Bitcoin and Ether retreat after failing to break $80,000 resistance

12 articles · Updated · CoinDesk · Apr 28

Both cryptocurrencies fell around 0.75% for a second day, with bitcoin twice failing to surpass $80,000 and U.S. demand weakening as shown by a negative Coinbase premium index.
Crypto derivatives activity cooled, with lower open interest, volume, and liquidations, while altcoins underperformed except for apecoin’s 17% surge. Market sentiment is cautious, with subdued volatility and bearish positioning.
The broader decline follows last week’s rally and coincides with falling U.S. equities, rising oil prices, and stalled U.S.–Iran peace talks, reflecting macroeconomic pressures and shifting investor risk appetite.

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