Bitcoin
Why Bitcoin is down 1.5% today
Analysis
Bitcoin fell about 1.5% over the past 24 hours as macro pressure weighed on risk assets after Fed Governor Christopher Waller’s remarks were interpreted as keeping the risk of further rate hikes on the table, which helped push BTC below key levels. Sentiment was also dampened by market expectations data suggesting Bitcoin is unlikely to reach $100,000 this year, reinforcing a more cautious near-term outlook.
Contributing Factors (3)
Trump Media Moves Over $200 Million in Bitcoin as Losses Pile Up: Arkham
It's unknown whether Trump Media & Technology Group is selling its Bitcoin, though it has amassed sizable losses on its holdings.
Bitcoin Unlikely to Hit $100,000 This Year: Kalshi
The possibility of Bitcoin hitting $100,000 before the year runs out has moved from 40% to zero on Kalshi as its traders increasingly turn bearish.
Bitcoin Drops Below $77,000 as Waller Speech Suggests Fed Rate Hike Risk
Bitcoin slips below $77,000 after Fed Governor Waller's hawkish speech lifts October rate hike odds and pressures risk. The post Bitcoin Drops Below $77,000 as Waller Speech Suggests Fed Rate Hike Ris...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.