Bitcoin
Why Bitcoin is down 2.0% today
Analysis
Bitcoin fell about 2% over the past 24 hours as market sentiment weakened following reports that Susquehanna-backed crypto lender BlockFills suspended withdrawals, a development that can heighten counterparty-risk fears during drawdowns (Decrypt). Adding to the cautious tone, CoinDesk highlighted comments from ConsenSys founder Joe Lubin suggesting bitcoin is “in crisis,” which may have reinforced bearish narratives.
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.
Susquehanna-Backed Crypto Lender BlockFills Suspends Withdrawals as Bitcoin Sinks
Crypto firm BlockFills said it has temporarily halted deposits and withdrawals on its platform amid falling crypto prices and volatility.
Saylor: Strategy Not Selling Bitcoin
Michael Saylor has dismissed liquidation fears as an "unfounded concern.".
Move Details
Explanation Confidence
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