Global markets steady as US-China trade talks loom, Bitcoin hits$103k
According to a Reuters market wrap, world stocks ended the week littlechanged as investors weighed a fresh U.S.U.K. tariff deal and this weekends highstakes meeting between Washington and Beijing trade officials.
Stocks tread water on tariff suspense
MSCIs allcountry equity index inched up just 0.11% to846.80, trimming a 0.3% weekly loss. Europes STOXX600 added0.44%, while Germanys DAX notched another record close.
On Wall Street, the Dow fell0.29%, the S&P500 slipped0.07% and the Nasdaq eked out a fractional gain. Weekly tallies were negative across the board, mirroring broader caution highlighted by the WallStreet Journal as traders braced for new tariff headlines.
Dollar eases while Treasury yields hover
The U.S. Dollar Index slipped0.28% to100.37, even as it preserved a weekly advance versus the yen, euro and Swiss franc. Benchmark 10year Treasury yields crept up to4.386%, while the 2year note eased to3.887%.
For additional context on how rising yields ripple through crypto markets, see CryptoSlates recent analysis on Treasury yield volatility.
Bitcoin and Ethereum extend gains
Risk appetite rotated toward digital assets, with Bitcoin climbing 0.58% to $103,224its highest since Januarymarking a fourthstraight daily advance. Ether rallied 6.7% to $2,493. Traders cited lingering uncertainty in traditional assets and optimism about eventual rate cuts.
For longerterm perspectives, CryptoSlates 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 peroz
Both commodities benefited from a softer dollar and hopes that any thaw in trade tensions could bolster demand.
Outlook
All eyes now turn to Saturdays Geneva summit between U.S. Treasury Secretary ScottBessent and Chinas VicePremier. While analysts doubt a breakthrough, even incremental signs of progress could set the tone for global risk assetsand by extension, cryptointo next weeks U.S. CPI release and the midMay Federal Reserve minutes.
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