Bitcoin
Why Bitcoin is down 1.8% today
Analysis
Bitcoin fell about 1.8% over the past 24 hours as broader risk assets weakened, with CoinDesk noting crypto slid alongside retreating tech stocks and gold while BTC’s correlation with the Nasdaq turned positive. Additional pressure came as BTC stayed pinned near the $68,000 area amid ongoing ETF flow dynamics, even as signs of panic eased, according to CoinDesk.
Contributing Factors (3)
Crypto slides as tech stocks and gold retreat; bitcoin-Nasdaq correlation turns positive
Bitcoin falls to $68,000 as tech-led risk-off move deepens, gold extends correction and memecoins lead altcoin losses amid BTC dominance range.
$75K or bearish ‘regime shift?’ Five things to know in Bitcoin this week
Bitcoin market analysis focused on liquidations and the wick to $59,000 for signs of the next significant BTC price move on lower time frames.
Bitcoin remains under pressure near $68,000 even as panic ebbs
Key derivatives metrics and ETF flows suggest lack of demand, but macro forces offer hope.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.