{"id":22216,"date":"2023-05-10T20:23:56","date_gmt":"2023-05-10T20:23:56","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/10\/why-is-the-crypto-market-down-today-btc-briefly-slips-below-27k\/"},"modified":"2023-05-10T20:23:56","modified_gmt":"2023-05-10T20:23:56","slug":"why-is-the-crypto-market-down-today-btc-briefly-slips-below-27k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/10\/why-is-the-crypto-market-down-today-btc-briefly-slips-below-27k\/","title":{"rendered":"Why is the crypto market down today? BTC briefly slips below $27k"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1683743472211-a03b9cf9-ca61-4a25-941c-a7ebe59bab81-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1683743472211-a03b9cf9-ca61-4a25-941c-a7ebe59bab81-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1683743472211-a03b9cf9-ca61-4a25-941c-a7ebe59bab81-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1683743472211-a03b9cf9-ca61-4a25-941c-a7ebe59bab81-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/05\/1683743472211-a03b9cf9-ca61-4a25-941c-a7ebe59bab81.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<p dir=\"ltr\">Key takeaways<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The cryptocurrency market is down by roughly 1% over the previous 24 hours.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Bitcoin briefly dropped to $26,990 earlier at this time earlier than recovering to now commerce above $27,500.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The dump got here as a consequence of stories that there was a transaction with the United States authorities\u2019s BTC pockets.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\">Why the crypto market is down at this time<\/h2>\n<p dir=\"ltr\">The cryptocurrency market recorded a pointy spike in motion a couple of hours in the past. Bitcoin, the world\u2019s main cryptocurrency by market cap, was buying and selling simply above $28k earlier at this time.<\/p>\n<p dir=\"ltr\">However, BTC fell below the $27k degree for the first time in additional than per week, briefly touching the $26,990 mark earlier than retracing its motion.<\/p>\n<p dir=\"ltr\">According to market specialists, the sharp decline in Bitcoin\u2019s worth got here on account of a transaction from the United States authorities\u2019s BTC pockets.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: US Gov BTC Wallet is transferring<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> dumps laborious. Lot of longs rekt. <a href=\"https:\/\/t.co\/kyw8QIhAnR\">pic.twitter.com\/kyw8QIhAnR<\/a><\/p>\n<p>\u2014 Woetoe (@cryptowoetoe) <a href=\"https:\/\/twitter.com\/cryptowoetoe\/status\/1656348619455201283?ref_src=twsrc%5Etfw\">May 10, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\"><a href=\"https:\/\/blockstream.info\/tx\/0d3873d4a9e5b31156605143f27b84a503d69f70df46b31576bc26f7a6c947ae\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Data obtained from Blockstream<\/u><\/a> confirmed that 9819.01814463 bitcoins had been on the transfer from the pockets. This massive transaction was mirrored in the market, with Bitcoin dropping below the $27k mark for the first time in a month.\u00a0<\/p>\n<h2 dir=\"ltr\">Bitcoin recovers to commerce above $27,500<\/h2>\n<p dir=\"ltr\">The dump didn\u2019t final lengthy, as Bitcoin is now buying and selling above the $27k degree as soon as once more. At press time, the\u00a0<a href=\"https:\/\/coinjournal.net\/bitcoin\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>price of Bitcoin<\/u><\/a> stands at $27,502, down by greater than 2% in the final hour.<\/p>\n<p dir=\"ltr\">Bitcoin is not the solely cryptocurrency that recorded losses. Ether, the second-largest cryptocurrency by market cap, additionally dropped below the $1,800 mark earlier at this time earlier than retracing to now commerce at $18,36 per coin.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/why-is-the-crypto-market-down-today-btc-briefly-slips-below-27k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Key takeaways The cryptocurrency market is down by roughly 1% over the previous 24 hours. Bitcoin briefly dropped to $26,990 earlier at this time earlier than recovering to now commerce above $27,500. The dump got here as a consequence of stories that there was a transaction with the United States authorities\u2019s BTC pockets. Why [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[1413,495,31,24,41,1284,371],"class_list":["post-22216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-27k","tag-briefly","tag-btc","tag-crypto","tag-market","tag-slips","tag-today","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/22216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=22216"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/22216\/revisions"}],"predecessor-version":[{"id":22217,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/22216\/revisions\/22217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/22218"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=22216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=22216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=22216"}],"cu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