NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin At Risk of Correction at $9.1k as U.S. Futures Hint a Sell-Off

Yashu Gola
Yashu Gola
1 year ago
3 mins read
bitcoin, cryptocurrency, btc usd, crypto, XBTUSD, BTCUSDT

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • Bitcoin is holding its intraday gains above $9,100 on Thursday.
  • But the cryptocurrency risks downside correction as the U.S. futures hint at a shaky start after New York opening bell Thursday.
  • The unsteadiness surfaced as China approved a proposal for a national security law in Hong Kong, raising possibilities of a new geopolitical conflict with the U.S.

Bitcoin was trading steadily above $9,100 on Thursday but risked breaking below the level as it heads into the U.S. trade session.

The downside sentiment grew stronger as traders failed to push the intraday rally above $9,300. Bitcoin slipped 1.07 percent from its midnight local top at $9,289, signifying bulls’ absenteeism near the area. Ahead of the European market open, the cryptocurrency was changing hands for as low as $9,112.

bitcoin, cryptocurrency, btc usd, crypto, XBTUSD, BTCUSDT
BTCUSD trending higher but in a bearish Rising Wedge pattern | Source: TradingView.com, Coinbase

The bitcoin price rallied yesterday only hours ahead of Goldman Sachs’ client meeting about the cryptocurrency. Traders anticipated that the banking giant would support Bitcoin’s growing presence on Wall Street.

Nevertheless, Goldman Sachs criticized the benchmark cryptocurrency, telling clients that it does not offer any protection against inflation. The pessimistic statements may have reduced bitcoin’s price explosion above $9,100 into a cracker.

U.S. Futures

Meanwhile, Bitcoin avoided aggressive intraday corrections as traders received mixed trend signals from the U.S. futures.

After closing higher to pre-March levels, the U.S. equity futures pared gains, with the benchmark S&P 500 hinting to open 0.1 percent lower on Thursday. Futures linked to the Nasdaq Composite also fell 0.66 percent, while that of the Dow Jones suggested a 0.18 percent advance.

s&p 500, dow jones, nasdaq, cnbc
Wall Street futures performance | Source: CNBC Pre-markets

Michael Drummey, the U.S. equity risk trading head at Mizuho Americas, noted that the U.S. stocks underwent a FOMO rally – a fear of missing out” earlier this week. He asserted that investors who missed out on the post-March rally are buying equities in frustration as the U.S. economy reopens.

Meanwhile, Mr. Drummey warned that the stocks are now under risk of “reasonably sized pullback” as artificially inflated companies stare at potential bankruptcies. He also cited uncertainties arising from growing conflicts between the U.S. and China that may affect the stock market uptrend.

China’s parliament on Wednesday voted in favor of a new security law for Hong Kong. The new rules aimed at curbing the rising anti-China, pro-democracy protests in the former British territory. Now their validation could provoke more reactions from President Donald Trump.

The new law pushed Chinese yuan to a low of 7.1556 against the U.S. dollar.

Bitcoin in Wait-and-Watch Mood

Bitcoin has historically behaved like a safe-haven in times of recent U.S.-China conflicts. But its growing correlation with the U.S. stocks amid the ongoing financial crisis increases its risks of tailing the macro trend.

So it appears, institutional investors’ increasing exposure in the bitcoin market allows them to sell their crypto positions to cover their losses in other markets. A similar sentiment was instrumental in crashing the cryptocurrency by more than 60 percent in March 2020.

bitcoin, cryptocurrency, btc usd, crypto, XBTUSD, BTCUSDT
Source: Twitter

Bitcoin now holds above $9,100 but remains in a broader bearish correction. The cryptocurrency’s failure to close above crucial resistances between $9,300 and $10,000 further raises its possibilities of extending the prevailing downtrend.

So, if the U.S. stocks react negatively to the U.S.-China conflict, then it means bitcoin could do the same.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

제미니, 비트코인 대량 보유한 MSTR 주식 토큰화… 다음 유망 알트코인은?

제미니, 비트코인 대량 보유한 MSTR 주식 토큰화… 다음 유망 알트코인은?

가상화폐 거래소 제미니(Gemini)가 유럽 사용자를 대상으로 마이클 세일러(Michael Saylor)의 스트래티지(Strategy, $MSTR) 주식을 토큰화한 상품을 새로 출...

Soyeon Lee 1 hour ago
Dogecoin

Dogecoin Under Pressure: Only Top 10 Coin Where Loss-Taking Exceeds Profit

On-chain data shows Dogecoin is the only cryptocurrency among the top 10 where investors are currently realizing more losses than...

Keshav Verma 1 hour ago
트럼프, 백악관 연설서 비트코인 지지… BTC불 토큰 수혜 볼까?

트럼프, 백악관 연설서 비트코인 지지… BTC불 토큰 수혜 볼까?

도덜드 트럼프(Donald Trump)가 백악관 기자회견에서 비트코인을 다시 극찬하며 지지 입장을 밝혔다. 그는 비트코인이 ‘놀랍다’고 표현하며 경제 전반에서...

Soyeon Lee 1 hour ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Price Readies for Takeoff

Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs

Aayush Jindal 35 minutes ago
Bitcoin price preview July news

Bitcoin July Preview: History Says Don’t Trust The Quiet

Jake Simmons 42 minutes ago
Bitcoin Price Holds Steady

Bitcoin Price Holds Steady — Bullish Monthly Structure Suggests Rally Continuation

Aayush Jindal 1 hour ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    12 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    13 hours ago
  • Най-добрите криптовалути преди...

    13 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    13 hours ago
  • BTC

    仮想通貨 おすすめ:BTC Bull...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.