Bitcoin
Why Bitcoin is down 2.8% today
Analysis
Bitcoin fell 2.8% over the past 24 hours as risk sentiment weakened amid geopolitical headlines, with reports noting BTC slipped below $75,000 alongside news around Iran seeking to shift the format of meetings with the U.S. (CryptoPotato).
Contributing Factors (3)
VistaShares launches Treasury ETF with options-based Bitcoin exposure
The NYSE-listed BTYB allocates most of its assets to US Treasurys while using options strategies to provide weekly income and Bitcoin-linked exposure.
Bitcoin Drops Below $75,000 as Iran Seeks to Shift Meeting Format with the US
Bitcoin prices fall alongside the rest of the cryptocurrency market as the downturn continues.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.