Bitcoin
Why Bitcoin is down 1.0% in the last hour
Analysis
Bitcoin slipped about 1% over the past hour as risk-off sentiment and heavy selling pressure continued, with reports describing a “sell at any price” rout that pushed BTC back below $70,000 and erased post-election gains. CoinDesk also tied the move to ETF flow dynamics, while CryptoPotato noted BTC’s attempted rebound was capped around $72K, suggesting sellers remained in control.
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 Fear and Greed Index Plummets to 6-Year Low: Is The Worst Over?
Does this mean that BTC has finally bottomed out or is there more pain ahead?
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.