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Crypto market slides deeper into correction territory as Bitcoin struggles to hold $28k

April 21, 2023


The crypto market slid deeper into correction territory on Thursday as Bitcoin (BTC) now finds itself fighting to hold onto support at $28,000 while numerous altcoins have recorded double-digit declines over the past 24 hours.

Stocks, likewise, trended down after weekly jobless claims in the U.S. came in higher than expected, while existing home sales showed a decline of 2.4% in March from the month prior. At the close of markets, the major indices were all in the red, with the S&P down 0.60%, the Dow down 0.33%, and the Nasdaq recording a loss of 0.80%.

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