Bitcoin
Why Bitcoin is down 2.0% today
Analysis
Bitcoin fell about 2% over the past 24 hours as trading cooled and risk appetite softened after a volatile macro/PCE-driven swing, with market commentary noting BTC losing momentum while other corners of crypto rotated higher. Separately, reports that stolen Bitget-related funds were converted into BTC via CoW and Chainflip may have added to near-term selling/flow concerns and weighed on sentiment.
Contributing Factors (3)
Stolen Bitget Funds Converted to BTC via CoW, Chainflip: Report
Chainflip rejected an attempted deposit tied to the Bitget theft, returning the funds instead of allowing the swap to proceed.
Citi Lifts 12-Month Bitcoin Target to $113K, Ethereum to $3K
The bank has revised its 12-month target for BTC up from $82K, though it remains about 10% below Bitcoin's October 2025 record.
NIGHT Explodes 26% While BTC Cools After Wild PCE Swing: Market Watch
STX is the other massive gainer out of the largest 100 alts.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.