Bitcoin
Why Bitcoin is up 1.3% in the last hour
Analysis
Bitcoin rose 1.3% over the past hour as a low-volatility session saw BTC and ether grind higher while altcoins lagged, with market positioning and liquidations contributing to the move, according to CoinDesk. Separate coverage pointing to whale activity and “floor” support amid hashrate strain also aligns with a modest bid in BTC, per AMBCrypto.
Contributing Factors (3)
Bitcoin, ether rise as altcoins lag in low-volatility trade
Bitcoin and ether tick higher, but weak altcoin breadth, heavy liquidations and elevated options hedging suggest traders remain cautious.
UAE-linked bitcoin mining amasses $344 million unrealized profit excluding energy costs: Arkham
Arkham attributes approximately $344 million in unrealized profit to wallets linked to UAE royal family–affiliated mining operations.
Bitcoin price analysis: Can whales stabilize the floor amid hashrate strain?
Bitcoin consolidation persists as institutional demand fades and passive accumulation offsets capitulation pressure.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.