On June 2, 2025, financial markets showed mixed activity amid escalating trade tensions following U.S. President Donald Trump's announcement of increased steel and aluminum tariffs. The S&P 500 Index (SPX) hovered around key support and resistance levels, with the E-mini S&P futures (ES) trading near 5,895. Market breadth and sector performance were closely monitored alongside the U.S. dollar. In commodities, gold, silver, copper, and oil prices were tracked in relation to Bitcoin (BTC). BTC experienced volatility, failing to sustain the $105,000 level, with prices around $104,400 to $108,000 reported. This volatility contributed to $430 million in outflows from the IBIT fund, ending a 34-day positive inflow streak. Decentralized exchanges (DEXs) accounted for 25% of global spot crypto trading volume in May, exceeding $410 billion. The crypto market also saw notable developments, including the launch of the LOUD token with $11 million in market value, and Moonbirds NFTs rising 77% over the week to 0.85 ETH after acquisition by Orange Cap Games. Additionally, the week ahead includes the introduction of the Bitcoin Act and a scheduled speech by Federal Reserve Chair Jerome Powell.