Bitcoin
Why Bitcoin is down 1.1% in the last hour
Analysis
Bitcoin slipped 1.1% over the past hour as risk-off headlines and forced selling pressured the market, with reports highlighting liquidation-driven downside amid fears of an Iran strike. CoinDesk also noted BTC’s drop toward the $84,000 area and pointed to key technical levels traders are watching, which can amplify short-term selling when broken.
Contributing Factors (3)
Bitcoin's Quantum threat is ‘real but distant,’ says Wall Street analyst as doomsday debate rages on
Wall Street broker Benchmark argued the crypto network has ample time to evolve as quantum risks shift from theory to risk management.
Bitcoin Price Plunges to 6-Week Low as Liquidations Explode Amid Iran Strike Fears
At the same time, oil prices have started to climb. Gold and silver were also hit today.
Here are key levels to watch as bitcoin plunges to $84,000
While precious metals and stocks bounce from their worst levels of the session, crypto remains near the day's low.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.