Bitcoin fell as broader risk assets cooled, with optimism around a recent Federal Reserve rate cut and reports of a Trump–Xi trade breakthrough appearing priced in. The session saw high-profile corporate moves, policy updates, and a notable DeFi exploit that kept crypto and equities under pressure.
Key market levels (Thursday):
- Bitcoin: $106,907 (-3.70%)
- S&P 500: 6,849 (-0.60%)
- USD/RUB: 79.60 (-0.49%)
- USD/UAH: 41.99 (-0.15%)
- Gold: $4,016 (+2.19%)
- Brent crude: $64.29 (+0.00%)
US–China developments and policy moves
- US and China leaders reached a trade agreement under which the United States will lower tariffs to 47%, while China will resume shipments of rare earth elements. Markets viewed the outcome as largely anticipated.
- The U.S. Senate is moving to reverse tariffs on Canada introduced during the Trump administration.
- The European Central Bank left its key interest rate unchanged at 2.15%.
Corporate and crypto industry headlines
- Meta shares fell 12% as investors weighed concerns over the company’s rising AI-related spending.
- OpenAI is planning an initial public offering targeting a valuation of up to $1 trillion as soon as 2026–2027.
- Consensys is also considering an IPO, signaling continued appetite for listing among major crypto infrastructure firms.
- Mastercard will acquire crypto infrastructure platform Zerohash in a $2 billion deal, expanding its footprint in digital asset services.
Security
- Cross-chain protocol Garden Finance was hacked for $10.8 million, adding to this year’s tally of DeFi exploits and underscoring ongoing smart contract and bridge risks.
Outlook With the macro boost from monetary policy and US–China trade headlines seemingly absorbed, markets may remain sensitive to earnings guidance, IPO timelines in the AI and Web3 sectors, and ongoing security incidents in DeFi. Crypto traders will be watching whether Bitcoin can stabilize above key psychological levels after the latest pullback.