Bitcoin
Why Bitcoin is down 1.2% in the last hour
Analysis
Bitcoin fell 1.2% over the past hour as macro pressure weighed on risk assets after Fed Governor Waller’s remarks were interpreted as keeping the door open to further rate hikes, which can strengthen the dollar and dampen demand for crypto. Separately, reports of Trump Media moving over $200 million in Bitcoin added to near-term supply/flow concerns, while prediction-market commentary suggesting BTC is unlikely to reach $100,000 this year may have reinforced bearish sentiment.
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 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...
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.