Bitcoin
Why Bitcoin is down 1.3% in the last hour
Analysis
Bitcoin fell 1.3% over the past hour as broader risk assets softened, with CoinDesk noting crypto slid alongside retreating tech stocks and gold and that BTC’s correlation with the Nasdaq has turned positive. CoinDesk also reported BTC remained under pressure around the $68,000 area despite easing panic, suggesting continued near-term selling/overhang even as sentiment stabilizes.
Contributing Factors (3)
Michael Saylor's Strategy purchased $168 million in bitcoin last week
The company's stack is now 717,131 bitcoin acquired for $54.52 billion, or $76,027 per coin. Bitcoin's current price is $68,000.
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.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.