On June 29, 2025, US stock indices demonstrated a positive trend due to progress in trade negotiations with China.
Markets Rise Following Trade News
The Dow Jones Industrial Average rose by 1% on June 28, 2025, with weekly gains reaching 3.82%. The S&P 500 and Nasdaq increased by 0.52% each, supported by positive performances in the semiconductor sector.
Limited Impact on Cryptocurrencies
Despite the rise in stock indices, the impact on cryptocurrencies from trade talks was minimal. Positive trading conditions led to increased risk appetites, yet changes in the crypto market remained insignificant.
Historical Context and Price Analysis
According to CoinMarketCap, as of June 28, 2025, Ethereum (ETH) was priced at $2,421.01, with a market cap of $292.26 billion. ETH's price shifted 2.96% over the last week, although it decreased by 1.24% in the past 24 hours. Its trading volume reached $13.70 billion, showing a 17.78% drop from previous periods.
As stock indices gain from positive trade news, the impact on cryptocurrencies remains limited.
