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Cryptocurrency News

Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K

04/27/2022

Less than a minute

2022.04.27 00:31

The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk’s purchase of Twitter (NYSE:TWTR) began to fade and concerns about the state of the global economy took the forefront again.

Tech-related stocks were some of the hardest-hit assets on April 26 and this pullback was followed by sharp declines in crypto prices as risk assets become persona non grata in these turbulent markets.

BTC/USD 1-week chart. Source: Twitter

Source

04/27/2022

Less than a minute