Bitcoin
Why Bitcoin is down 2.1% today
Analysis
Bitcoin fell 2.1% over the past 24 hours as macro risk sentiment softened amid renewed concerns about potential Fed rate hikes, with investors rotating toward yield-bearing alternatives like tokenized Treasuries (CoinDesk). Separately, on-chain data showing Bhutan’s government moved another 100 BTC added to near-term supply/flow concerns alongside broader 2026 bitcoin outflows topping $230 million (The Block).
Contributing Factors (3)
Bhutan government moves another 100 BTC as 2026 bitcoin outflows top $230 million: Arkham
Bhutan appears to have sold around $50 million in BTC per month this year, Arkham said, but still has $252 million in bitcoin remaining.
Tokenized Treasuries hit $15 billion as bitcoin stalls, Fed rate-rise concerns build
Your day-ahead look for May 13, 2026
ETH/BTC ratio falls to 10-month low as ether continues to underperform bitcoin
Widely followed crypto market gauge signals weakening risk appetite as investors continue favoring bitcoin over ether.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.