Bitcoin
Why Bitcoin is down 1.1% in the last hour
Analysis
Bitcoin slipped 1.1% over the past hour as macro uncertainty kept risk appetite muted after the Federal Reserve held rates unchanged, reinforcing a cautious tone for crypto traders. At the same time, spot market activity has reportedly fallen to bear-market lows, pointing to thinner liquidity and weaker demand that can exacerbate small sell-offs.
Contributing Factors (3)
Bitcoin Spot Volumes Crash to Bear-Market Lows – Apathy Now, Opportunity Next?
Major exchanges saw steep declines. Binance, for one, has shed $25 billion in volume since March.
Federal Reserve Keeps the Rates Unchanges: Will Bitcoin Keep Crashing?
BTC had dropped by nearly five grand in the days leading to the FOMC meeting.
Bitcoin, stocks risk 'months' of losses as Kevin Warsh Becomes Fed chair
Bitcoin fell after each new Federal Reserve chair began work, data showed, while Kevin Warsh gave mixed signals over policy for risk assets.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.