Bitcoin
Why Bitcoin is down 5.1% today
Analysis
Bitcoin fell 5.1% over the past 24 hours as broader risk-off sentiment and a deepening crypto selloff weighed on prices, alongside shifting sentiment around major BTC buying/ETF flow narratives. Decrypt reported that the market downturn intensified as sentiment shifted on Strategy’s Bitcoin bid and ETF-related flows, pressuring BTC.
Contributing Factors (3)
'Big Short' Michael Burry flags “death spiral” after silver liquidations beat bitcoin
Tokenized silver futures logged one of the largest wipeouts across crypto markets, overtaking the usual leaders bitcoin and ether.
Sentiment Shifts on Strategy's Bitcoin Bid as Crypto Market Selloff Deepens
Prediction market users increasingly think that Strategy will sell some BTC—but analysts don't think Bitcoin's price crash "changes anything."
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.