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Today (April 28th), the cryptocurrency market was bearish due to the deadlock in negotiations between the US and Iran, causing a general decline in the cryptocurrency market. Bitcoin (BTC) has fallen below $78000, with a 24-hour drop of approximately 2.5%, and is currently fluctuating around $77000. Ethereum (ETH) performed even weaker, falling to around $2300 and dropping over 3.7% in 24 hours.
Other major altcoins also followed suit, with XRP and Solana (SOL) both experiencing a decline of nearly 3%. In the past 24 hours, the contract market has experienced a total net liquidation of approximately 396 million US dollars, with nearly 70% of long positions being liquidated.
Main Market Trends
·Geopolitics: The US Iran negotiations have been hindered by differences over the nuclear issue, leading to a rise in market risk aversion and causing BTC to fall from yesterday's high of nearly $79000.
·Potential selling pressure: About 1139 BTC (approximately $87.9 million) have been transferred to the Kraken exchange, and the market is concerned that this may be a signal to prepare for sale.
·Policy News: US Congressman Plans to Advance Strategic Bitcoin Reserve Legislation; Meanwhile, the prediction market platform is planning to enter the "perpetual futures" track.
The market is waiting for the Federal Reserve's interest rate decision in the early hours of Thursday, April 30th. If a dovish signal is released, it may help BTC break through $80000; On the contrary, if the stance is hawkish, it may face downward pressure.
How to trade the current market and how to use indicators are being explained in the live broadcast room
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
