Bitcoin
Why Bitcoin is down 1.0% in the last hour
Analysis
Bitcoin slipped about 1% over the past hour as traders turned cautious ahead of the first U.S. inflation data release, with BTC retreating toward the $78K area.
Contributing Factors (3)
PONS Plunges Further, BTC Retreats to $78K Ahead of First US Inflation Data: Market Watch
Big daily losses are also evident from LIT, DASH, ARB, PUMP, UNI, and many others.
Bitcoin sell-side risk returns to rare lows as $80K sellers fade from view
Bitcoin investors showed little sign of panic selling as BTC held most of its August gains and sell-side risk fell to rare lows, data showed.
Coinbase CEO Brian Armstrong says bitcoin has bottomed for current cycle, expects uptrend over next two years
Coinbase CEO Brian Armstrong expects bitcoin to trend higher over the next two years, saying the current cycle may have bottomed.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.