CryptMarket Analysis — 07-09-00
Crypto markets faced renewed volatility in the past hours as Bitcoin slipped below $110,000, raising concerns of a deeper correction toward the $93,000 level ahead of the U.S. jobs report. Regulatory clarity improved as SEC and CFTC chiefs announced their commitment to joint efforts, signaling a coordinated approach to establishing spot crypto asset trading rules in the U.S.—a move likely to reduce uncertainty and bolster longer-term confidence. Meanwhile, bearish sentiment intensified in options and futures markets, reflecting trader apprehension ahead of large Bitcoin options expiry and weak macro data. As institutional accumulation continues to show resilience, market participants remain cautious in anticipation of influential data and regulatory developments.