"Bitcoin declined again on Tuesday, April 28, this time dipping below $76,000 as global markets struggled to find direction amid a hiatus on the geopolitical front."
"The decline resulted in a sharp drop in the value of liquidated leveraged positions. Market data show that nearly $43 million in long bets were liquidated in a 24-hour window."
"With the Middle East conflict locked in a fragile stalemate over the past 48 hours, Tuesday's narrative pivoted toward the broader arena of global markets."
On April 28, bitcoin dropped 0.7%, falling below $76,000 as global markets struggled amid reduced geopolitical tensions in the Middle East. Initially, bitcoin peaked at $77,474 before declining to $75,657, its lowest since April 22. A brief rally brought it back to $76,000, but it closed at $76,200. The market cap decreased to $1.52 trillion, with $43 million in long positions liquidated. Analysts predict bitcoin will trade between $76,000 and $80,000 based on current leverage.
Read at news.bitcoin.com
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