Tesla shares open the week with red candles, falling to $315.35 with a 0.095% dip, with wider selling across US stocks and metals.
A drop hit when Bitcoin blew through resistance and ended the week of June 29th at an all-time great end. Actions divide the risk market in two. Stock has decreased and cryptocurrencies have risen.
As always, the trigger came straight out of Washington after President Donald Trump confirmed on Sunday that new tariffs would begin on August 1st rather than July 9th when the market was priced.
The news sent us stock futures to Tailspin on Sunday night. The Dow Jones industrial average fell 146 points, down 0.32%. The S&P 500 futures lost 0.39%, while the Nasdaq 100 futures fell 0.42%. Trump did not announce it alone.
Standing by his side was Secretary of Commerce Howard Lutnick, who told reporters: Trump nodded in agreement, ending the market’s weekend hopes. This update came after several days of speculation by investors. And Wall Street was hanging just as they had a strong week.
Bitcoin makes history as ETF influx is built
Bitcoin was over $108,500 before closing Sunday at over $109,000, according to Coingecko data. Over the past month, nearly 50,000 BTCs have moved to US spot ETFs, showing strong institutional demand.
Based on the flow to price model, the next major target is $117,000. The model closely tracks price actions in previous cycles, particularly during aggressive ETF accumulation. Market analysts call it “whale game” because retail clocks from bystanders are quietly accumulating while large buyers are quietly accumulating.
While Bitcoin was rising, the metal moved downwards. Gold, which won almost 2% last week, hovered around $3,325 per ounce on Monday. He’s still above 25% in 2025, sitting shy, just under $170 from his April record.
ETF inflows and central bank demand remained gold this year, but short-term traders were pulled back after the White House announcement.
S&P 500 loses steam after tariff delays cause confusion
Treasury Secretary Scott Becent confirmed the new customs date when he appeared on CNN’s “The Status of the Union” Sunday. “If there is no transaction, the tariffs will return to the level of April 2 on August 1st,” he said. The announcement set the expectations that key obligations could be revived unless there was a breakthrough in trade talks. Most investors have been planning on tariffs starting this week. That seems wrong now.
The original 90-day suspension from “mutual” tariffs in April was set to expire on Tuesday, with the EU deal deadline hit on Wednesday. If there is no contract with the European Union, a tariff of up to 50% is expected on EU goods.
Last week’s stock rally came from the belief that Trump actually doesn’t follow the most extreme tariff threat. That optimism has collapsed. Still, some traders are holding back their hopes. They believe that if they can demonstrate that they are ready to handle tariffs, US companies will beat weak revenue expectations.
The US dollar index immersed in just 96.90, but the Chinese settlement fell 0.07% to 7.1656. The Japanese yen also slipped to 0.0069, with a slight movement of +0.0000090. Other currencies, including the euro, pound and rubles, are also traded just below neutral.
Unlike gold, silver was torn to the highest price seen in nearly 14 years, $37.225. The spikes stood out in a market dominated by sales pressure.
