Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K By Cointelegraph

The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk’s purchase of Twitter (NYSE:) began to fade and concerns about the state of the global economy took the forefront again.

Tech-related stocks were some of the hardest-hit assets on April 26 and this pullback was followed by sharp declines in crypto prices as risk assets become persona non grata in these turbulent markets.