Bitcoin
Why Bitcoin is down 1.0% in the last hour
Analysis
Bitcoin slipped about 1% over the past hour as broader crypto weakness resurfaced and the prior bounce faded, with CoinDesk noting BTC fell back through $66,000 alongside a wider market “crumble” and ETF-flow focus. The move also coincided with a more cautious tone from prominent industry figures, including Galaxy CEO Mike Novogratz warning of “much lower returns” after the dip (Decrypt) and Joe Lubin characterizing bitcoin as being “in crisis” (CoinDesk), which may have weighed on near-term sentiment.
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.
Following Bitcoin Dive, Galaxy CEO Novogratz Says Crypto Headed for 'Much Lower Returns'
Galaxy CEO Mike Novogratz believes crypto's speculative era is ending, replaced by real-world asset tokenization with lower returns.
Cryptos crumble, bitcoin falls through $66,000, as Friday's bounce fades
With so many other asset markets in rally mode, investors for the moment appear to have moved on from crypto.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.