Global markets steady as US-China trade talks loom, Bitcoin hits $103k
By: bitcoin ethereum news|2025/05/10 21:00:17
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According to a Reuters market wrap, world stocks ended the week little‐changed as investors weighed a fresh U.S.–U.K. tariff deal and this weekend’s high‐stakes meeting between Washington and Beijing trade officials. Stocks tread water on tariff suspense MSCI’s all‐country equity index inched up just 0.11% to 846.80, trimming a 0.3% weekly loss. Europe’s STOXX 600 added 0.44%, while Germany’s DAX notched another record close. On Wall Street, the Dow fell 0.29%, the S&P 500 slipped 0.07% and the Nasdaq eked out a fractional gain. Weekly tallies were negative across the board, mirroring broader caution highlighted by the Wall Street Journal as traders braced for new tariff headlines. Dollar eases while Treasury yields hover The U.S. Dollar Index slipped 0.28% to 100.37, even as it preserved a weekly advance versus the yen, euro and Swiss franc. Benchmark 10‐year Treasury yields crept up to 4.386%, while the 2‐year note eased to 3.887%. For additional context on how rising yields ripple through crypto markets, see CryptoSlate’s recent analysis on Treasury yield volatility. Bitcoin and Ethereum extend gains Risk appetite rotated toward digital assets, with Bitcoin climbing 0.58% to $103,224—its highest since January—marking a fourth‐straight daily advance. Ether rallied 6.7% to $2,493. Traders cited lingering uncertainty in traditional assets and optimism about eventual rate cuts. For longer‐term perspectives, CryptoSlate’s feature on Bitcoin price projections through 2025 offers added insight. Oil and gold catch a bid WTI crude settled at $61.02 (+1.85%) Brent closed at $63.91 (+1.7%) Spot gold firmed 0.67% to $3,327.53 per oz Both commodities benefited from a softer dollar and hopes that any thaw in trade tensions could bolster demand. Outlook All eyes now turn to Saturday’s Geneva summit between U.S. Treasury Secretary Scott Bessent and China’s Vice‐Premier. While analysts doubt a breakthrough, even incremental signs of progress could set the tone for global risk assets—and by extension, crypto—into next week’s U.S. CPI release and the mid‐May Federal Reserve minutes. At the time of press 9:45 pm UTC on May. 10, 2025 , Bitcoin is ranked #1 by market cap and the price is up 0.02% over the past 24 hours. Bitcoin has a market capitalization of $2.05 trillion with a 24-hour trading volume of $38.92 billion . Learn more about Bitcoin › At the time of press 9:45 pm UTC on May. 10, 2025 , the total crypto market is valued at at $3.31 trillion with a 24-hour volume of $120.9 billion . Bitcoin dominance is currently at 61.97% . Learn more about the crypto market › Source: https://cryptoslate.com/global-markets-steady-as-us-china-trade-talks-loom-bitcoin-hits-103k/
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