Bitcoin
Why Bitcoin is down 1.0% in the last hour
Analysis
Bitcoin slipped about 1% over the past hour as macro data pressured risk assets after US initial jobless claims came in lower than expected, a print that can reinforce a “higher-for-longer” rates narrative and weigh on BTC in the near term (CoinGape). Separately, discussion around a proposed quantum-related solution for Bitcoin may have added a cautionary tone, even if framed as a forward-looking technical proposal (Decrypt).
Contributing Factors (3)
Morning Minute: Bitcoin Devs Propose New Quantum Solution
BIP-361 would freeze the Bitcoin most at risk of seizure from quantum exploits. But will the community go for it?
Breaking: US Initial Jobless Claims Come Lower Than Expected, BTC Price Reacts
The US initial jobless claims came in lower than expected, according to an official release on Thursday, April 16. The Department of Labor revealed that initial jobless claims reduced significantly fo...
Just-In: Charles Schwab Opens Direct Trading for Bitcoin & Ethereum
Charles Schwab, one of the oldest brokerage firms, has officially entered the world of crypto trading. It will allow customers to buy and sell Bitcoin (BTC) and Ethereum (ETH) on its platform. It mark...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.