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, Stocks Fall as Dollar Rebounds ahead of U.S. Trade Data

Yashu Gola
Yashu Gola
1 year ago
2 mins read

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.

  • Spot bitcoin fell 1.45 percent to $9,501 as of 0900 UTC as the U.S. dollar rebounded from its seven-day plunge.
  • The cryptocurrency’s downside move surfaced ahead of a fresh U.S. trade and unemployment data release at 0830 ET on Thursday.
  • The U.S. stock market, which remains positively correlated to bitcoin, also dived as investors booked short-term profits.

Bitcoin continued to tail the moves in the global stock market this Thursday.

The benchmark cryptocurrency fell by 1.45 percent to $9,501 minutes after 0900 UTC. The downside swing mainly came as a part of a short-term technical correction, wherein traders booked their intraday profits near the top of $9,689. So it seems, certain macro factors also kept traders from holding Bitcoin.

bitcoin, btc usd, xbt usd, btcusdt, cryptocurrency, stocks, gold
BTCUSD holding above psychological support of $9,500 | Source: TradingView.com, Coinbase

Dollar Rebounds

One of them is the U.S. dollar rebound. The greenback’s benchmark index, which compares it against a basket of foreign currencies, rose 0.20 percent after falling consecutively for seven daily sessions. The move uphill came ahead of the European Central Bank’s meeting on fiscal policies on Thursday.

us dollar index, dxy, bitcoin
The U.S. dollar rebounds after falling for seven days back to back | Source: TradingView.com, Coinbase

Investors are watching whether or not the bank would expand its €750 billion ($840 billion) emergency bond-buying program when it publishes its policy decision at 0745 ET. That allowed many to withdraw their profits from risky assets and move back to what they believed remains the safest haven: the US dollar.

The move was visible across the European stock market. The pan-continental Stoxx Europe 600 fell 0.5 percent in early trading Thursday. Meanwhile, London’s FTSE 100 was down 0.4 percent. Euro also slipped.

The U.S. Trade, Job Data

The fall in the bitcoin, as well as the European market, rippled a similar sentiment in the U.S. stock market.

Futures linked to the benchmark S&P 500 fell 0.4 percent, signaling that its four-day rally may come to a halt after the New York opening bell. So it appears, investors booked their profits ahead of the release of new U.S. trade and unemployment data. The move showed they were not optimistic.

Georgina Taylor, a multi-asset fund manager at Invesco, told WSJ that investors anticipate the upcoming economic data to paint a bleaker picture for the U.S. market. Meanwhile, Alex Wong, a hedge fund manager, noted that he is keeping the majority of his portfolio in cash for the same reason.

Bitcoin traders, who believe the cryptocurrency is becoming a macro asset, may have paused their upside speculation under similar fundamentals. Both Bitcoin and S&P 500 have moved in sync since the global market rout of February and March 2020.

The cryptocurrency, meanwhile, continues to trade below a strong resistance area near $10,000. Traders have shown resilience towards breaking or holding the level as support, which may also be adding downside pressure on it.

Tweet123Share228ShareSend
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

DeFi新幣AERO價格強勢暴漲80% Solaxy迷因幣募資破5,500萬美元即將上市

儘管中東局勢升溫讓全球市場情緒承壓,加密貨幣領域卻未完全陷入恐慌。市場總市值於6月19日略微下跌2.2%,投資者恐懼與貪婪指數依舊維持在65左右,顯示氛圍雖不火熱,但仍處於穩健的偏多區間。 在此背景下...

Mark Mak 3 hours ago
Bitcoin Sees Modest Gains, But Demand Weakness Limits Breakout Potential

Bitcoin Sees Modest Gains, But Demand Weakness Limits Breakout Potential

Bitcoin has resumed a slow climb upward after a recent period of consolidation, briefly breaking back above the $106,000 mark...

Samuel Edyme 4 hours ago
bitcoin

Bitcoin May Surprise Bears: $100K–$110K Range Shows Rising Short Interest

While Bitcoin (BTC) has remained range-bound – trading between $100,000 and $110,000 for about a month – both short and...

Ash Tiwari 5 hours 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

ChatGPT voorspelt: BTC koers riskeert crash onder $100k – kan Bitcoin instorten?

ChatGPT voorspelt: BTC koers riskeert crash onder $100k – kan Bitcoin instorten?

Lars Diederiksen 14 minutes ago
Solana, Aptos, memecoin, Avalanche, BNB

BNB Price Breakout Could Trigger ATH Rally Repeat – Is $730 The Next Stop?

Rubmar Garcia 1 hour ago
Bitcoin

Consolidation Takes Its Toll: Bitcoin Investors No Longer Greedy

Keshav Verma 2 hours ago

Premium Sponsors

Top Brands

Press Releases

  • The best investment era for XRP, DOGE, and BTC has arrived...

    8 hours ago
  • Crossing the fog of crypto market volatility, ETHRANSACTION...

    10 hours ago
  • Bitcoin

    ico...

    12 hours ago
  • Solaxy SOLX

    仮想通貨 おすすめ:Anthony Scaramucci が語る...

    12 hours ago
  • شعار عملة سولاكسي المستوحى من شخصية آينشتاين على كوكب الأرض محاطاً بأشخاص يحملون أوراقاً نقدية

    ...

    12 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.