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Market News The US lowered import tariffs on some steel, aluminum, and copper products, causing Bitcoin to plummet by 7%!
Markets News
The US lowered import tariffs on some steel, aluminum, and copper products, causing Bitcoin to plummet by 7%!
Author Avatar TOPONE Markets Analyst
2026-06-03 08:30:00

Hot spot tracking

  • The US has lowered import tariffs on some steel, aluminum, and copper products, and plans to impose a 25% tariff on Brazilian goods. This news is beneficial to exporters of construction machinery and agricultural machinery.
  • Canada has formally proposed extending the USMCA (United States-Mexico-Canada Agreement) for another 16 years. This news is positive for the Canadian dollar.
  • LME copper rose to $14,000 per ton, nearing a record high. This news is bullish for LME copper.

Product Hot Comment

  • Forex Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD -0.08% 1.16192 1.16286
    GBP/USD -0.11% 1.34498 1.34644
    AUD/USD -0.12% 0.71706 0.71791
    USD/JPY 0.04% 159.99 159.92
    GBP/CAD -0.03% 1.86195 1.86248
    NZD/CAD -0.09% 0.81914 0.81991
    📝 Review:On Tuesday, despite numerous market reports regarding US-Iran negotiations, investors remained cautious about progress on ending the US-Israel war in Iraq. The US dollar index initially fell before rising, but remained firmly above the 99 mark, ultimately closing up 0.01% at 99.20. The benchmark 10-year US Treasury yield closed at 4.446%, while the 2-year US Treasury yield, which is sensitive to Federal Reserve policy rates, closed at 4.051%.
    🕵️ Operation suggestion:

    USD/JPY 159.971  Buy  Target Price  160.680

  • Gold Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold -0.56% 4462.23 4487.38
    Silver -1.18% 74.266 75.155
    📝 Review:Spot gold briefly surged above $4,540 in European trading, but subsequently gave back most of its intraday gains and fell below the $4,500 mark, ultimately closing up 0.09% at $4,488.23 per ounce; spot silver closed up 0.4% at $75.12 per ounce.
    🕵️ Operation suggestion:

    Gold 4473.58  Sell  Target Price  4365.50

  • Crude Oil Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil 2.37% 94.057 91.876
    Brent Crude Oil 0.48% 96.404 95.943
    📝 Review:WTI crude oil initially fell before rising, starting its upward trend during the US session, ultimately closing up 0.86% at $95.23 per barrel; Brent crude oil ultimately closed up 0.26% at $95.21 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 92.548  Buy  Target Price  98.731

  • Indice Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 -0.56% 30517.45 30688.15
    Dow Jones 0.03% 51350.7 51337.7
    S&P 500 -0.29% 7591.75 7614.05
    US Dollar Index -0.04% 99.14 99.18
    📝 Review:U.S. stocks closed up 0.45%, the S&P 500 rose 0.13%, and the Nasdaq Composite edged higher. Microsoft (MSFT.O) fell 4%, Google (GOOG.O) fell nearly 4%, while Marvell Technology (MRVL.O) surged 32% after Jensen Huang stated that Marvell Technology would become the next trillion-dollar company. The Nasdaq China Golden Dragon Index closed up 1.8%, and Alibaba (BABA.N) rose over 4%.
    🕵️ Operation suggestion:

    Nasdaq 100 30644.950  Buy  Target Price  31162.365

  • Crypto Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin -2.20% 66021.7 67503.5
    Ethereum -3.52% 1831.2 1898.1
    Dogecoin -3.28% 0.09005 0.0931
    📝 Review:Bitcoin experienced a sharp drop overnight and this morning, falling from $72,000 to $66,970, and is currently trading at $67,500, a nearly 7% decline in 24 hours. Over 250,000 users across the internet have been liquidated, with a total liquidation amount exceeding $1.6 billion. News factors included Strategy&'s first reduction of its BTC holdings, continuous large net outflows from US ETFs, rising expectations of a Fed rate hike, and geopolitical tensions between the US and Iran, all triggering selling pressure. Technically, Bitcoin has broken below multiple key moving averages, with the 4-hour MACD histogram expanding and the RSI entering oversold territory. Short-term support is at $66,500, and resistance is at $69,200, indicating a dominant downtrend.
    🕵️ Operation suggestion:

    BitCoin 66591.6  Sell  Target Price  64871.7

Calendar

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    23:30 (GMT+8): US Treasury auction for 6 weeks ending June 2 - winning bid rate
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