BT

Bitcoin

BTC 1 Hour Move
-1.19%
$71,383.00 → $70,531.00

Why Bitcoin is down 1.2% in the last hour

Analysis

Bitcoin slipped 1.2% over the past hour as traders digested mixed signals around network health and sentiment. BeInCrypto reported that Bitcoin mining difficulty saw its biggest drop since the 2021 China ban, a headline that can be read as reflecting recent miner stress and weaker network conditions, weighing on near-term risk appetite.

Contributing Factors (3)

#1
BeInCrypto Regulatory 2 weeks ago

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...

Confidence
81%
Read source
#2
CoinDesk 1 week ago

Bitcoin bulls spot bottoming signs as longtime bears take victory laps

The Financial Times and Peter Schiff were among the no-coiners giving themselves pats on the back as crypto crashed this week.

Confidence
79%
Read source
#3
U.Today Regulatory 2 weeks ago

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).

Confidence
77%
Read source

Move Details

Asset Bitcoin
Symbol BTC
Direction ↓ Bearish
Timeframe 1 Hour
Start Price $71,383.00
End Price $70,531.00
Change -1.19%
Detected Feb 9, 2026 12:15 AM

Explanation Confidence

80%

High confidence in the explanation based on source reliability and timing.