Bitcoin
Why Bitcoin is down 1.8% today
Analysis
Bitcoin fell 1.8% over the past 24 hours as broader risk-off sentiment hit markets, with CoinDesk reporting that AI-related fears pressured tech and even dragged down precious metals—conditions that often weigh on BTC alongside other risk assets. Separately, Cointelegraph noted a spike in miner outflows in January, which can add near-term sell pressure even if public miner sales remain limited.
Contributing Factors (3)
Bitcoin tumbles back near last week's lows as AI fears crush tech and precious metals plunge
The strong correlation between crypto and the software sector reasserted itself on Wednesday
Bitcoin miner outflows spike in January, but public sales remain limited
Onchain data shows nearly 49,000 BTC moved from miner wallets in two days, but public disclosures suggest the transfers do not reflect broad capitulation.
Bitcoin Mining Difficulty Hits Lowest Level Since China Ban
Bitcoin price in spotlight as mining difficulty has hit its lowest level in months.
Move Details
Explanation Confidence
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