Bitcoin
Why Bitcoin is down 5.4% today
Analysis
Bitcoin fell 5.4% over the past 24 hours as risk sentiment weakened amid heavy selling that pushed BTC below the $84,000 area, alongside a sharp drop in spot trading activity that weighed on the broader crypto complex and related stocks. CoinDesk highlighted that spot volume plunged as bitcoin tumbled under $84K, reinforcing the downside move.
Contributing Factors (3)
Bitcoin Price Prediction: BTC Slips to $83K but These Behind-the-Scenes Signals Are Turning Heads
Bitcoin dips to $85K as US crypto regulation advances, DeFi activity expands block space demand, and corporate buyers tighten supply despite volatility. The post Bitcoin Price Prediction: BTC Slips to...
Crypto stocks sink as spot volume plunges and bitcoin tumbles below $84,000
Bellwether crypto exchange Coinbase was lower for an 8th straight session on Thursday to its weakest level since May.
Brock Pierce-backed Ethereum treasury firm Bit Digital to fully wind down bitcoin mining operations
Bit Digital entered the bitcoin mining business in 2020 and was an early diversifier into the HPC/AI sector.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.