Bitcoin loses $77,000, ether, solana slide as Hormuz standoff lifts oil to 3-week high
Bitcoin has seen a decline, trading at $76,923 after failing to maintain levels above $79,000. Major cryptocurrencies, including ether and solana, also experienced losses as Brent crude oil prices rose due to geopolitical tensions. Analysts are divided on the market's direction, with upcoming Federal Reserve decisions and tech earnings potentially influencing Bitcoin's next movements.
- ▪Bitcoin traded at $76,923 on Tuesday morning, down 2.4% over 24 hours.
- ▪Brent crude rose 1% to above $109 a barrel, extending its rally amid tensions in the Strait of Hormuz.
- ▪Analysts are split on whether the recent rally in Bitcoin is driven by retail demand or short squeezes in derivatives markets.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin loses $77,000, ether, solana slide as Hormuz standoff lifts oil to 3-week highBitcoin traded at $76,923 on Tuesday morning, down 2.4% over 24 hours after rejecting $79,400 the previous day, with the entire top 10 closing red as Brent crude extended its rally to a seventh straight day.By Shaurya MalwaUpdated Apr 28, 2026, 6:59 a.m. Published Apr 28, 2026, 5:23 a.m. 3 min readMake preferred on What to know: Bitcoin has been rejected near $79,000 three times in eight sessions, leaving the level as the de facto ceiling of its current trading range even as major cryptocurrencies trade lower over the past day.Analysts are split on whether the latest rally is driven by renewed spot demand from retail and…
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