Crypto in neutral, and US and China officials meet in London for trade war talks

June 9, 2025
James Bowater

Key takeaways

  • 🤝 US-China trade talks - in focus as officials meet in London.

  • 🔥 Elon Musk–Trump fallout - adds fresh uncertainty to crypto sentiment.

  • 📉 Crypto stays flat - with Bitcoin holding above $100K, altcoins unusually quiet.

  • 🏦 US inflation data - due Wednesday, a key test for risk-on markets.

Crypto markets are kicking off the week in neutral after last week’s dip, triggered in part by the public fallout between Elon Musk and President Donald Trump. Bitcoin (BTC) is moving sideways, Ethereum (ETH) is inching downward, and most altcoins remain uncharacteristically quiet this morning. The Fear and Greed Index bounced to 55 around the same time Bitcoin found its price floor near $101,000 late last week, again holding steady above the key $100K level.

On the global front, US and Chinese officials are meeting in London today to discuss the future of trade talks. The meeting comes just four days after Trump and Chinese leader Xi Jinping held a phone conversation. Stock and crypto markets have historically been sensitive to developments in these tariff discussions.

In the US, markets are also awaiting the latest round of inflation numbers due Wednesday. This follows Friday’s jobs report, which came in slightly higher than expected but lower than prior months. The question now: will crypto continue to drift, or will investors find a reason to jump back in?

In the markets… 

🌍 Total crypto market cap ⬇️

The global cryptocurrency market capitalisation is approximately $3.29 trillion, reflecting a 0.12% decrease over the last 24 hours.

🟠 Bitcoin (BTC) ⬆️

Price: Currently trading at around $105,692, marking a 0.01% increase in the last 24 hours.

Daily high: Approximately $109,377

Daily low: Approximately $100,436 

📈 S&P 500 ⬆️

The S&P 500 index is up by about 1.03% since yesterday 

😐 Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 55/100, indicating a neutral sentiment among investors 

📊 Bitcoin Relative Strength Index (RSI) (14)

The RSI for Bitcoin is approximately 46, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.

‍Post Script…

Richard Teng on X: "The tide has turned. The SEC’s case against us is dismissed - justice, finally. Huge credit to Chairman Atkins and the Trump administration for standing up to regulatory overreach. The U.S. is back in the arena, ready to lead the world in blockchain innovation." / X

BitcoinOS on X: "Litecoin is coming home to Bitcoin. 🟠🤝⚪️ BOS is officially activating @CharmsDev and ZK rollups on @litecoin, bringing its magical, programmable tokens and *bridgeless* bridging to Bitcoin’s silver twin. The UTXO renaissance is real—and it's uniting the old guard. 🧵👇 https://t.co/copF0S10k0" / X

Conor McGregor on X: "I want to build on the amazing feats president @nayibbukele has achieved in El Salvador. Germany dropped the ball - Ireland will not. Using crypto, I plan on establishing a decentralised blueprint for sovereignty. One that others can also adopt to reclaim their nations. I" / X

KULA on X: "Most projects launch first and worry about regulations later. Kula did the opposite. We built with compliance from day one. Legal frameworks, KYC, AML, all baked in, because real assets require real structure. That’s what makes Kula different. https://t.co/r8uopFwqcx" / X

Cautionary Notes

‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.