Bitcoin
Why Bitcoin is down 1.1% in the last hour
Analysis
Bitcoin slipped 1.1% over the past hour as traders stayed cautious with BTC holding below the $90K area ahead of the upcoming Fed decision, a setup that often dampens risk appetite in the near term. Bitcoin Magazine also noted bearish technical pressure as price fought to hold key levels around $88,000, reinforcing short-term selling.
Contributing Factors (3)
Bitcoin miners HIVE, Bitfarm and Bitdeer downgraded as analyst warns on AI shift
KBW's Stephen Glagola said that turning business models toward AI and HPC may take longer to pay off than the market expects.
Bitcoin Price Fights for $88,000 as Fed Looms and Bearish Technical Pressure Builds
Bitcoin Magazine Bitcoin Price Fights for $88,000 as Fed Looms and Bearish Technical Pressure Builds The bitcoin price fell to $86,000 over the weekend but has steadied to around $87,850 amid caution...
Bitcoin holds below $90K as markets remain cautious ahead of Fed decision: analysts
Analysts flag ETF outflows, defensive positioning, and macro uncertainty as reasons behind bitcoin's range-bound price action.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.