Bitcoin
Why Bitcoin is down 1.6% today
Analysis
Bitcoin fell 1.6% over the past 24 hours as risk sentiment weakened on reports that China pushed a “risk-off” stance and ordered banks to sell U.S. Treasuries, pressuring broader markets and BTC (CoinGape).
Contributing Factors (3)
Here's how market makers likely accelerated bitcoin's brutal crash to $60,000
The invisible hands of market makers likely accelerated bitcoin's recent crash.
Bitcoin Falters as China Pushes Risk-Off, Orders Banks to Sell US Treasuries
Bitcoin declined today after China ordered banks to reduce US treasury holdings. This action reflects risk-off sentiment as the Chinese central bank increases gold purchases and reduces exposure to ri...
$44B bitcoin blunder puts South Korea regulators on alert over local crypto exchanges
The watchdog said it plans to build tools that automatically extract suspicious trading patterns by the second and minute.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.