Bitcoin
Why Bitcoin is down 2.0% today
Analysis
Bitcoin fell about 2% over the past 24 hours as selling pressure coincided with sizable outflows from U.S. spot Bitcoin ETFs, which reportedly shed roughly $434M and helped push BTC back toward the $60K level.
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.
Bitcoin ETFs shed $434M as BTC briefly touches $60K, assets near $80B
Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.