Bitcoin
Why Bitcoin is down 1.1% in the last hour
Analysis
Bitcoin slipped 1.1% over the past hour amid renewed market anxiety after Susquehanna-backed crypto lender BlockFills reportedly suspended withdrawals, a headline that can amplify liquidity and counterparty-risk concerns during selloffs (Decrypt). Sentiment also weakened as Galaxy CEO Mike Novogratz warned that crypto may be headed for “much lower returns,” reinforcing a more cautious near-term outlook (Decrypt).
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.
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.
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Explanation Confidence
High confidence in the explanation based on source reliability and timing.