Bitcoin
Why Bitcoin is down 1.6% today
Analysis
Bitcoin fell 1.6% over the past 24 hours as a sharp “sell at any price” rout pushed BTC below $70,000 and wiped out post-election gains, according to CoinDesk’s coverage of the move and related ETF-flow context. CryptoPotato also noted that Bitcoin’s attempted recovery stalled around $72,000, reinforcing the near-term downside pressure.
Contributing Factors (3)
Bitcoin falls below $70,000 after erasing post-election gains during 'sell at any price' rout
Crypto sentiment was hit as Gemini plans to close operations in several regions and cut staff, while spot bitcoin ETF flows turned negative.
Ethereum Reclaims $2K Level, Bitcoin Recovery Halted at $72K: Weekend Watch
Meanwhile, XRP and SOL are among the top performers today, with notable increases following the latest market crash.
'Bitcoin Has No Back Door': Mark Yusko on Gold Comparison
Morgan Creek founder Mark Yusko has shut down Bitcoin back door claims.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.