Bitcoin
Why Bitcoin is down 1.0% in the last hour
Analysis
Bitcoin slipped about 1% over the past hour as broader risk sentiment around liquidity and interest-rate expectations weighed on crypto, echoing analysts’ comments that markets are repricing the rate outlook alongside recent ETF flow dynamics. Additional pressure came from renewed downside framing in coverage highlighting historical levels where BTC could still “fall further,” which can dampen near-term bids.
Contributing Factors (3)
Russia's biggest bitcoin mining firm's founder arrested for tax evasion while his company faces bankruptcy
An En+ subsidiary has filed an insolvency claim against the crypto mining firm, adding to pressure from energy debts, regulatory curbs and internal turmoil.
Bitcoin closes four consecutive months red as stocks and gold markets reprice liquidity, rate outlook: analysts
Bitcoin has fallen below $78,000 as crypto and precious metals sell off in tandem amid ETF outflows, liquidation pressure and Fed uncertainty.
Bitcoin can still fall further. Historical data shows $60,000 will be the bottom
Historical data show that bitcoin has always found support in bear markets at the 200-week moving average.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.