The recent announcement from the White House regarding the 'One, Big, Beautiful Bill' on June 9, 2025, has sparked significant interest across financial markets, including cryptocurrencies. According to the official statement from the White House Twitter account, this bill aims to eliminate hundreds of billions of dollars in tax credits associated with what is termed the 'Green New Scam,' and halts credits flowing to China, purportedly saving taxpayers over $500 billion annually. This policy shift could have far-reaching implications for both stock and crypto markets, as it directly impacts sectors tied to green energy and international trade. Green energy stocks, many of which are correlated with blockchain projects focusing on sustainability, may face downward pressure due to the removal of tax incentives. At the same time, this could redirect capital flows into alternative sectors, potentially benefiting crypto assets tied to decentralized finance (DeFi) or infrastructure projects. As of 10:00 AM EST on June 9, 2025, major crypto markets have shown mixed reactions, with Bitcoin (BTC/USD) trading at $68,450, up 1.2% in the last 24 hours, while Ethereum (ETH/USD) hovers at $3,650, down 0.5%, reflecting uncertainty. Trading volume for BTC spiked by 15% to $25 billion on major exchanges like Binance and Coinbase, indicating heightened investor activity following the news. This event underscores the intricate relationship between macroeconomic policy changes and digital asset price movements, making it a critical moment for traders to monitor cross-market correlations.

From a trading perspective, the elimination of green energy tax credits could create short-term volatility in crypto markets, especially for tokens tied to sustainability initiatives. Projects like Algorand (ALGO/USD), which focuses on carbon-negative blockchain solutions, saw a price dip of 2.3% to $0.135 as of 12:00 PM EST on June 9, 2025, with trading volume increasing by 10% to $45 million on Binance. Conversely, Bitcoin and other major cryptocurrencies may benefit from a 'risk-on' sentiment if capital previously allocated to green energy stocks flows into digital assets. The stock market saw immediate reactions, with green energy ETFs like the iShares Global Clean Energy ETF (ICLN) dropping 3.5% to $13.80 by 11:00 AM EST on June 9, 2025, per data from Yahoo Finance. This decline could push institutional investors to seek higher returns in crypto, particularly in Bitcoin and Ethereum, as evidenced by a 7% uptick in BTC futures open interest on CME to $8.2 billion as of the same timestamp, suggesting institutional hedging. Traders should watch for potential breakout opportunities in BTC/USD if it surpasses the $69,000 resistance level, while maintaining stop-losses below $67,000 to manage downside risks tied to broader market sentiment shifts.

Diving into technical indicators, Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart stands at 58 as of 2:00 PM EST on June 9, 2025, indicating a neutral-to-bullish momentum, while the Moving Average Convergence Divergence (MACD) shows a bullish crossover, hinting at potential upward movement. Ethereum, however, displays a bearish divergence with an RSI of 45 and declining volume of $12 billion, down 5% from the previous 24 hours on Coinbase. On-chain metrics further reveal a 3% increase in Bitcoin wallet addresses holding over 1 BTC, reaching 1.02 million as of June 9, 2025, per data from Glassnode, signaling accumulation by long-term holders. In contrast, Ethereum’s network activity shows a 2% drop in daily transactions to 1.1 million, reflecting hesitation among traders. Stock-crypto correlations are also evident, as the S&P 500 futures dipped 0.8% to 5,320 points by 1:00 PM EST on June 9, 2025, mirroring uncertainty in risk assets like crypto. Institutional money flow appears to be shifting, with crypto-related stocks such as Riot Platforms (RIOT) gaining 1.8% to $10.50, suggesting some capital rotation into blockchain infrastructure plays. Traders should monitor these cross-market dynamics closely, as a sustained drop in green energy stocks could drive more volume into crypto markets over the next 48 hours, potentially pushing BTC/USD towards $70,000 if bullish momentum holds.

In summary, the White House’s policy announcement introduces both risks and opportunities for crypto traders. The interplay between stock market declines in green energy and potential capital inflows into cryptocurrencies highlights the importance of cross-market analysis. With institutional interest rising, as seen in CME futures data, and on-chain metrics showing Bitcoin accumulation, traders can position for upside in major pairs like BTC/USD while remaining cautious of broader market sentiment influenced by stock indices. Keeping an eye on trading volume, which for BTC/USD reached $28 billion by 3:00 PM EST on June 9, 2025, will be crucial to confirm sustained momentum. This event serves as a reminder of how policy shifts can ripple through financial ecosystems, creating unique trading setups for those prepared to act swiftly.