Summary
- Market roundup for Monday portrays modest risk-on, softer U.S. Dollar, and firmer risk assets amid mixed news.
- Bitcoin rises for the second day, Gold hits a new ATH as DXY remains weak.
- Dovish Fed bets, light calendar allow traders to extend previous moves, despite China, Russia woes.
- Wall Street remains optimistic ahead of Apple event, key tech earnings.
- Crypto news portray key developments around Solana, Dogecoin, and stablecoin moves.
Market Roundup for Monday: A Mixed Play of Fed Bias, US-China Woes & Data Jitters
The risk complex remains slightly off-beat early Monday in New York amid dovish bias surrounding the U.S. Federal Reserve (Fed), fresh US-China trade war fears, and cautious mood ahead of this week’s key data/events.
Amid these plays, Bitcoin (BTC) rises for the second consecutive day to $112,700, while the spot Gold (XAU) price marks another all-time high (ATH) above $3,600, close to $3,637. That said, the U.S. Dollar Index (DXY) remains under pressure at a six-week low, but the Wall Street benchmarks trade mixed.
Friday’s U.S. August employment report was disappointing, with weaker-than-expected Nonfarm Payrolls (NFP), a higher Unemployment Rate, and mixed wage growth. These factors support a September Fed rate cut and increase the likelihood of two additional 0.25% rate reductions before the end of 2025.
Elsewhere, China President Xi Jinping spoke during a virtual conference for the BRICS (Brazil, Russia, India, China, and South Africa) summit and flagged the trade-war fears linked to the U.S., without naming names. China’s Xi was previously criticized by U.S. President Donald Trump for conspiring against the U.S. by joining Russia and North Korea. Notably, trade talks between Washington and Beijing seemed to have hit a roadblock after the Trump administration’s extension of the tariff pause till November. The latest environment raises fears of fresh tensions among the world’s top two economies.
Meanwhile, a cautious mood ahead of the Apple event, European Central Bank (ECB) monetary policy meeting, U.S. inflation data, and earnings reports from Oracle and Adobe also affect the market sentiment.
On a different page, President Trump commented on the Russia-Ukraine conflict, expressing dissatisfaction and hinting at talks with Russian President Vladimir Putin soon.
Crypto, Equity Update
Most cryptocurrencies improved early Monday, keeping last week’s optimism through a softer U.S. Dollar while gaining additional support from the pro-industry news.
Some of the top crypto news are as follows, while more updates like this could be traced to our Coin Bytes.
El Salvador diversified its reserves by purchasing gold after 10 months, whereas China explores an offshore RMB stablecoin to support the internationalization of the Yuan.
The SOL Strategies Inc., a Canadian company focused exclusively on the Solana ecosystem, received Nasdaq approval to list shares with a ticker “STKE”. The trading is expected to start from September 9, 2025, opening a broad source of institutional and retail participation for the promising firm.
Also read: Promising SOL Strategies Set for Nasdaq Debut, Boosting Solana’s Institutional Profile
A fresh filling by Rex-Osprey DOGE exchange-traded fund (ETF) to secure regulatory approval, side-stepping the long 19b-4 and S-1 processes, seemed to have fuelled the DOGE price. The latest ETF submission will help the memecoin ETF to go live before nearly 100 other crypto ETF filings.
A Hong Kong based crypto exchange HashKey announced the allocation of $500 million fund to join the corporate treasury race, mainly concentrating on Bitcoin and Ethereum ecosystem projects.
Read Details: Digital Treasury Trends: Hong Kong Crypto Exchange HashKey’s Launches $500 Million Treasury Fund
On a negative note, an Ethereum Layer 2 (L2) modular exchange, Kinto Exchange, is winding down operations after a hack drained 577 ETH in July. The firm gives users time till September 30 to withdraw funds from the platform. The news drowns Kinto Exchange’s K token, down by over 84%.
For More: Kinto Exchange to Wind Down Operations Following Crippling $2.4M Exploit
Wall Street benchmarks edge higher amid lower Fed rate expectations, while also jostling with the tariff and political woes, ahead of this week’s top-tier earnings from Oracle and Adobe, as well as Tuesday’s key Apple event. That said, Dow Jones struggles around 45,400, but Nasdaq rises 0.80% intraday and the S&P 500 is also up 0.30% by press time.
- Gold hits new ATH, jumped over 1.0% to around $3,637 before easing to $3,631.
- Bitcoin (BTC) rises to $112,700, up for the second consecutive day after posting the first weekly gains in four.
- Ethereum (ETH) prints a two-day uptrend, while paring the weekly loss around $4,350.
- U.S. Dollar Index (DXY) pokes a six-week low, down 0.20% around 97.55 as we write.
- Wall Street prints modest gains, with Dow Jones struggling, but Nasdaq and S&P 500 both staying firmer intraday as we write.
- WTI Crude Oil snaps a three-day losing streak, bouncing off a three-week low to $62.30 at the latest.
Nothing major on Monday…
With a light calendar ahead of Tuesday’s key Apple event and quarterly earnings from Oracle, market players may witness a continuation of the latest pattern weighing on the U.S. Dollar and favoring the riskier assets like Bitcoin (BTC), equities, and Gold. However, fresh trade war fears join the ongoing Russia-Ukraine tensions and political tensions in the Eurozone and Japan to test the optimists.
Also read: Cryptocurrency Weekly Price Prediction: BTC, XRP Rebound, But ETH Lags, amid Fed Rate Cut Buzz
