Bitcoin
Why Bitcoin is down 2.0% in the last hour
Analysis
Bitcoin fell about 2% over the past hour as broader risk-off sentiment around crypto intensified, with Decrypt noting BTC “erases [the] Trump pump” and slid back toward $60K amid attention on ETF flow dynamics. Additional pressure came from equity-linked crypto sentiment after Ark Invest cut Coinbase exposure during the downturn, reinforcing a defensive tone across the sector.
Contributing Factors (3)
South Korean Crypto Exchange Accidentally Gave Away $95 Billion in Bitcoin
The error was quickly corrected, but not before Bithumb users sold off billions in Bitcoin, temporarily crashing its listed price.
Morning Minute: Bitcoin Erases Trump Pump, Falls to $60k
Thursday marked one of the worst days in crypto history, with majors plunging 15-20% before modest relief.
Cathie Wood's Ark Invest Dumps Coinbase Shares Amid Bitcoin Crash
Noted tech investor Cathie Wood's Ark Invest dumped shares in Coinbase on Thursday amid Bitcoin's slide to nearly $60,000.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.