Bitcoin
Why Bitcoin is down 2.9% today
Analysis
Bitcoin fell 2.9% over the past 24 hours as traders turned cautious ahead of CPI, with reports noting BTC sliding toward $67,000 amid macro uncertainty and risk-off positioning. Sentiment also appeared pressured by Joe Lubin’s comments framing bitcoin as “in crisis,” which may have added to bearish narrative momentum despite being opinion-driven.
Contributing Factors (3)
Joe Lubin claims DeFi is as safe as traditional finance, adding that bitcoin is in crisis
During an interview at Consensus Hong Kong 2026, Joseph Lubin argued that "blue chip" decentralized finance has reached parity with traditional banking.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.