Coin Prices


News Explorer — Bitcoin Drops to $28,000 as Macro Pressures Bite

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Apr 21, 10:14 am
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Bitcoin Drops to $28,000 as Macro Pressures Bite

Bitcoin's price has been declining for the past three days, dropping below $28,000 briefly on April 21. The total market capitalization of all cryptocurrencies has also decreased by 2.2%, while Ethereum lost 1.7%. The market slump was caused by the U.S. Federal Reserve's hint of a quarter-point interest rate hike, as well as overly positive sentiment in the market. Over $400 million worth of derivatives contracts have been liquidated this week, with the Crypto Fear and Greed index showing a neutral reading of 50.

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