Bitcoin
Why Bitcoin is down 2.8% today
Analysis
Bitcoin fell 2.8% over the past 24 hours as selling pressure and ETF-related market dynamics weighed on price. CoinDesk reported that market makers likely amplified the drop during a sharp move toward $60,000, contributing to the downside momentum.
Contributing Factors (3)
Saylor: Strategy Not Selling Bitcoin
Michael Saylor has dismissed liquidation fears as an "unfounded concern.".
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 miner Cango sold $305 million of BTC during market slump to fund AI shift
The company plans to deploy modular GPU units across 40+ global sites to provide on-demand AI inference capacity for small and mid-sized businesses.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.