Why is Bitcoin Down Today? đ
âBitcoin is taking a hit today due to a mix of security FUD and macro headwinds:
âColdcard Security Exploit đ: News broke that a 2021 firmware entropy flaw in Coldcard wallets allowed hackers to drain nearly $89M in BTC across thousands of addresses. While itâs not an air-gap breach, the seed generation bug spooked self-custody holders and triggered market wide panic.
âMacro Pressure & Stronger Dollar đ”: US Treasury yields are climbing alongside a stronger US Dollar, pulling liquidity away from risk-on assets like crypto.
âFed Rate Uncertainty đïž: Markets are pricing in prolonged high interest rates ahead of upcoming Fed policy signals, dampening short-term buying momentum.
âETF Slowdown đ: Institutional spot ETF inflows have cooled off, leaving the market exposed to levered long liquidations.
#BTC #ETH
âBitcoin is taking a hit today due to a mix of security FUD and macro headwinds:
âColdcard Security Exploit đ: News broke that a 2021 firmware entropy flaw in Coldcard wallets allowed hackers to drain nearly $89M in BTC across thousands of addresses. While itâs not an air-gap breach, the seed generation bug spooked self-custody holders and triggered market wide panic.
âMacro Pressure & Stronger Dollar đ”: US Treasury yields are climbing alongside a stronger US Dollar, pulling liquidity away from risk-on assets like crypto.
âFed Rate Uncertainty đïž: Markets are pricing in prolonged high interest rates ahead of upcoming Fed policy signals, dampening short-term buying momentum.
âETF Slowdown đ: Institutional spot ETF inflows have cooled off, leaving the market exposed to levered long liquidations.
#BTC #ETH
