CryptMarket Analysis — 7-9-09
The crypto market opened September 7th with bearish momentum as Bitcoin slipped below $110K, driven by broad risk aversion and renewed downside speculation ahead of key U.S. jobs and options expiry events. Both Bitcoin and the CoinDesk 20 index are trending lower, with negative sentiment confirmed by increased selling pressure, hedging activity, and analysts warning of a possible sharper pullback to $93K before Q4 recovery attempts. Regulatory tone remains cautious, as the SEC and CFTC signaled joint cooperation but not fresh optimism; institutional adoption shows signs of pause, and market structure bills continue to face headwinds in Senate. Liquidity remains fragile with heightened volatility expected near major expiries and policy statements. Short term, expect defensive trades and limited upside.