{"id":15536,"date":"2023-05-30T04:51:44","date_gmt":"2023-05-30T08:51:44","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/bitcoin-drops-back-after-breaking-28000-barrier\/"},"modified":"2023-05-30T04:51:45","modified_gmt":"2023-05-30T08:51:45","slug":"bitcoin-drops-back-after-breaking-28000-barrier","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=15536","title":{"rendered":"Bitcoin Drops Back After Breaking $28,000 Barrier"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000657931\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Bitcoin was dropping back Tuesday after a break out of its recent price, while other cryptocurrencies were mixed.\u00a0<\/p>\n<p>\n        Bitcoin<br \/>\n       was down 0.4% over the last 24 hours to $27,808. The largest cryptocurrency was falling back from levels of above $28,000 which it briefly broke through on Monday for the first time in several weeks.\u00a0<\/p>\n<div class=\"paywall\">\n<p>After several weeks of trading roughly between $26,500 and $27,500, Bitcoin trading has been more volatile over the last seven days. The cryptocurrency sector has entered the political spotlight after Florida Gov. Ron DeSantis voiced support for Bitcoin during the announcement of his bid for the 2024 U.S. presidency last week.\u00a0<\/p>\n<p>\u201cFrom a technical point of view, follow the pressure on the first support marked by $26,500-$26,800. Despite seeing sessions with prices below that zone, it seems that the buying pressure is enduring the attacks of the bears,\u201d wrote Javier Molina, an eToro markets analyst, in a research note on Tuesday.  \u201cThe key area for new gains is marked by $28,500.\u201d\u00a0<\/p>\n<p>Beyond Bitcoin, Ether \u2014the second-largest crypto\u2014 rose 0.1% to above $1,900. Smaller cryptos or altcoins were mixed, with Cardano up 0.3% but Polygon down 2.7%. Memecoins were weaker, with\u00a0 Dogecoin down 1.1%.<\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/bitcoin-price-crypto-ether-dogecoin-eaedb874?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin was dropping back Tuesday after a break out of its recent price, while other cryptocurrencies were mixed.\u00a0 Bitcoin was down 0.4% over the last 24 hours to $27,808. The largest cryptocurrency was falling back from levels of above $28,000 which it briefly broke through on Monday for the first time in several weeks.\u00a0 After [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-15536","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Drops Back After Breaking $28,000 Barrier | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Bitcoin was dropping back Tuesday after a break out of its recent price, while other cryptocurrencies were mixed.\u00a0 Bitcoin was down 0.4% over the last 24\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=15536\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Drops Back After Breaking $28,000 Barrier | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Bitcoin was dropping back Tuesday after a break out of its recent price, while other cryptocurrencies were mixed.\u00a0 Bitcoin was down 0.4% over the last 24\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=15536\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-30T08:51:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-30T08:51:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1685436704_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=15536#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=15536\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Bitcoin Drops Back After Breaking $28,000 Barrier\",\"datePublished\":\"2023-05-30T08:51:44+00:00\",\"dateModified\":\"2023-05-30T08:51:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=15536\"},\"wordCount\":205,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=15536#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=15536\",\"url\":\"https:\/\/ifintechworld.com\/?p=15536\",\"name\":\"Bitcoin Drops Back After Breaking $28,000 Barrier | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-30T08:51:44+00:00\",\"dateModified\":\"2023-05-30T08:51:45+00:00\",\"description\":\"Bitcoin was dropping back Tuesday after a break out of its recent price, while other cryptocurrencies were mixed.\u00a0 Bitcoin was down 0.4% over the last 24\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=15536#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=15536\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=15536#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Drops Back After Breaking $28,000 Barrier\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Drops Back After Breaking $28,000 Barrier | iFintechWorld","description":"Bitcoin was dropping back Tuesday after a break out of its recent price, while other cryptocurrencies were mixed.\u00a0 Bitcoin was down 0.4% over the last 24","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=15536","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Drops Back After Breaking $28,000 Barrier | iFintechWorld","og_description":"Bitcoin was dropping back Tuesday after a break out of its recent price, while other cryptocurrencies were mixed.\u00a0 Bitcoin was down 0.4% over the last 24","og_url":"https:\/\/ifintechworld.com\/?p=15536","og_site_name":"iFintechWorld","article_published_time":"2023-05-30T08:51:44+00:00","article_modified_time":"2023-05-30T08:51:45+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1685436704_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=15536#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=15536"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Bitcoin Drops Back After Breaking $28,000 Barrier","datePublished":"2023-05-30T08:51:44+00:00","dateModified":"2023-05-30T08:51:45+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=15536"},"wordCount":205,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=15536#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=15536","url":"https:\/\/ifintechworld.com\/?p=15536","name":"Bitcoin Drops Back After Breaking $28,000 Barrier | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-30T08:51:44+00:00","dateModified":"2023-05-30T08:51:45+00:00","description":"Bitcoin was dropping back Tuesday after a break out of its recent price, while other cryptocurrencies were mixed.\u00a0 Bitcoin was down 0.4% over the last 24","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=15536#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=15536"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=15536#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Drops Back After Breaking $28,000 Barrier"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/15536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15536"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/15536\/revisions"}],"predecessor-version":[{"id":15538,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/15536\/revisions\/15538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/15537"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}