Bitcoin
Why Bitcoin is down 2.9% today
Analysis
Bitcoin fell 2.9% over the past 24 hours as ETF-related selling pressure weighed on the market. U.Today reported BlackRock extended Bitcoin and Ethereum sales totaling about $217 million, and Bitcoin Magazine noted heavy outflows and a broader “bloodbath” across crypto-linked stocks as BTC slid toward $61,000.
Contributing Factors (3)
BlackRock Extends Bitcoin and Ethereum Sale for $217 Million
BlackRock makes another Bitcoin and Ethereum deposit, sparking concerns about its continued sell attempts as the price of both crypto assets plunges lower.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.