As U.S.-China trade negotiations deepen, the dollar index fluctuates around 99, ultimately closing higher. All three major U.S. stock indices closed up, while bitcoin fluctuated and fell by 0.53%. The Ethereum ecosystem rebounded, driving its price up overall by 4.61%.
Tariffs - Sources: India and the U.S. are expected to reach a temporary trade agreement by the end of the month, and the U.S. and Mexico are close to reaching an agreement on steel import tariffs.
Recently, with the protests in Los Angeles, tensions are high on the streets, and troublesome events for Trump keep coming one after another, likely giving him a headache for a while.
Trump: The Los Angeles riots are a 'foreign invasion.' A U.S. judge rejected California's request to immediately block the Trump administration from deploying troops to the state.
Crypto market news:
1. GameStop (GME.N): Purchased 4,710 bitcoins in cash between May 3 and June 10, 2025.
2. Canaan Creative's bitcoin output increased by 25% in May, reaching 109 bitcoins.
3. NYSE-listed company Hyperscale Data disclosed that its wholly-owned subsidiary Sentinum has signed a custody agreement to expand its bitcoin mining business and participate in energy reduction programs.
4. The newly elected president of South Korea has fulfilled his campaign promise by giving the green light for stablecoin issuance.
5. U.S. SEC Chairman: Suggests a more open attitude towards self-custody of crypto assets.
6. U.S. tech company Kulr Technology increased its bitcoin reserves by $13 million.
7. Bitcoin whale MicroStrategy (MSTR.O) purchased 1,045 bitcoins between June 2 and June 8.
8. American software company Bitmine Immersion Technologies has purchased 100 bitcoins for the first time based on its bitcoin reserve strategy.
9. The UK is considering lifting the retail ban on products traded on cryptocurrency exchanges.
As positive news continues to escalate, bullish sentiment in the market is rising. Reports suggest that tonight's CPI may first reveal the 'tariff shockwave' inflation alarm, so closely monitor market changes in the evening and manage risks well.
Starting from Monday, Yumi has been bullish on the Silk Road for three consecutive days, and last night the market slightly corrected, with Bitcoin dropping below 109,000 at one point.
Retail investors are slightly panicking in the evening, fearing a sudden market reversal. Yumi mentioned last night that if it doesn't drop below 108,000, it's bullish. As expected, bitcoin returned to 110,000 in the evening, while Yi Tai also climbed easily above 2,820 after a jump.
Multiple confirmations showcase Yumi's practical experience and professional capability. Yumi decisively exited the market after seeing a bullish trend when the price reached 110,000, with a total profit of 2,371 for Bitcoin and 112 for Yi Tai.
However, it is worth noting that every time the bulls break above 110,000, there is a subsequent drop, indicating strong resistance above, and 110,000 has not effectively stabilized. In the medium to long term, Yi Tai is clearly bullish, with market prospects significantly improving, potentially attracting more investor attention.
Today's focus:
17:30, ECB Chief Economist Lane participates in a panel discussion;
20:30, U.S. May CPI data;
22:30, U.S. EIA crude oil inventory for the week ending June 6;
