Bitcoin
Why Bitcoin is down 1.1% in the last hour
Analysis
Bitcoin slipped 1.1% over the past hour as traders reacted to renewed downside pressure tied to ETF flow narratives, with Decrypt reporting BTC “erasing” a prior catalyst-driven bounce and falling back toward the $60K level. Risk sentiment also looked weaker alongside broader crypto-equity spillover after Ark Invest sold Coinbase shares amid the Bitcoin drawdown, reinforcing a cautious tone.
Contributing Factors (3)
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.
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.
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.