Bitcoin stalls at $80K resistance
- Bitcoin slipped back into the mid-$76,000s on April 28 after failing again to clear $80,000, extending a late-April stall in the rally. - U.S. spot Bitcoin funds added $824 million in the week ended April 24, then posted $263 million of outflows on April 28. - The pause follows four weeks of ETF buying, but traders are watching weaker risk appetite and macro signals. (coindesk.com)
Bitcoin fell back to about $76,400 on Tuesday after another failed push through $80,000. (coindesk.com 1) (coindesk.com 2) The latest rejection capped a run that took Bitcoin as high as $79,468 on April 22 and $79,488 on April 27 before sellers pushed it lower. (coinmarketcap.com) U.S. spot Bitcoin exchange-traded funds were still a support through last week, with $823.7 million of net inflows in the five sessions ended April 24. (farside.co.uk) (tradingnews.com) That support weakened at the start of this week. U.S.-listed spot Bitcoin funds posted $263 million of net outflows on Monday, snapping a nine-session inflow streak as Bitcoin slipped below $77,000. (msn.com) Derivatives markets also turned quieter. CoinDesk reported reduced risk appetite and subdued volatility as Bitcoin and Ether both edged lower below nearby resistance. (coindesk.com) The $80,000 level has become a visible ceiling because traders tend to cluster sell orders around round numbers. CoinDesk reported concentrated sell orders near that level on April 27 as the rally stalled. (coindesk.com) April still marked a sharp rebound from earlier in the month. Bitcoin closed at $68,078 on April 1, climbed above $78,000 by April 22, and was up roughly 13.6% by April 27 despite the pullback. (coinmarketcap.com) Macro risks are back in the frame as traders watch the Federal Reserve meeting this week and broader signals on liquidity and risk appetite. (finance.yahoo.com) (coindesk.com) For now, Bitcoin is still holding well above its early-April lows, but the market has not shown it can stay above $80,000. (coinmarketcap.com) (coindesk.com)
