Bitcoin
Why Bitcoin is down 1.1% in the last hour
Analysis
Bitcoin slipped 1.1% over the past hour as broader selling pressure persisted, with CoinDesk describing a “sell at any price” rout that pushed BTC below $70,000 and erased post-election gains. Regulatory/mining headlines may have added to caution, as BeInCrypto reported Bitcoin mining difficulty saw its biggest drop since the 2021 China ban, which can amplify uncertainty around miner conditions.
Contributing Factors (3)
Bitcoin Mining Difficulty Hits Its Biggest Drop Since 2021 China Ban
Financial estimates indicate major BTC mining players like Marathon Digital were already under pressure, with production costs reaching nearly $68,000 per coin in late 2025. The post Bitcoin Mining Di...
Bitcoin Cycle Killed by Grifters, Tesla Investor Gerber Says
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, has slammed the cryptocurrency market, but he is not abandoning Bitcoin (BTC).
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.