Bitcoin
Why Bitcoin is down 5.9% today
Analysis
Bitcoin fell 5.9% over the past 24 hours as stronger-than-expected U.S. jobs data pressured risk assets and weighed on crypto, pushing BTC back toward/below the $60K level.
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.