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Bitcoin retreats toward $38K after Friday sparks losses for ‘nearly everything’ outside China

May 28, 2022
Source: techtelegraph.co.uk techtelegraph.co.uk
News Snapshot:
Bitcoin ( BTC ) fell into the May holiday weekend after late trading saw crypto losses echo “basically everything.” Macro keeps BTC firmly in its place Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $38,180 on Bitstamp to circle $38,600 on April 30. The pair had performed weakly on April 29, and this nonetheless echoed the vast majority of traditional assets — with the notable exception of Chinese equities. “Almost everything went down today besides gold, platinum, and Chinese stocks,” economist Lyn Alden summarized . With that, the S&P 500 finished on April 29 down 3.6% and...
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