Bitcoin
Why Bitcoin is down 1.1% in the last hour
Analysis
Bitcoin slipped about 1.1% over the past hour as it drifted lower toward the $61K–$62.5K area, cooling hopes for back-to-back up days, according to CoinDesk’s live market updates. The move also aligns with broader ETF-flow-driven weakness highlighted by CryptoPotato, which noted BTC slumping to around $61K alongside renewed downside pressure across major alts.
Contributing Factors (3)
XRP, ADA, SOL Crash Again as BTC Price Slumps to $61K: Market Watch
SIREN has plummeted by over 35% in the past 24 hours. Many altcoins follow suit.
This is Bitcoin's Shallowest Bear Market—But is the Bottom In?
Bitcoin is down 50% from its all-time high in the shallowest bear market to date—but analysts caution that the bottom isn't in yet.
Live updates: bitcoin drifts back to $62,500, putting damper on hope for two straight up days
Crypto prices rose on Monday following last week's crash, but the bears still appear to be in control.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.