Bitcoin
Why Bitcoin is down 2.7% today
Analysis
Bitcoin fell 2.7% over the past 24 hours as sentiment weakened alongside renewed pressure in the mining sector, after IREN and CleanSpark slid on earnings misses that added to broader sector stress. At the same time, reports highlighting BTC’s pullback toward the $60K area and a cooling of the prior “Trump pump” narrative pointed to softer near-term demand and risk appetite.
Contributing Factors (3)
Bitcoin Miners IREN and CleanSpark Slide After Earnings Misses Deepen Sector Pressure
Shares fell after both companies reported quarterly revenue below Wall Street expectations as Bitcoin dropped sharply.
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.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.