Find out how the leading cryptocurrency is performing on April 28.
On April 27, bitcoin (BTC) tested a local high of $79,500 but failed to hold it and retreated to $77,200. Today, April 28, 2026, BTC▲$65,682.00 trades at approximately $76,800 at the time of publication.
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The cryptocurrency has dipped just over 1% over the past 24 hours. Bitcoin’s 24-hour low stands at $76,481, with a high of $79,159.
The second-largest cryptocurrency, Ethereum (ETH), is also moving sideways. At the time of publication, ETH▲$1,719.12 trades at approximately $2,280. The 24-hour decline stands at 1.6%.
Among the top 10 altcoins by market capitalization, TRON posted the best 24-hour gain at +0.22%. Dogecoin leads for the week at +4.54%. Hyperliquid saw the largest 24-hour loss at -4.84%, while XRP▲$1.18 posted the largest seven-day loss at -2.42%.
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What Is Influencing Bitcoin’s Price on April 28?
Investor focus remains on US-Iran relations. The ceasefire has been extended, but negotiations continue with mixed success. Brent crude futures have exceeded $108 per barrel, putting pressure on risk assets.
Inflows into spot BTC ETFs broke after ten consecutive days of growth. The past 24 hours saw outflows of $263.3M.
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According to Coinglass, long liquidations totaled $92.4Mover the past 24 hours, compared to $10M in shorts.
The Fear and Greed Index fell from 47 to 33 points, returning to fear territory.
Market Microstructure
Glassnode analysts note a combination of bullish momentum and cautious sentiment. CryptoQuant recorded a spike in the CDD metric to its highest level since early 2023. Long-term holders are actively moving “dormant” coins to exchanges to take profits.
Checkonchain highlighted the convergence of cost basis metrics for short-term holders, BTC ETF holders, and the True Market Mean near $79,000. Breaking through this level could significantly change market psychology.
Technical analyst Peter Brandt warned that the current upward channel is not yet a confirmed bullish reversal pattern and urged caution.
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