Bitcoin fell on Monday, stirring up concerns that a broader stock market downturn could soon follow. The world's largest cryptocurrency by market capitalization was last trading at $91,529, or roughly 2.9% lower on the day, reversing its recovery from its six-month-low price hit on Friday. The S & P 500 was last trading 1.3% lower on the day. Bitcoin's price action is a "leading indicator" for U.S. stock market trends, eToro analyst Bret Kenwell told CNBC. So, if bitcoin's drop-off steepens, U.S. equities are also likely to plunge deeper into the red, he said. "In the short-term … a sustained break of the $90,000 level could usher in more selling pressure and bearish momentum," Kenwell said. "That could also weigh on other risk assets — like U.S. equities — exacerbating the pullback we've seen." Bitcoin has plunged 13% over the past week, while the S & P 500 has fallen 2.8% in that period. Many investors in artificial intelligence stocks — which make up a big portion of the the S & P 500's total market cap — hold the largest cryptocurrency by market capitalization in their portfolios. That links crypto with the broader U.S. equity market. Given their link, analysts are watching the token to gauge whether the stock market is poised to continue its losing streak. Greg Magadini, director of derivatives at crypto-focused data analytics firm Amberdata, said bitcoin could be headed for a steeper decline in the near-term, particularly as difficult credit market conditions and bearish sentiment among investors spell trouble for some of the largest holders, including Strategy. "If the markets turn bearish all at once, bringing AI and crypto prices down while the credit market simultaneously freezes up, [digital asset Treasurys] won't be able to refinance their debt and may become forced sellers of their crypto holdings," Magadini told CNBC. "This can trigger a cascade of price decreases." Adding to those concerns, the Federal Reserve may not cut is overnight benchmark rate at its December meeting, Magadini noted. Traders are pricing in a 55% chance of the Fed keeping rates steady, per the CME Group's FedWatch tool. The absence of another rate cut could "further complicate the [borrowing] environment," leading to more losses among digital assets and stocks, the analyst said. Bullish near term? Others on Wall Street, however, pointed to several reasons to be bullish on bitcoin — even in the near-term. "Institutional (and eventually sovereign) ownership of Bitcoin is a structural long-term trend and the current price action reflects a shallow and short-term correction," Bernstein analyst Gautam Chhugani said Monday in a note to clients, adding that most secondary market selling has so far been well absorbed. That "higher quality and consistent ownership" of bitcoin via exchange-traded funds could boost the asset, the analyst noted. And, the expected passing next year of a U.S. crypto market structure bill gives traders an additional reason to be optimistic about the token's potential to grow despite its recent pullback. Bitcoin's fundamentals also remain strong, which should protect its price from further declines, eToro's Kenwell added. "Overall, the fundamentals remain solid for bitcoin and the recent price action points toward a correction amid consolidation, rather than a structural break," he said.
Bitcoin is under pressure. Why that could spell trouble for U.S. stocks
cnbc发布于2025-11-17更新于2025-11-17
热门币种推荐
你可能也喜欢
交易
现货
热门文章
如何购买S
欢迎来到HTX.com！我们已经让购买Sonic（S）变得简单而便捷。跟随我们的逐步指南，放心开始您的加密货币之旅。第一步：创建您的HTX账户使用您的电子邮件、手机号码注册一个免费账户在HTX上。体验无忧的注册过程并解锁所有平台功能。立即注册第二步：前往买币页面，选择您的支付方式信用卡/借记卡购买：使用您的Visa或Mastercard即时购买Sonic（S）。余额购买：使用您HTX账户余额中的资金进行无缝交易。第三方购买：探索诸如Google Pay或Apple Pay等流行支付方法以增加便利性。C2C购买：在HTX平台上直接与其他用户交易。HTX场外交易台（OTC）购买：为大量交易者提供个性化服务和竞争性汇率。第三步：存储您的Sonic（S）购买完您的Sonic（S）后，将其存储在您的HTX账户钱包中。您也可以通过区块链转账将其发送到其他地方或者用于交易其他加密货币。第四步：交易Sonic（S）在HTX的现货市场轻松交易Sonic（S)。访问您的账户，选择您的交易对，执行您的交易，并实时监控。HTX为初学者和经验丰富的交易者提供了友好的用户体验。
3.3k人学过发布于 2025.01.15更新于 2026.06.02
Sonic：Andre Cronje主导升级，逆势上涨的Layer1新星
Sonic TVL逆势上涨，生态多元化发展，其中颇具代表的项目包括：FlyingTulip、Derps、SHADOW 。
7.9k人学过发布于 2025.03.21更新于 2025.04.09
成长学院：学习“ Sonic“ ，瓜分价值 1000 USDT
HTX Learn致力于挖掘具备潜力的热门项目，特别推出热门项目学习与交易活动，本期学习项目为“Sonic“。
6.7k人学过发布于 2025.04.10更新于 2025.04.10
相关讨论
