 (–0.31%)
Ethereum (ETH): 2,486.44 (–0.93%)
Solana: (SOL) 163.35 (–1.88%)
Binance Coin (BNB): 650.90 (–0.17%)

Commodities

Gold (GOLD): 3,311.98 (+0.07%)
Silver (SILVER): 36.0541 (+0.07%)
WTI Crude Oil (USOIL): 64.51 (–0.34%)
Brent Crude Oil (BRENT): 65.14647 (–0.2%)
Gas : 2.0762 (–0.22%)

Individual Stocks

NVIDIA Corporation (NVDA): 141.72 (+1.24%)
Tesla, Inc. (TSLA): 295.14 (+3.67%)
Microsoft Corp. (MSFT): 470.38 (+0.58%)
Meta Platforms, Inc. (META): 697.71 (+1.91%)
Apple Inc. (AAPL): 203.92 (+1.64%)
Amazon.com, Inc. (AMZN): 213.57 (+2.72%)

Forex

Euro / U.S. Dollar (EURUSD): 1.1411 (+0.17%)
British Pound / U.S. Dollar (GBPUSD): 1.3552 (+0.21%)
U.S. Dollar / Japanese Yen (USDJPY): 144.435 (–0.26%)

Market Wrap-Up

Momentum remained bullish across asset classes, with investors digesting strong data and hopeful signals from the diplomatic front. As the week progresses, the market’s next test will be inflation data and any hints from the Fed about future rate cuts or pauses.