Bitcoin
Why Bitcoin is down 1.4% in the last hour
Analysis
Bitcoin slipped 1.4% over the past hour as risk sentiment weakened after stronger-than-expected U.S. jobs data, which pushed traders to price in a more restrictive rate outlook and pressured BTC back toward the $60K area.
Contributing Factors (3)
Bitcoin Dives Below $60K Following Strong Jobs Data, Zcash Crash Shaking Crypto Confidence
Bitcoin has now fallen more than 50% from its October peak, dipping below $60,000 as the crypto industry reckons with the Zcash vulnerability.
Bitcoin teases 'seller exhaustion' as BTC price downside reaches $60.3K
Bitcoin sellers were losing steam, market analysis said as ongoing BTC price downside brought the market closer to $60,000.
Bitcoin Crumbles Toward $60K, Strategy Sold BTC, Zcash Faces Critical Vulnerability: Weekly Crypto Recap
Many cryptocurrencies charted multi-month or even yearly lows in the past week. ADA is among the poorest performers.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.