Why is the crypto market dropping today? (April 28)
The crypto market dropped 1.3% to $2.64 trillion as rising oil prices and stalled U.S.–Iran talks reduced investor risk appetite.
Bitcoin fell below $77K, while Ethereum hovered near $2.3K. Major altcoins like XRP, BNB, Solana, and TRON declined around 1–2%.
Over $266 million in liquidations hit the market—mostly long positions—adding selling pressure. Meanwhile, oil nearing $100 per barrel raised inflation concerns, pushing sentiment toward fear and weighing further on crypto prices.
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