MARKETS week ahead: June 8 – 14Crypto Total Market Cap, $CRYPTOCAP:TOTALXBTFXLast week in the news The first trading week in June started with surprisingly better than expected US jobs data, which influenced some positivity in investors sentiment. The US equity markets gained during the week, with S&P 500 heading again toward levels above the 6K. The US Dollar also modestly gained on Friday, pushing the price of gold to the lower ground, ending the week at the level of $3.309. The US 10Y Treasury benchmark also had a strong reaction on the US jobs data, surging to the level of 4,5% on Friday. The crypto market was traded in a mixed manner, however, BTC managed to hold the $105K level as of the end of the week. Previous week was marked with the US jobs data, which the market closely watched. At the start of the week JOLTs job openings in April were posted, with a modestly higher figure than anticipated. Jobs openings reached 7,391M, while the market was expecting to see the figure of 7,1M. However, the major data were posted on Friday, impacting the positive market sentiment. The Non-farm payrolls in May added 139K new jobs, while the market estimate was at the lower grounds, around 130K. The market reaction was positive for the equity market, however, it pushed US Treasury yields to higher grounds. Investors are not anticipating that the Fed might hold interest rates at current levels for a longer period of time, than previously anticipated. The CME FedWatch tool is currently estimating odds of 100% that the Fed will hold interest rates steady at their June meeting. On the opposite side from US investors' sentiment was the European Central Bank, which cut interest rates for the eighth time this year by 25 basis points. The ECB reference rate currently stands at 2%, at the same level where yearly inflation in the Euro Zone stood in May. The ECB currently sees reference interest rate at neutral level. At the same time, ECB commented that the next move will be data-driven, in which sense, neither the ECB nor markets could perceive when and what will be the next ECB move. ECB President Lagarde commented that the US tariffs would hurt EuroZone growth, but extra government spending on defence would bring some positive effects to the economy. The ECB also lowered the inflation forecast for this year and next, while its growth projections remained unchanged. The inflation forecast for this year stands at 2% from 2,3% previously, and at 1,6% in 2026. Since tariffs are the major headline news, some new information from the previous week includes continuation of negotiations between US and China in London in a week ahead. The US President announced that China agreed to let some rare minerals flow from China to the US. At the same time, Reuters posted that the China central bank bought gold on the market for the seventh consecutive month in May, increasing further its gold reserves. Another event that spotted market attention was a dispute between the US President and his ally Elon Musk over the “big, beautiful” tax bill which is to be adopted in the US, including significant tax cuts. Musk commented on social networks that this bill will add $36,2 billion new debt to the US balances, which could further hurt the sustainability of the US debt. The shares of Musk's company Tesla dropped by 14% on the news, however, modestly recovered as of the end of the week. CRYPTO MARKET During the previous week the crypto market continued with consolidation, after reaching the new highs two weeks ago, especially concerning the BTC price moves. Although the market traded in a modestly negative sentiment during the week, Friday's US jobs data, which was better than expected, also pushed the crypto market to cover some of the weekly losses. Total crypto market capitalization remained flat on a weekly level, with a modest weekly funds outflow of $8B. Daily trading volumes also eased to the level of $194B on a daily basis, from previous weeks $234B. Total crypto market capitalization increase from the beginning of this year, currently stands at 0%, with an inflow of funds of around $2B. The crypto market was traded in a mixed manner during the previous week. The leader of the market, BTC, was initially traded toward the downside, but managed to end a week flat, with a small funds inflow of $6B. On the opposite side was ETH, which lost less than 2% in the market value, decreasing its cap by $5,9B. Major crypto coins were also traded with a negative sentiment, but with relatively small weekly loss. In this group is BNB, with a weekly drop in value of 1,6%, Solana was down by 2,8%, ZCash was down by 3,7%. DOGE was down by 5% on a weekly basis, due to a dispute between the US President and his ally Elon Musk, a promoter of DOGE. Few coins which ended the week in green were Maker, which surged by 7,5%, Tron was traded higher by 4,4% and OMG Network ended the week higher by 3,4%. There have been some interesting developments when circulating coins are in question. Namely, during the previous week BTC increased the number of coins on the market by 0,1%. Such a situation is extremely rare on the market, which is why it deserves attention. At the same time, Solana also had an increase in circulating coins by 0,6% while the number of coins of EOS were higher by 0,5% w/w. Crypto futures market In line with the consolidation on the spot market, the crypto futures eased during the previous week. BTC futures were traded modestly down by 0,3%, which could be treated as a flat weekly trading. Futures maturing in December this year closed the week at $108.695, and those maturing a year later, were last traded at $114.860. ETH futures had a higher drop of around 3,5% for all maturities. ETH futures ending in December 2025 closed the week at $2.597, and those maturing in December 2026 were last traded at $2.795.